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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Retail space
5520 Hwy 187 Anderson, SC 29625-6344
Entity Owned
~
Est. High Equity
Property ID
US77-2107360
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Total area
9,141 SF
Lot
1.53 ac (66,647 SF)
APN
045-00-01-041
UPID
US77-2107360
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.19M
Owner & transaction history
Ocelot LLC
Ocelot LLC
since 2025
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+97.4%
Restaurant
$1.4M
+64.0%
Commercial (general)
$1.1M
+26.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Anderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anderson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,110,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$880,000
Current use
OFFICE BUILDING
$1,735,000
Change: +97% · Conversion: Easy
RESTAURANT
$1,440,000
Change: +64% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,115,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $900k (Jun 15 2025)
Last sale anchor
$900k
Jun 15 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$130 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,862
Tax year 2023
Assessed value
$73,830
Assessed 2023
Previous assessed
$66,900
+10.4% YoY
Effective rate
32.32%
On assessed value
Assessed land
$6,890
Assessed improvement
$66,940
Total market value
$1,230,500
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Heating
NONE
Total area
9,141 SF
Lot
1.53 ac (66,647 SF)
APN
045-00-01-041
UPID
US77-2107360
Jurisdiction
ANDERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$880,000
OFFICE BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Lot
1.53 ac
Current owner
From public records · entity-resolved
Ocelot LLC
Entity
Mailing address
16732 BELLE ISLE DR, CORNELIUS, NC 28031-7709
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
$900,000
Ocelot LLC
Jabpap LLC
Deed
$700,000 · Southstate Bank NA
Mar 10, 2021
—
Anthony J Ballas
John J Ballas
Deed Of Distribution
related
$360,000 · First Citizens Bank & Trust Co
Nov 18, 2015
$1,115,000
Angela K Ballas
South Carolina Dg LLC
Grant Deed
$486,005 · First Cmnty Bk
Sep 21, 2015
—
South Carolina Dg LLC
Delaney Property Group LLC
Quit Claim Deed
related
—
Nov 20, 2014
$106,500
Delaney Property Group LLC
Hp Properties Of Sc LLC
Grant Deed
—
Jul 6, 2010
$106,651
Hp Properties Of Sc LLC
Master In Equity Of Anderson Cnty
Trustees Deed
related
—
Jun 24, 2010
—
Hp Properties Of Sc LLC
Hp Properties Of Sc LLC
Quit Claim Deed
related
—
Apr 1, 2010
—
Hp Properties Of Sc LLC
Show Me The Money INC
Grant Deed
related
—
May 27, 2009
—
Show Me The Money INC
—
Trustees Deed
related
$250,000 · Richard K Bennett
Dec 12, 2008
—
Show Me The Money INC
—
Deed Of Trust
related
$1,000,000 · Richard K Bennett
Nov 2, 2001
$150,000
Show Me The Money INC
—
Grant Deed
—
—
—
Hp Properties Of Sc LLC
—
Deed Of Trust
related
$85,000 · Peoples Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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