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Property profile & analytics
OFF-MARKET
Estimated value
$11,135,000
Warehouses
560 Gilliam Rd, Greer, SC 29651-6345
Entity Owned
5-yr Hold
Free & Clear
Property ID
US77-0706550
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Construction
WOOD
Total area
217,788 SF
Lot
23.5 ac (1,023,834 SF)
APN
5-1800-02303
UPID
US77-0706550
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.44M
Blend (final)
Blend
$11.14M
Owner & transaction history
Bunch Gilliam Rd LLC · 5 yrs held
Bunch Gilliam Rd LLC
since 2021
Last sale
$13.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$17.2M
+23.1%
Neighborhood: shopping center
$17.2M
+22.5%
Auto repair, garage
$17.1M
+22.2%
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 Greer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greer 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
$8,270,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,005,000
Current use
RETAIL STORES
$17,240,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$17,155,000
Change: +22% · Conversion: Moderate
AUTO REPAIR, GARAGE
$17,110,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$11.14M
Range $10.02M – $12.25M · ±10% · vs last sale $13.50M (Feb 3 2021)
Last sale anchor
$13.50M
Feb 3 2021
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
$51 / 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
$381,213
Tax year 2023
Assessed value
$931,500
Assessed 2023
Previous assessed
$931,500
+0.0% YoY
Effective rate
40.92%
On assessed value
Assessed land
$72,784
Assessed improvement
$858,716
Land market value
$1,293,000
Improvement market value
$15,254,900
Total market value
$16,547,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
SPACE
Cooling
NONE
Stories
1
Total area
217,788 SF
Lot
23.5 ac (1,023,834 SF)
APN
5-1800-02303
UPID
US77-0706550
Jurisdiction
SPARTANBURG
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
WAREHOUSE, STORAGE Current
Est. value
$14.0M
RETAIL STORES
Est. value
$17.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.2M
AUTO REPAIR, GARAGE
Est. value
$17.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1997
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
1
Lot
23.5 ac
Current owner
From public records · entity-resolved
Bunch Gilliam Rd LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1355 N KINGS HWY, NASH, TX 75569-2121
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2021
$13,500,000
Bunch Gilliam Rd LLC
Appian Gilliam LLC
Special Warranty Deed
—
Nov 25, 2019
—
Appian Gilliam LLC
—
Deed
related
$7,393,670 · Synovus Bank
Oct 26, 2018
—
Appian Gilliam LLC
—
Deed
related
$7,300,000 · Midcap Funding Vii Trust
Jan 12, 2017
$2,950,000
Jtb LLC
Brashier Walter Trust
Grant Deed
$2,900,000 · Brashier T Walker Trust (rt)
Jun 5, 2009
$2,900,000
Brashier T Walter Trust
C & W Warehouse Co LLC
Grant Deed
—
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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