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    585 Old Georgia Rd Moore, SC 29369-9609

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    585 Old Georgia Rd Moore, SC 29369-9609

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    • Industrial properties
    • 12,600 SF
    • 2.05 lot acres
    Off-Market
    Last Sale Nov 10, 2024
    $316,500
    Property ID
    US77-1411905
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Roebuck Plastics & Machining / Factory / Production Facility
    • Bison Tool & Machining / Industrial Manufacturer / Metal Fabrication Plant

    Property Details for 585 Old Georgia Rd

    Year built
    1976
    Construction
    METAL FRAME
    Lot size
    2.05 lot acres
    Property size
    12,600 SF
    Property type
    Industrial properties
    APN
    6-2800-13000
    APU
    6280013000

    Description

    This exceptional 12,600-square-foot shop/warehouse in Moore, South Carolina, offers a prime location near Highways 221 and 215, approximately seven minutes from I-26. The property boasts two buildings situated on two acres of land, featuring a 17-foot ceiling height, three loading docks (one with lift support), and two dock-high doors. Ample parking is provided with 50 spaces. The warehouse is equipped with three-phase power (220 and 480 volts) and includes air lines throughout. The fully furnished main office area offers climate control (heating and air conditioning) and four bathrooms. Two heavy-duty commercial-grade compressors are included. Recently renovated in 2024, this single-tenant property is ready for immediate occupancy. The property is classified as industrial, land, and special purpose, encompassing manufacturing, warehouse, distribution, and commercial subtypes. This shop warehouse is ideal for businesses requiring significant space, loading capabilities, and convenient access to major transportation routes. The property is located at 585 Old Georgia Rd, Moore, SC 29369, within the Spartanburg County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Moore
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9863
    Latitude
    34.881
    CBSA code
    43900
    CBSA name
    SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $21,710,000
      76.42 Acres

      1876 Moore Duncan Hwy

      INDUSTRIAL (GENERAL) • 76.42 Acres
      1876 Moore Duncan Hwy, Moore, SC 29369-8620
      View Details
    • Value Estimation
      $6,220,000
      161,767 SF

      7601 Hwy 221

      INDUSTRIAL (GENERAL) • 161,767 SF
      7601 Hwy 221, Moore, SC 29369-9216
      View Details
    • Value Estimation by Request
      400.00 Acres

      2202 Moore Duncan Hwy

      INDUSTRIAL (GENERAL) • 400.00 Acres
      2202 Moore Duncan Hwy, Moore, SC 29369-8992
      View Details
    • Value Estimation
      $545,000
      21,000 SF

      6724 Hwy 221

      INDUSTRIAL (GENERAL) • 21,000 SF
      6724 Hwy 221, Moore, SC 29369
      View Details
    • Value Estimation
      $7,135,000
      197,751 SF

      1875 Moore Duncan Hwy

      INDUSTRIAL (GENERAL) • 197,751 SF
      1875 Moore Duncan Hwy, Moore, SC 29369-8621
      View Details
    • Value Estimation
      $3,120,000
      227,334 SF

      7611 Hwy 221

      INDUSTRIAL (GENERAL) • 227,334 SF
      7611 Hwy 221, Moore, SC 29369-9216
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Industrial Building Near I-26

      20,000 sq ft industrial building with convenient highway access.
      6724 Highway 221, Moore, SC 29369
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    • $162,900
      5.32 Acres

      Moore, SC Acreage For Sale

      5.32 acres of land for peaceful country living.
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    • $1,399,000
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      Residential Land in Growing Area

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      Commercial Land in Growing Area

      Almost 1 acre site in rapidly growing Spartanburg County.
      5828 Reidville Rd, Moore, SC 29369
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      6 SF

      Land For Sale I-26 Frontage

      6.89 acres with great interstate visibility on I-26.
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      5,176 SF

      Established Office Building For Sale

      Office building in Duncan, SC, established in 2000.
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    Similar Nearby for Lease

    • Contact for pricing

      Moore SC Flex Space Available

      26,782 SF flex space available for lease in Moore, SC.
      190 Old Roebuck Rd, Moore, SC 29369
      View Details
    • Contact for pricing
      25,000 SF

      Industrial Space Near I-26

      Industrial space with quick access to I-26, ample parking.
      140 Old Roebuck Rd, Moore, SC 29369
      View Details
    • Contact for pricing
      1,850,113 SF

      Large Manufacturing or Distribution Space

      1,850,113 SF manufacturing/distribution space with quick I-26 access.
      2004 Moore Duncan Hwy, Moore, SC 29369
      View Details
    • Contact for pricing

      Retail Spaces For Lease

      Retail spaces available for pre-leasing in a prime location.
      5895 Reidville Rd, Moore, SC 29369
      View Details
    • Contact for pricing

      Retail Suites on Hwy 290

      Retail suites available for pre-leasing near major retailers.
      Moore Duncan Hwy, Moore, SC 29369
      View Details
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    Moore, SC 29369-9609
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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