Individually Owned Property summary
AI-generated overview
This completely renovated 1,800 square foot metal warehouse building is situated on a one-acre lot at 5850 Chesnee Highway in Spartanburg, South Carolina, zip code 29323. The property boasts two drive-in doors, providing convenient access for loading and unloading. The interior features new LED lighting throughout, pegboard protection along the perimeter walls, and two newly installed bathrooms. Two private offices offer dedicated workspace, complemented by efficient Trane HVAC units for climate control. An exterior personnel door provides additional access. Ample parking is available, along with a sizable lay-down yard suitable for vehicles or product storage. A pole sign out front is available for tenant use. The property's Spartanburg County Tax Map number is 2-19-00-072.02. This is an exceptional opportunity to acquire a fully renovated industrial space in a desirable location. Asking price is $259,000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
METAL FRAME
Total area
2,115 SF
Lot
1.01 ac (43,996 SF)
APN
2-1900-07202
UPID
US77-0687442
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Parts Store Factory
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$100k
Owner & transaction history
since 2023
Last sale
$137,500
2 recorded transactions
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$100k
Value range
$90k – $110k
±10% around blend
Estimated value / SF
$47 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$90k
blend $100k
$110k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,115 SF
Lot area
1.01 ac
Year built
1996
Stories
1
APN
2-1900-07202
Assessed value
$4,878
Annual tax
$1,710
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$100k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 163 sales
$47
+1%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $47/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$138k
Move the market yield to see immediate price impact.
Value / SF
$65
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$9k
$173k
$124k
$96k
$10k
$193k
$138k
$107k
$11k
$212k
$151k
$118k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,710
Tax year 2023
Assessed value
$4,878
Assessed 2023
Previous assessed
$4,878
+0.0% YoY
Effective rate
35.06%
On assessed value
Assessed land
$2,640
Assessed improvement
$2,238
Land market value
$44,000
Improvement market value
$37,300
Total market value
$81,300
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
METAL FRAME
Heating
YES
Cooling
NONE
Stories
1
Total area
2,115 SF
Lot
1.01 ac (43,996 SF)
APN
2-1900-07202
UPID
US77-0687442
Jurisdiction
SPARTANBURG
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1996
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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