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Property profile & analytics
OFF-MARKET
Warehouses
5850 Chesnee Hwy, Chesnee, SC 29323-9502
Individually Owned
2-yr Hold
Free & Clear
Property ID
US77-0687442
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Best Trade Team LLc Auto Parts Store Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
James Jeffrey Lawrence · 2 yrs held
James Jeffrey Lawrence
since 2023
Last sale
$137,500
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chesnee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesnee 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$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
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
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
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
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
James Jeffrey Lawrence
Individual
Free & Clear · 2 yrs held
Mailing address
1229 JOHN DODD RD, SPARTANBURG, SC 29303-4320
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
$137,500
James Jeffrey Lawrence
Falatok Properties LLC
Deed
—
Mar 6, 2017
$75,000
Falatok Properties LLC
Mckinney,donald W & Elizabeth L
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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