Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    589 Robinson Rd Greer, SC 29651-6315

    • Manufacturing properties
    • 2,678 SF
    • 60.71 lot acres
    OFF-MARKET
    Last Sale
    May 25, 2022
    $1,760,000
    Value Estimations
    $1,225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1344289
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 589 Robinson Rd

    Lot size
    60.71 lot acres
    Property size
    2,678 SF
    Property type
    Manufacturing properties
    APN
    5-1900-12900
    APU
    5190012900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,180,000
      ML approach
      $1,210,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,995,000
      6.5%
      $1,845,000
      7%
      $1,710,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greer
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.1595
    Latitude
    34.9312
    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
    $558
    $1,117
    $0.00
    $1,117
    -
    $259,087
    $0.00
    $259,087

    Comparable in this City

    • Value Estimation by Request
      924 SF

      Air Park Dr

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 924 SF
      Air Park Dr, Greer, SC 29651
      View Details
    • Value Estimation by Request
      2,580 SF

      365 Business Pkwy

      CHEMICAL • 2,580 SF
      365 Business Pkwy, Greer, SC 29651-7119
      View Details
    • Value Estimation
      $815,000
      2.00 Acres

      534 Brookshire Rd

      LUMBER & WOOD PRODUCT MFG • 2.00 Acres
      534 Brookshire Rd, Greer, SC 29651-6700
      View Details
    • Value Estimation by Request
      1,784 SF

      1155 Hwy 101st S

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 1,784 SF
      1155 Hwy 101st S, Greer, SC 29651-6732
      View Details
    • Value Estimation
      $275,000
      16,335 SF

      2822 Old Woodruff Rd

      LUMBER & WOOD PRODUCT MFG • 16,335 SF
      2822 Old Woodruff Rd, Greer, SC 29651-6730
      View Details
    • Value Estimation
      $175,000
      13,234 SF

      171 Timmons Dr

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 13,234 SF
      171 Timmons Dr, Greer, SC 29651-7541
      View Details

    Similar Nearby for Sale

    • $1,850,000
      14,200 SF

      Greer Flex Space: Main Street Gem

      14,200 SF Flex Space - $1.85M
      913 Main St, Greer, SC 29651
      View Details
    • $1,062,500
      8.50 Acres

      Greer Industrial Land - 8.5 Acres

      Prime Greer location, I-1 zoning, ready to build.
      1425 Buncombe Rd, Greer, SC 29651
      View Details
    • Contact for pricing
      10,000 SF

      Greer SC Industrial/Flex Space

      10,000 SF industrial/flex space near GSP Airport.
      175 Brookshire Rd, Greer, SC 29651
      View Details
    • $1,600,000
      0.63 Acres

      Adaptable Commercial Building on Wade Hampton

      Freestanding 13,600 SF commercial building with multi-occupancy flexibility.
      14629 E Wade Hampton Blvd, Greer, SC 29651
      View Details
    • Contact for pricing
      184,140 SF

      Greer Warehouse/Industrial Property

      184,140 SF warehouse/industrial property in Greer, South Carolina.
      1120 Woods Chapel Rd, Greer, SC 29651
      View Details
    • $2,900,000
      14.50 Acres

      Greer, SC Land Development Opportunity

      14.5 Acres, I-85 Proximity, High Potential
      697 Abner Creek Rd, Greer, SC 29651
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      4,800 SF

      Greer Industrial Flex Space

      4,800 SF Flex Space, I-85 Access
      198 Industrial Park Rd, Greer, SC 29651
      View Details
    • $11 SF/Yr
      15,600 SF

      Warehouse Space Near Airport

      Warehouse with office, showroom, and convenient multi-modal access.
      2125 Airport Rd, Greer, SC 29651
      View Details
    • Contact for pricing
      140,639 SF

      New Class A Industrial Space

      New Class A industrial park space for lease in Greer.
      560 Commerce Park Dr, Greer, SC 29651
      View Details
    • Contact for pricing
      2,613,600 SF

      GSP Airport Logistics Park Land

      Prime Greer, SC industrial land. 10-60 acre parcels available.
      100 International Commerce Blvd, Greer, SC 29651
      View Details
    • Contact for pricing
      73,000 SF

      Greer Warehouse Near Airport

      73,000 sq ft warehouse near GSP Airport in Greer.
      1446 S Buncombe Rd, Greer, SC 29651
      View Details
    • $6 SF/Yr
      140,639 SF

      Global Commerce Park Warehouse Space

      Greer, SC Class A Warehouse Space Available
      560 Commerce Park Dr, Greer, SC 29651
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    589 Robinson Rd
    Greer, SC 29651-6315
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.