Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    702 Alabama Ave Chesnee, SC 29323-1706

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    702 Alabama Ave Chesnee, SC 29323-1706

    View on Map
    • Medical Office Space
    • 4,096 SF
    • 2.03 lot acres
    Off-Market
    Property ID
    US77-0259607
    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

    • Spartanburg Regional Health system / Medical Clinic
    • Rianna Kondaveeti DO / Pediatrician / Physician
    • Scott Klosterman / Pediatrician / Physician
    • SMC - Center for Family Medicine - Chesnee / Family Practice Physician / Medical Group

    Property Details for 702 Alabama Ave

    Year built
    2003
    Construction
    BRICK
    Lot size
    2.03 lot acres
    Property size
    4,096 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    2-1900-03612
    APU
    2190003612

    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
    Chesnee
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.8626
    Latitude
    35.1382
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,386 SF

      128 Cherokee St

      MEDICAL BUILDING • 1,386 SF
      128 Cherokee St, Chesnee, SC 29323-1226
      View Details
    • Value Estimation by Request
      1,330 SF

      3480 Chesnee Hwy

      MEDICAL BUILDING • 1,330 SF
      3480 Chesnee Hwy, Chesnee, SC 29323
      View Details
    • Value Estimation by Request
      2,286 SF

      895 Chesnee Hwy

      MEDICAL BUILDING • 2,286 SF
      895 Chesnee Hwy, Chesnee, SC 29323
      View Details
    • Value Estimation by Request
      2,158 SF

      403 Cherokee St

      HOMES (RETIRED, NURSING) • 2,158 SF
      403 Cherokee St, Chesnee, SC 29323-1008
      View Details
    • Value Estimation
      $575,000
      5,840 SF

      228 Alabama Ave

      OFFICE BUILDING • 5,840 SF
      228 Alabama Ave, Chesnee, SC 29323-1504
      View Details
    • Value Estimation by Request
      900 SF

      104 Chester St

      OFFICE BUILDING • 900 SF
      104 Chester St, Chesnee, SC 29323-1512
      View Details

    Similar Nearby for Sale

    • $250,000
      2,100 SF

      Commercial Property in Growing Downtown

      Highly visible commercial property with flexible space in Chesnee, SC.
      120 S Alabama Ave, Chesnee, SC 29323
      View Details
    • $450,000
      9.00 Acres

      Prime Land on Highway 11

      9-acre land lot with excellent visibility and access.
      2307 11 Hwy, Chesnee, SC 29323
      View Details
    • $299,000
      7.87 Acres

      Chesnee Commercial Site Near Lake

      7.87 acre commercial site near Lake Blalock.
      4221 Chesnee Hwy, Chesnee, SC 29323
      View Details
    • Contact for pricing

      99 Acre Tract For Sale

      99 acre tract with water lines on road frontage.
      1099 State Rd S-11-146, Chesnee, SC 29323
      View Details
    • Contact for pricing

      Storage Facility and Corner Lot

      28-unit storage facility and 0.61-acre corner lot for sale.
      204 E Cherokee St, Chesnee, SC 29323
      View Details
    • New
      $99,000
      1.73 Acres

      Residential Lot in Chesnee, SC

      1.73 acre residential lot perfect for custom or mobile home.
      Parris Farm Rd, Chesnee, SC 29323
      View Details

    Property Visit Statistics

    • Visits by month
      16.1k
    • Visitors by month
      9.0k
    • Avg Time on site
      21 min
    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.
    702 Alabama Ave
    Chesnee, SC 29323-1706
    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.
    Sign Up Successful!
    You now have access to more from Realmo!