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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Warehouses
7092 Howard St Spartanburg, SC 29303-1403
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-0426372
Property summary
AI-generated overview
This exceptional 9,750-square-foot flex space is part of a larger 55,000-square-foot industrial building located at 7092 Howard Street in Spartanburg, South Carolina. The property, built in 1996, features a single-story building with a 15-foot ceiling height, providing ample vertical space for various uses. The space includes three dock-high doors and one drive-in door, ensuring efficient loading and unloading of goods. The property's APN is 6130201106 and is situated in Spartanburg County, SC, zip code 29303. This multi-tenant building offers a prime location for businesses seeking flexible and functional space. The available space totals 9,750 square feet, representing a significant opportunity for expansion or relocation. The property's convenient location and versatile design make it an attractive option for a wide range of industrial and flex-space users. This is a rare opportunity to secure high-quality industrial space in a thriving South Carolina market. The property's single-story design and ample loading capabilities make it an ideal choice for businesses requiring efficient operations.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
METAL FRAME
Total area
65,905 SF
Lot
5.97 ac (260,053 SF)
APN
6-1302-01106
UPID
US77-0426372
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
-
Record Nations Storage Facility
-
Deborah Torrey Brown-Landrum Physician
-
Whitney Sheppard Palmer Physician
-
Chartwells Take-out & Catering Catering Service
-
Upstate Treatment Specialists Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$3.19M
Owner & transaction history
Howard Street LLC · 2 yrs held
Howard Street LLC
since 2023
Last sale
$3.7M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.2M
+54.3%
Neighborhood: shopping center
$5.1M
+50.7%
Retail stores
$4.1M
+23.1%
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 Spartanburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spartanburg 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
Method
Estimation
Statistic approach
$2,705,000
ML approach
$3,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,360,000
Current use
AUTO REPAIR, GARAGE
$5,185,000
Change: +54% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,065,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$4,135,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10% · vs last sale $3.67M (Nov 20 2023)
Last sale anchor
$3.67M
Nov 20 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
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
$38,144
Tax year 2023
Assessed value
$101,499
Assessed 2023
Previous assessed
$101,499
+0.0% YoY
Effective rate
37.58%
On assessed value
Assessed land
$19,713
Assessed improvement
$81,786
Land market value
$328,550
Improvement market value
$1,363,100
Total market value
$1,691,650
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
METAL FRAME
Heating
YES
Cooling
NONE
Stories
1
Total area
65,905 SF
Lot
5.97 ac (260,053 SF)
APN
6-1302-01106
UPID
US77-0426372
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
RETAIL STORES
Est. value
$4.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
5.97 ac
Current owner
From public records · entity-resolved
Howard Street LLC
Entity
Mailing address
617 E MCBEE AVE STE #200, GREENVILLE, SC 29601-2969
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
$3,673,086
Howard Street LLC
Hearon Center LLC
Warranty Deed
$3,488,086 · Hearon Center LLC
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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