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Property profile & analytics
FOR LEASE
Office buildings
775 Spartan Blvd Spartanburg, SC 29301
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-0595086
For Lease
1 / 2
$1,550,000
775 Spartan Blvd, Spartanburg, SC 29301
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
BRICK
Total area
40,292 SF
Lot
2.63 ac (114,563 SF)
APN
6-2004-04101
UPID
US77-0595086
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
-
Haley Caldwell, Finance of America Mortgage LLC Loan Service Bank
-
Darren Stroud, Finance of America Mortgage LLC Loan Service Bank
-
Christopher Stroud, Finance of America Mortgage LLC Loan Service Bank
-
Synalloy Corporation Professional Services
-
Skyline Transport Group Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.55M
Owner & transaction history
Westgate Carolina Realty LLC · 2 yrs held
Westgate Carolina Realty LLC
since 2024
Last sale
$1.6M
3 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 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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Jun 7 2024)
Last sale anchor
$1.55M
Jun 7 2024
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
$38 / 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
$38,029
Tax year 2023
Assessed value
$106,560
Assessed 2023
Previous assessed
$106,560
+0.0% YoY
Effective rate
35.69%
On assessed value
Assessed land
$28,866
Assessed improvement
$77,694
Land market value
$481,100
Improvement market value
$1,294,900
Total market value
$1,776,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
40,292 SF
Lot
2.63 ac (114,563 SF)
APN
6-2004-04101
UPID
US77-0595086
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
1988
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.63 ac
Current owner
From public records · entity-resolved
Westgate Carolina Realty LLC
Entity
Free & Clear · 2 yrs held
Mailing address
150 GREAT NCK RD #3, GREAT NECK, NY 11021-3356
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
Westgate Carolina Realty LLC
—
Deed
related
—
Jun 7, 2024
$15,150,000
Westgate Carolina Realty LLC
Spinoso Real Estate Group Dls LLC
Quit Claim Deed
related
—
Jun 27, 2017
$1,550,000
Pointe West Office LLC
Rose And Walter Montgomery Foundati
Deed
$1,312,500 · Wells Fargo Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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