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    Property profile & analytics

    7801 Warren H Abernathy Hwy Spartanburg, SC 29301-2566

    • Banks
    • 2,016 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    $2,650,000
    Last Sale
    May 20, 2025
    $2,950,000
    Location Intelligence
    Property ID
    US77-0358129
    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

    • suntrust atm / Atm

    Property Details for 7801 Warren H Abernathy Hwy

    Year built
    1975
    Construction
    BRICK
    Lot size
    0.62 lot acres
    Property size
    2,016 SF
    Property type
    Banks
    APN
    6-2007-08200
    APU
    6200708200

    Description

    This exceptional investment opportunity presents a brand-new, 2,824 square foot convenience store and gas station located at 7801 Warren H Abernathy Hwy, Spartanburg, SC 29301. The property boasts a 20-year lease commencing October 4, 2024, and expiring October 6, 2044, with 4, 5-year renewal options. The tenant, a well-known and established national brand, Murphy Oil USA, occupies the entire space at 100% occupancy, providing a stable and predictable income stream. The property features 12 gas pumps, ensuring high traffic and sales volume. The asking price is $3,143,000, representing a compelling 5.25% cap rate based on a Net Operating Income (NOI) of $165,000. This is an absolute NNN ground lease, meaning zero landlord responsibilities. The property sits on a 1.12-acre lot and benefits from excellent visibility and access, situated along U.S. Highway 29, near major shopping centers, and surrounded by a strong residential consumer base. The property's APN is 6-2007-08200 & 6-2007-08300, and it is zoned ULMO. Built in 2024, this property offers a secure, long-term investment with built-in rental increases. This is a turnkey investment with minimal management requirements.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,520,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,855,000
      6.5%
      $2,935,000
      7%
      $2,870,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,915,000
      Geo Method
      $2,945,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,715,000
      Retail
      $2,615,000
      Mixed-Use
      $2,990,000
      Hospitality
      $3,290,000
      Educational
      $2,815,000
      Residential Income
      $2,460,000
      Energy
      $3,015,000
      Income-Based Land
      $3,370,000
      Food Service
      $3,210,000

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0026
    Latitude
    34.9352
    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
    $16,620
    $24,054
    $23,922
    $47,976
    -
    $400,900
    $398,700
    $799,600

    Comparable in this City

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      8770 Warren H Abernathy Hwy

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      FINANCIAL BUILDING • 19,310 SF
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      2,966 SF

      2680 Reidville Rd

      FINANCIAL BUILDING • 2,966 SF
      2680 Reidville Rd, Spartanburg, SC 29301-3535
      View Details

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      Operating Retail Storefront For Sale

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      Retail Space in Spartanburg

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    Spartanburg, SC 29301-2566
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    Realmo Value Estimation

    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.

    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.

    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
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