Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7801 Warren H Abernathy Hwy Spartanburg, SC 29301-2566
    Back to Search
    Property profile & analytics

    7801 Warren H Abernathy Hwy, Spartanburg, SC 29301-2566

    View on Map
    • Banks
    • 2,016 SF
    • 0.62 lot acres
    Off-Market
    Last Sale May 20, 2025
    $2,950,000
    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.
    Value Estimations
    $2,700,000
    Show details
    Cap Rate Potential
    Location Intelligence

    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 type
    Banks
    APN
    6-2007-08200
    APU
    6200708200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 20, 2025 $2,950,000 Michael L Cargile Lemonade Mm Spartanburg LLC Special Warranty Deed —
    Aug 1, 2022 $920,000 Lemonade Mm Spartanburg LLC Truist Bank Special Warranty Deed —

    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,520,000
      ML approach
      $2,380,000

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

    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

    • Value Estimation
      $590,000
      19,310 SF

      101 Pne St, Unit 1

      FINANCIAL BUILDING
      101 Pne St, Spartanburg, SC 29301
      View Details
    • Value Estimation by Request
      2,966 SF

      2680 Reidville Rd

      FINANCIAL BUILDING
      2680 Reidville Rd, Spartanburg, SC 29301-3535
      View Details
    • Value Estimation by Request
      3,071 SF

      8770 Warren H Abernathy Hwy

      FINANCIAL BUILDING
      8770 Warren H Abernathy Hwy, Spartanburg, SC 29301-1227
      View Details
    • Value Estimation by Request
      4,347 SF

      1488 Wo Ezell Blvd

      FINANCIAL BUILDING
      1488 Wo Ezell Blvd, Spartanburg, SC 29301-1553
      View Details
    • Value Estimation by Request
      2,239 SF

      2895 Reidville Rd

      FINANCIAL BUILDING
      2895 Reidville Rd, Spartanburg, SC 29301-5639
      View Details
    • Value Estimation by Request
      3,366 SF

      1535 John B White Sr Blvd

      FINANCIAL BUILDING
      1535 John B White Sr Blvd, Spartanburg, SC 29301-3811
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,966 SF

      Freestanding Retail Building For Sale

      Freestanding retail building with dedicated parking and prominent frontage.
      2680 Reidville Rd, Spartanburg, SC 29301
      View Details
    • $4,175,000

      Spartanburg Retail Investment Opportunity

      Fully leased outparcel pad building in Spartanburg's prime retail area.
      1501 W O. Ezell Blvd, Spartanburg, SC 29301
      View Details
    • $200,000
      1,800 SF

      Retail and Residential Income Property

      Investment opportunity with retail space and tenant-occupied mobile home.
      170 S Blackstock Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      2,400 SF

      Operating Retail Storefront For Sale

      Operating retail store with high traffic volume, inventory negotiable.
      8003 Warren H Abernathy Hwy, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      6,080 SF

      Spartanburg Automotive Property for Sale

      Automotive property with business operations available for purchase in Spartanburg.
      432 W Blackstock Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space with Mobile Home

      Investment property featuring retail space and a mobile home.
      170 Blackstock Rd, Spartanburg, SC 29301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail Space in Dorman Centre

      Retail space available in a shopping center anchored by Walmart.
      142 Dorman Centre Dr, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space on WO Ezell

      10,000 SF retail space with high traffic visibility.
      1487-1495 Wo Ezell Blvd, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      1,837 SF

      Retail Space in Westgate Mall

      Retail space available for lease in Westgate Mall.
      210-220 Westgate Mall Dr, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      3,400 SF

      Outparcel for Ground Lease

      Outparcel available for ground lease with great visibility.
      1731 John B White Senior Blvd, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      11,245 SF

      Former Walgreens Retail Space Available

      11,245 SF retail space in Spartanburg, South Carolina.
      1510 W Wo Ezell Blvd, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      1,745 SF

      Mixed-Use Building in Opportunity Zone

      Retail, restaurant, office, and entertainment spaces for lease.
      500 W Main St, Spartanburg, SC 29301
      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.
    7801 Warren H Abernathy Hwy
    Spartanburg, SC 29301-2566
    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

    Thank You for Inquiry
    7801 Warren H Abernathy Hwy, Spartanburg, SC, 29301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!