Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    80 Medical Ctr Dr Woodruff, SC 29388-8781

    • Assisted living facilities
    • 24,750 SF
    • 5.20 lot acres
    OFF-MARKET
    Last Sale
    Aug 05, 2022
    $3,400,000
    Value Estimations
    $2,925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2952820
    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

    • Montrose Manner / Assisted Living Facility
    • Brookstone Terrace of Woodruff / Assisted Living Facility

    Property Details for 80 Medical Ctr Dr

    Year built
    2006
    Lot size
    5.20 lot acres
    Property size
    24,750 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    4-2600-01501
    APU
    4260001501

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,275,000
      ML approach
      $2,625,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,355,000
      APARTMENT HOUSE (5+ UNITS)
      $2,315,000
      RESTAURANT
      $2,200,000
      AUTO REPAIR, GARAGE
      $1,880,000
      COMMERCIAL (GENERAL)
      $1,815,000
      RETAIL STORES
      $1,790,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodruff
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0232
    Latitude
    34.7472
    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
    $50,144
    $14,340
    $96,450
    $110,790
    -
    $239,000
    $1,607,500
    $1,846,500

    Comparable in this City

    • Value Estimation by Request
      5,096 SF

      100 Medical Ctr Dr

      MEDICAL BUILDING • 5,096 SF
      100 Medical Ctr Dr, Woodruff, SC 29388-8704
      View Details
    • Value Estimation by Request
      1,164 SF

      416 Main St

      MEDICAL BUILDING • 1,164 SF
      416 Main St, Woodruff, SC 29388-2117
      View Details
    • Value Estimation
      $730,000
      7,034 SF

      251 Hayne St

      MEDICAL BUILDING • 7,034 SF
      251 Hayne St, Woodruff, SC 29388-1921
      View Details
    • Value Estimation by Request
      1,942 SF

      363 Georgia St

      MEDICAL BUILDING • 1,942 SF
      363 Georgia St, Woodruff, SC 29388-1913
      View Details
    • Value Estimation by Request
      1,927 SF

      420 Main St

      MEDICAL BUILDING • 1,927 SF
      420 Main St, Woodruff, SC 29388-2117
      View Details
    • Value Estimation by Request
      19.41 Acres

      Westmoreland Rd

      MEDICAL BUILDING • 19.41 Acres
      Westmoreland Rd, Greer, SC 29388
      View Details

    Similar Nearby for Sale

    • $399,000
      0.26 Acres

      Main Street Woodruff Commercial Property

      Historic Home, Perfect for Business
      577 Main St, Woodruff, SC 29388
      View Details
    • $110,000
      0.40 Acres

      Woodruff Multifamily Land Opportunity

      0.4-Acre Corner Lot, Prime Location
      Woodruff, SC 29388
      View Details
    • $2,800,000
      30.00 Acres

      30 Acre Commercial Land, Woodruff

      30 acre commercial land parcel in Woodruff, South Carolina.
      228 Varner Rd, Woodruff, SC 29388
      View Details
    • $1,844,500
      21.95 Acres

      Prime Acreage in Booming Reidville

      21.95 acres in a prime, rapidly developing location.
      S Hammett Rd, Woodruff, SC 29388
      View Details
    • $789,000
      3.50 Acres

      Highway 417 Commercial Development Site

      3.5-acre Woodruff property near BMW plant with development potential.
      3759 Highway 417, Woodruff, SC 29388
      View Details
    • $2,300,000
      5.20 Acres

      Prime 5-Acre Investment Opportunity

      Exceptional visibility and access in a rapidly growing region.
      4819 Highway 101, Woodruff, SC 29388
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Woodruff, SC

      Corner retail site ideal for c-store or other retail.
      Woodruff, SC 29388
      View Details
    • $26 SF/Yr
      22,400 SF

      New Retail Development Near Schools

      Retail space for lease in new Woodruff development.
      1025 Cross Anchor Rd, Woodruff, SC 29388
      View Details
    • $11 SF/Yr
      2,625 SF

      Woodruff Church: Lease Opportunity

      Spacious former church, prime location, lease now.
      270 South St, Woodruff, SC 29388
      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.
    80 Medical Ctr Dr
    Woodruff, SC 29388-8781
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.