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Property profile & analytics
OFF-MARKET
Estimated value
$14,595,000
Turn key restaurants
822 Congaree Rd Greenville, SC 29607-3522
Entity Owned
6-yr Hold
Free & Clear
Property ID
US77-1932404
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Lot
9.1 ac (396,396 SF)
Zoning code
S1
APN
0545.01-01-008.00
UPID
US77-1932404
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
-
Greenville Packer Backers Sports Field & Court Gym & Fitness Center
-
Spare Time Greenville Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.60M
Owner & transaction history
Vereit Real Estate LP · 6 yrs held
Vereit Real Estate LP
since 2020
Last sale
$14.7M
7 recorded transactions
Zoning & alternative use
S1 · Greenville, SC
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 Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville 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
$17,470,000
ML approach
$11,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.60M
Range $13.14M – $16.05M · ±10% · vs last sale $14.70M (May 15 2020)
Last sale anchor
$14.70M
May 15 2020
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
—
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
$200,445
Tax year 2023
Assessed value
$542,700
Assessed 2023
Previous assessed
$542,700
+0.0% YoY
Effective rate
36.93%
On assessed value
Assessed land
$130,200
Assessed improvement
$412,500
Land market value
$2,170,000
Improvement market value
$6,874,930
Total market value
$9,044,930
Applied tax rate
500.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
YES
Lot
9.1 ac (396,396 SF)
Zoning code
S1
APN
0545.01-01-008.00
UPID
US77-1932404
Jurisdiction
GREENVILLE
Zoning & alternative use
S1 · Greenville, SC
Zoning S1 · permitted uses
S1 · Greenville, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
YES
Lot
9.1 ac
Current owner
From public records · entity-resolved
Vereit Real Estate LP
Entity
Free & Clear · 6 yrs held
Mailing address
506 HERCULES DR, COLCHESTER, VT 05446-5837
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2020
$14,704,054
Vereit Real Estate LP
Gdl Trust
Correction Deed
—
Nov 25, 2019
$14,704,054
Vereit Real Estate
Gdl Trust
Grant Deed
—
Aug 3, 2017
—
The Gdl Trust
—
Deed
related
$90,000,000 · Citizens Bank NA
Jan 19, 2017
$1,200,000
Gdl Trust
Alexander Sara B
Grant Deed
—
Jan 19, 2017
—
Gdl Trust
Alexander John O
Quit Claim Deed
related
—
May 10, 2010
—
Sara B Alexander
Alexander Sara B
Quit Claim Deed
—
Dec 20, 2007
—
Sara B Alexander
Alexander,john O
Quit Claim Deed
related
—
Nov 21, 2006
—
Sara B Alexander
Alexander,john O
Quit Claim Deed
related
—
Dec 8, 2005
$10
Sara B Alexander
Alexander,john O
Grant Deed
related
—
Dec 7, 2004
$10
Sara B Alexander
Alexander,john O
Grant Deed
related
—
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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