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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    930 Pne St Spartanburg, SC 29302-3311

    • Office buildings
    • 11,526 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-3039083
    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

    • Paul T. McChesney / Social Security Attorney / Attorney
    • McChesney & Ours, P.C. / Social Security Attorney / Attorney

    Property Details for 930 Pne St

    Year built
    2002
    Construction
    BRICK
    Lot size
    0.58 lot acres
    Property size
    11,526 SF
    Property type
    Office buildings
    APN
    7-1701-04800
    APU
    7170104800

    Description

    This exceptional 4,000 square foot Class B office space, located at 930 S Pine St in Spartanburg, South Carolina, presents a fantastic opportunity for businesses seeking a prominent location. The suite boasts 17 private offices, ample storage rooms, and three restrooms, complemented by large open areas perfect for collaborative work. Professionally finished, this second-floor space offers high visibility from its location on South Pine Street, enhanced by a prominent monument sign. The property features abundant onsite parking, a significant advantage for employees and clients. This location is highly convenient, situated just minutes from downtown Spartanburg and directly on the Mary Black Rail Trail, offering employees access to recreational opportunities. The asking lease rate is $12 per square foot, gross. The landlord is flexible and open to subdividing the space to accommodate single or multi-tenant users, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 4,000 square feet. The total building size is 5,629 square feet. This property represents a unique blend of convenience, visibility, and functionality, making it an ideal choice for discerning businesses seeking a high-quality office environment in a thriving South Carolina community. The zip code is 29302.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $676,000
      Market price range: $677k - $1.50M
      AI Estimate
      $575,000
      Market price range: $576k - $1.27M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9015
    Latitude
    34.9373
    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
    $18,474
    $6,303
    $32,137
    $38,440
    -
    $105,300
    $536,900
    $642,200

    Comparable in this City

    • Value Estimation by Request
      3,526 SF

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      OFFICE BUILDING • 3,526 SF
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      3,018 SF

      800 Main St

      OFFICE BUILDING • 3,018 SF
      800 Main St, Spartanburg, SC 29302-2000
      View Details
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      2,146 SF

      708 Main St

      OFFICE BUILDING • 2,146 SF
      708 Main St, Spartanburg, SC 29302-1290
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    • Value Estimation by Request
      9,000 SF

      824 Main St

      OFFICE BUILDING • 9,000 SF
      824 Main St, Spartanburg, SC 29302-2000
      View Details
    • Value Estimation by Request
      2,400 SF

      615 Main St

      OFFICE BUILDING • 2,400 SF
      615 Main St, Spartanburg, SC 29302-1287
      View Details
    • Value Estimation
      $2,095,000
      18,202 SF

      338 Saint John St

      OFFICE BUILDING • 18,202 SF
      338 Saint John St, Spartanburg, SC 29302
      View Details

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    Similar Nearby for Lease

    • $15 SF/Yr
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      Spartanburg Office Building For Lease

      1800 SF Office, Prime Location
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      Remodeled Office Space Available

      Recently remodeled office space with ample parking and handicap access.
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    • Contact for pricing

      Office Space for Rent

      Office space available for rent in Spartanburg, SC.
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    • $7 SF/Yr
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      Warehouse/Office Space Available For Lease

      9,595 SF warehouse/office space with fenced laydown yard.
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      View Details
    • $12 SF/Yr
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      Renovated Office Space Available

      Shared, newly renovated office space for rent.
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      View Details
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    930 Pne St
    Spartanburg, SC 29302-3311
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    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
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