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

    Warren H Abernathy Hwy Spartanburg, SC 29301

    • Sports & entertainment properties
    • 4,713 SF
    • 16.87 lot acres
    OFF-MARKET
    Last Sale
    Aug 26, 2024
    Value Estimations
    $745,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2244711
    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

    • Sports & entertainment properties

    Property Details for Warren H Abernathy Hwy

    Year built
    2022
    Lot size
    16.87 lot acres
    Property size
    4,713 SF
    Property type
    Sports & entertainment properties
    APN
    6-2000-00100
    APU
    6200000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0257
    Latitude
    34.94
    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
    $967,304
    $83,735
    $2,644,627
    $2,728,362
    -
    $1,511,600
    $44,078,400
    $45,590,000

    Comparable in this City

    • Value Estimation
      $6,190,000
      2,243 SF

      7 Thomas Oaks Dr

      RECREATIONAL, ENTERTAINMENT • 2,243 SF
      7 Thomas Oaks Dr, Spartanburg, SC 29301-5258
      View Details
    • Value Estimation
      $3,400,000
      69.81 Acres

      191 White Star Pt

      RECREATIONAL, ENTERTAINMENT • 69.81 Acres
      191 White Star Pt, Spartanburg, SC 29301-5209
      View Details
    • Value Estimation
      $31,185,000
      3,446 SF

      2970 Reidville Rd

      RECREATIONAL, ENTERTAINMENT • 3,446 SF
      2970 Reidville Rd, Spartanburg, SC 29301-5634
      View Details
    • Value Estimation
      $1,040,000
      4,920 SF

      100 Keats Dr

      RECREATIONAL, ENTERTAINMENT • 4,920 SF
      100 Keats Dr, Spartanburg, SC 29301-4917
      View Details
    • Value Estimation by Request
      19,099 SF

      501 Willis Rd

      RECREATIONAL, ENTERTAINMENT • 19,099 SF
      501 Willis Rd, Spartanburg, SC 29301-5321
      View Details
    • Value Estimation by Request
      1,644 SF

      101 Willow Xing Ln

      RECREATIONAL, ENTERTAINMENT • 1,644 SF
      101 Willow Xing Ln, Spartanburg, SC 29301-3910
      View Details

    Similar Nearby for Sale

    • $225,000

      Undeveloped Land in Clevedale Park

      1.36-acre parcel zoned for commercial development or industrial outdoor storage.
      9143 Warren H Abernathy Hwy, Spartanburg, SC 29301
      View Details
    • $1,126,500

      Reidville Road Land For Sale

      7.51 acres with frontage on Reidville Road.
      3262 Reidville Rd, Spartanburg, SC 29301
      View Details
    • $150,000
      3,500 SF

      Professional Office/Medical Pads For Sale

      Two office/medical pads with utilities, parking, and infrastructure included.
      108 Burton St, Spartanburg, SC 29301
      View Details
    • $995,000
      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
    • $1,150,000

      Fairforest Road Land Parcel

      62,726 SF land parcel with utilities available for purchase.
      9001 Fairforest Rd, Spartanburg, SC 29301
      View Details
    • $1,750,000
      26,000 SF

      Industrial Warehouse in Spartanburg

      26,000 SF industrial warehouse available for sale.
      4012 N Blackstock Rd, Spartanburg, SC 29301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,452 SF

      Reidville Road Office Space

      West Spartanburg commercial property, three suites available.
      2932 Reidville Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      112,320 SF

      Crossroads Logistics Park - Bldg 02

      Spartanburg, SC Industrial Space For Lease
      161 Int'l Park Dr, Spartanburg, SC 29301
      View Details
    • $16 SF/Yr
      5,461 SF

      Westside Office/Medical Space Available

      5461± sq ft office/medical space for rent.
      225 E Blackstock Rd, Spartanburg, SC 29301
      View Details
    • $19 SF/Yr
      3,600 SF

      Spartanburg Office Space Available

      Office space available for rent in Spartanburg, SC.
      818 E Main St, Spartanburg, SC 29301
      View Details
    • $525,000
      2,450 SF

      Office Space on Blackstock Rd

      Office space with open floorplan, monument signage, and ample parking.
      296 E Blackstock Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Walmart Anchored Shopping Center Outparcel

      Outparcel available in a busy, Walmart-anchored shopping center.
      110 Dorman Commerce Dr, Spartanburg, SC 29301
      View Details
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    Spartanburg, SC 29301
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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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