Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Duncan Development Site Opportunity Title is generated by Realmo AI

    2199 East Main Street, Duncan, SC 29307

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    16.7 AC development site in growing Duncan, SC market.

    Type:Land
    Property size:
    16 SF
    Price / SF:
    $75,000/SF
    Added:
    Nov 21, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 6 at 12:13 am

    Property Features for 2199 East Main Street

    General Information

    Standard status
    Active
    Size
    16 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Daniel Holloway
    Daniel Holloway

    Listing agent Daniel Holloway License #SC #106855

    Listing office SVN Palmetto

    Listing date Nov 21, 2025

    Source Svn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SVN Palmetto

    HighLights

    • Ideal for multifamily or townhome development.
    • Located directly behind a Publix‑anchored shopping center.
    • Located off Hwy. 290 and Reidville Rd. in the growing Duncan, SC market.
    • ±16.7 AC development site.
    • Utilities at or near the property.
    • Unzoned - Spartanburg County.

    Overview

    This 16.7-acre development site is located in Duncan, South Carolina, near the intersection of East Main Street (Hwy 290) and Reidville Road. Situated directly behind a Publix-anchored shopping center, the property is conveniently located near retail shops, restaurants, and large area employers. The site is ideal for apartments or townhomes but could be used for other purposes as well. The property offers a strategic investment opportunity in a thriving community with easy access to major highways and a prime position within the rapidly expanding Greenville-Spartanburg area. Nearby is the bustling business district of downtown Duncan, along with a variety of amenities and services that cater to a professional workforce. The area is also surrounded by picturesque natural landscapes, including nearby parks and outdoor recreational activities. Utilities are at or near the property. The site is unzoned in Spartanburg County. There is potential for shared stormwater detention with the shopping center, but capacity will need to be verified.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Duncan
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0925
    Latitude
    34.8982

    Nearby Similar for Sale

    • $850,000

      Duncan SC Commercial Site Available

      5.5 acre commercial site in a high-growth industrial corridor.
      215 Leonard Road, Duncan, SC 29334
      View Details
    • $1,200,000

      Downtown Duncan Commercial Building For Sale

      Two-story commercial building in the heart of downtown Duncan.
      147 W Main Street, Duncan, SC 29334
      View Details
    • $824,000

      Duncan Acreage: Development Opportunity

      5.71 acre tract ideal for residential, commercial, or industrial development.
      201 Old Jones Rd., Duncan, SC 29334-9209
      View Details
    • $575,000

      Renovated Quadplex - Duncan, SC

      Renovated quadplex with stainless steel appliances and granite countertops.
      211 Brookside Drive, Duncan, SC 29334
      View Details
    • $150,000
      2,732 SF

      Commercial Land with Existing Structures

      Commercial land with structures in Duncan, SC. Sold as-is.
      381 Gap Creek Road, Duncan, SC 29334
      View Details
    • $299,000

      Residential Lot in Duncan, SC

      0.68-acre lot ideal for residential, business, or investment.
      124 Apple Valley Road, Duncan, SC 29334
      View Details
    • $119,900

      River Falls Corner Homesite

      Residential lot in River Falls Plantation with resort-style amenities.
      602 Mount Vernon Lane, Duncan, SC 29301
      View Details
    • $110,000

      Residential Lot with Lake Views

      Two lots totaling 0.49 acres with lake views.
      436 Berry Shoals Road, Duncan, SC 29334
      View Details
    • $1,800,000
      5,000 SF

      Turnkey Tractor Trailer Painting Facility

      Turnkey painting facility with outdoor storage in growing industrial area.
      1384 Victor Hill Rd, Duncan, SC 29334
      View Details
    • $75,000

      Residential Lot in Duncan, SC

      1.95-acre wooded lot near Duncan, SC with creek.
      Berry Shoals Road, Duncan, SC 29334
      View Details
    • $199,900

      Lakefront Residential Lot For Sale

      1.66-acre lot with direct water frontage on private lake.
      0 Berry Shoals Road, Duncan, SC 29334
      View Details
    • $365,000
      2,000 SF

      Versatile Commercial Building Near I-85

      2,000 sq ft commercial building with office and warehouse space.
      1155 Rogers Bridge Road, Duncan, SC 29334
      View Details

    FAQs

    What type of property is this?
    Land - 16.7 AC development site in growing Duncan, SC market.
    Where is this land located?
    The property is located at 2199 East Main Street Duncan, SC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Ideal for multifamily or townhome development.; Located directly behind a Publix‑anchored shopping center.; Located off Hwy. 290 and Reidville Rd. in the growing Duncan, SC market.
    (864) 637-9302
    We can help!
    Listing Contact
    Daniel Holloway
    Daniel Holloway
    Real Estate License ID: SC #106855
    Learn More
    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.
    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
    2199 East Main Street, Duncan, SC 29307
    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!