Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    194 E Main St Spartanburg, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and office space with high traffic frontage.

    Type:RETAIL
    Property size:
    2,300 SF
    Lot size:
    0.07 Acres
    Added:
    Sep 23, 2024
    Days on Market:
    590
    Last Refresh:
    Apr 5 at 11:15 pm

    Property Features for 194 E Main St

    General Information

    Standard status
    Active
    Size
    2,300 SF
    Lot size
    0.07 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 194 E Main St Contact us

    We can help!

    Listing Contact
    Greyson Furnas, CCIM

    Listing agent Greyson Furnas, CCIM

    Listing office Colliers | Spartanburg

    Listing date Sep 23, 2024

    Source Moodyscre

    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 Colliers | Spartanburg

    Overview

    Main Street Retail Opportunity

    This property features approximately 20 feet of store frontage on Main Street. In the rear of the building, accessible via the Dunbar Street entrance, there is approximately 550 square feet of office space available. The property includes retail storefront windows. The location offers a brand opportunity with approximately 18,300 vehicles passing by per day via S. Church Street, according to 2024 data. The total property size is 2,300 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto Consultant llc Car Dealership TalleyFoto Studio Photography Service

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9287
    Latitude
    34.9506

    Nearby Similar for Lease

    • $20 SF/Yr

      Premier Medical Office Space Available

      Class A medical office space in Spartanburg's prime location.
      1650 Skylyn Drive, Spartanburg, South Carolina 29307
      View Details
    • Contact for pricing

      Restaurant Space in Drayton Mills

      Second-generation restaurant space in a historic mixed-use development.
      1802 Drayton Road Suite I, Spartanburg, SC 29307
      View Details
    • Contact for pricing

      Spartanburg Automotive Shop For Lease

      2,000 SF automotive shop or light industrial space available.
      51A Dexter Rd , Spartanburg , SC 29303
      View Details
    • $28 SF/Yr

      Historic Mill Office Space Available

      Creative office space in a vibrant mixed-use community.
      1802 Drayton Road, Suite 140B , Spartanburg, SC 29307
      View Details
    • $15 SF/Yr

      Spartanburg Storefront Retail/Office Space

      Renovated 2,046 SF retail/office space in downtown Spartanburg.
      512 E Main St, Spartanburg, SC 29302
      View Details
    • Contact for pricing

      6,000 SF Flex Building I-85

      Flex building with lay-down yard fronting I-85.
      50 Fairview Church Rd, Spartanburg, SC 29303
      View Details
    • $12 SF/Yr

      New Industrial Facility For Rent

      New industrial facility in Spartanburg's logistics hub, ideal for warehousing.
      470 Old Greenville Rd, Spartanburg, SC 29301
      View Details
    • $700/Mo

      Premier Office Suite For Rent

      Executive office suite in a premier location with ample natural light.
      1451 E Main St, Spartanburg, SC
      View Details
    • Contact for pricing

      Spartanburg Retail Suites For Lease

      Retail suites available in a high-traffic Spartanburg shopping center.
      2199 Southport Road, Spartanburg, SC 29302
      View Details
    • $9 SF/Yr

      Spartanburg Warehouse Space Available

      Warehouse space for lease with easy access to major routes.
      480 Old Greenville Rd, Spartanburg, SC 29301
      View Details
    • $22 SF/Yr

      Prime Retail Space on Main

      High-traffic retail suites in downtown Spartanburg with ample parking.
      435 E Main St, Spartanburg, SC
      View Details
    • $22 SF/Yr

      Retail Space with Highway Access

      4,500 SF retail space with flexible terms and visibility.
      2799 Reidville Rd, Spartanburg, SC
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office space with high traffic frontage.
    Where is this retail space located?
    The property is located at 194 E Main St Spartanburg, SC.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: High visibility location on Main Street.; Benefit from ±18,300 vehicles passing by per day (S. Church Street, 2024).; Retail storefront windows.
    (864) 316-8192 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Greyson Furnas, CCIM
    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
    194 E Main St, Spartanburg, SC
    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!