Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hampton Ridge Townhome Apartments Title is generated by Realmo AI

    121 Lyman Ave, Duncan, SC 29334

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    54-unit multifamily community in Duncan, South Carolina.

    Type:Multifamily
    Lot size:
    8.00 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 5:13 am

    Property Features for 121 Lyman Ave

    General Information

    Standard status
    Active
    Lot size
    8.00 Acres
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Drew Babcock, CCIM

    Listing agent Drew Babcock, CCIM License #SC: 39872

    Listing office Columbia Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Columbia Office

    HighLights

    • 54‑unit townhome‑style multifamily community.
    • Strategically located between Greenville and Spartanburg with convenient access to Interstate 85 and SC Highway 290.
    • Low‑density townhome‑style design on approximately 8 acres.
    • Diverse unit mix including two-, three-, and four‑bedroom townhomes and one‑bedroom residences.
    • Proximity to Byrnes Elementary, Middle, and High Schools.
    • Located 10 minutes from downtown Greer, SC.

    Overview

    Hampton Ridge Apartments is a 54-unit townhome-style multifamily community in Duncan, South Carolina. The property is strategically positioned between Greenville and Spartanburg, offering residents convenient access to Interstate 85 and SC Highway 290. This provides connectivity throughout the Greenville–Spartanburg corridor. The property benefits from proximity to Byrnes Elementary, Middle, and High Schools, a local fine arts center, regional retail at Oakdale Center, and is just 10 minutes from downtown Greer, SC. Hampton Ridge features a low-density townhome-style design situated on approximately 8 acres. The community consists of 48 two-, three-, and four-bedroom townhome units, complemented by six single-story one-bedroom residences, offering a diverse unit mix.
    Location Intelligence

    Current Use by Public Records

    Hampton Ridge Apartments Apartment Building The Perfect Move SC Moving Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncan
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.131764
    Latitude
    34.930387

    Nearby Similar for Sale

    • $1,200,000
      3,552 SF

      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
    • $575,000

      Renovated Quadplex in Duncan, SC

      Updated quadplex with stainless steel appliances and granite countertops.
      211 Brookside Drive, 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
    • $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
    • $7,900,000
      2,200 SF

      Retail Space on E Main

      Retail space available on high-traffic E Main Street.
      700 E Main St, Duncan, SC
      View Details
    • $575,000
      3,600 SF

      Renovated Quadplex Near I-85

      Updated quadplex with stainless steel appliances and granite countertops.
      211 Brookside Drive, Duncan, SC 29334
      View Details
    • $8,628,000
      4,824 SF

      7-Eleven NNN Lease Investment

      New 15-year NNN lease with rental increases.
      12505 E Wade Hampton Blvd, Duncan, SC 29651
      View Details
    • $13,200,000
      44,000 SF

      Office Building on 25+ Acres

      44,000 SF office building on approximately 25.8 acres.
      310 Inglesby Pkwy, Duncan, SC
      View Details
    • $1,350,000
      4,800 SF

      Industrial

      190 Mcaulay Rd, Duncan, SC 29334
      View Details
    • Contact for pricing
      184,140 SF

      Greer Warehouse/Industrial Property

      184,140 SF warehouse/industrial property in Greer, South Carolina.
      1120 Woods Chapel Rd, Greer, SC
      View Details
    • $1,800,000
      5,000 SF

      Turnkey Tractor Trailer Painting Facility

      Turnkey painting facility with outdoor storage in Duncan, South Carolina.
      1384 Victor Hill Rd, Duncan, SC 29334
      View Details

    FAQs

    What type of property is this?
    Apartment building - 54-unit multifamily community in Duncan, South Carolina.
    Where is this apartment building located?
    The property is located at 121 Lyman Ave Duncan, SC.
    What are key features of this property?
    This property features: 54‑unit townhome‑style multifamily community.; Strategically located between Greenville and Spartanburg with convenient access to Interstate 85 and SC Highway 290.; Low‑density townhome‑style design on approximately 8 acres.
    (803) 678-4921
    We can help!
    Listing Contact
    Drew Babcock, CCIM
    Real Estate License ID: SC: 39872
    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
    121 Lyman Ave, Duncan, SC 29334
    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!