Two-Story Storefront
For Sale
$850,000
147 W Main Street, Duncan, SC 29334
Commercial/Industrial, Duncan, SC
Property Size3,552 SF
Lot Size0.21 Acres
Price / SF$239.30
Days on Market82
Property Features for 147 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Central Business District
Subdivision
024
Standard status
Active
APN
5-20-01-102.00
Lot size
0.21 Acres
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Flooring type
Tile, Linoleum, Wood
Listing Agency:
Nevaeh Realty, LLC
(864) 336-5307
Listed By:
Nikki Copeland
(864) 706-4911
Added: Jul 7
Changed: Sep 12
Last Checked: Sep 26 at 3:06PM
MLS# 1581331
Copyright © 2026 Greater Greenville Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story storefront property contains approximately 3552+/- sq Ft of commercial space in Duncan’s Central Business District. The ground floor includes a front area with one bathroom, a 3 bay sink, and a mop sink, while the rear portion adds two bathrooms. The upper level provides two additional bathrooms, a kitchen hood, another 3 bay sink, and a mop sink. Flooring includes linoleum, wood, and tile, with electric heating and public water service. Furniture and appliances are excluded from the sale.
Located at 147 W Main Street in downtown Duncan, the property includes a parking lot that may serve on-site parking or support additional commercial retail development. Buyers are responsible for verifying the stated building area.
Located at 147 W Main Street in downtown Duncan, the property includes a parking lot that may serve on-site parking or support additional commercial retail development. Buyers are responsible for verifying the stated building area.
Key Highlights
- Two‑story commercial building with 3552+/- sq Ft
- Central Business District zoning in downtown Duncan
- Kitchen hood, 3 bay sinks, and mop sinks on both levels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,931
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,398,620
$1.4M
Cap Rate 7%
$999,014
$999.0K
Cap Rate 9%
$777,011
$777.0K
Market Conditions
NOI Build-Up for 3,552 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$109.1K $30.72/SF
− Vacancy
−$15.9K −$4.47/SF
EGI
$93.2K $26.25/SF
− OpEx
−$23.3K −$6.56/SF
NOI
$69.9K $19.69/SF
Area
Spartanburg County, SC
Vacancy
14.55%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,398,620
Cap Rate 7%
$999,014
Cap Rate 9%
$777,011
Alternative Uses
Best Use
Specialty Retail
$999.0K
$874.1K – $1.17M
NOI $69,931 @ 7.0% cap · market cap 8.23%
Second Best
Retail
$583.7K
$510.8K – $681.0K
NOI $40,861 @ 7.0% cap · market cap 4.81%
Theoretical Best
Warehouse
$2.76M
$2.41M – $3.22M
NOI $193,025 @ 7.0% cap · market cap 22.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
4,390 visits/mo
0.2 miles
Family Dollar
Shops & Services
3,799 visits/mo
0.2 miles
Demographics for 29334, SC
16,472
Population
7,424
Households
2.2
Avg Household Size
36
Median Age
34%
College-Educated
93%
High-School Grad
23.0 sq mi
ZIP Area
716
Density / Sq Mi
$76,595
Median Household Income
$46,990
Median Earnings
$1,221
Median Rent
$267,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carolyn's Florals and Baskets — 105 Hughes St, Duncan, SC 29334
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown commercial building with multiple restrooms, food-service plumbing, and a flexible parking or redevelopment area.
Where is this storefront property located?
The property is located at 147 W Main Street Duncan, SC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑story commercial building with 3552+/- sq Ft; Central Business District zoning in downtown Duncan; Kitchen hood, 3 bay sinks, and mop sinks on both levels
