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 Market46
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
Linoleum, Wood, Tile
Listing Agency:
Nevaeh Realty, LLC
(864) 336-5307
Listed By:
Nikki Copeland
(864) 706-4911
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 21 at 7:06PM
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 3552+/- sq Ft of commercial space. The first floor includes a front area with one bathroom, a three-bay sink, and a mop sink, along with two additional bathrooms toward the rear. The upper level provides two bathrooms and a kitchen equipped with a hood, three-bay sink, and mop sink. Wood, linoleum, and tile flooring are present, and electric heating serves the building. Furniture and appliances are excluded from the sale.
The property sits on a 0.21-acre lot along W Main Street in downtown Duncan and carries Central Business District zoning. A parking lot provides parking and may also be developed for additional commercial retail space. Public water service is available.
The property sits on a 0.21-acre lot along W Main Street in downtown Duncan and carries Central Business District zoning. A parking lot provides parking and may also be developed for additional commercial retail space. Public water service is available.
Key Highlights
- 3552+/- sq Ft two‑story commercial building
- Central Business District zoning in downtown Duncan
- Front and rear first‑floor areas with three bathrooms total
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
$40,861
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
4.81%
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%
$817,220
$817.2K
Cap Rate 7%
$583,729
$583.7K
Cap Rate 9%
$454,011
$454.0K
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
$63.9K $18.00/SF
− Vacancy
−$5.6K −$1.57/SF
EGI
$58.4K $16.43/SF
− OpEx
−$17.5K −$4.93/SF
NOI
$40.9K $11.50/SF
Area
Spartanburg County, SC
Vacancy
8.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$817,220
Cap Rate 7%
$583,729
Cap Rate 9%
$454,011
Alternative Uses
Best Use
Retail
$583.7K
$510.8K – $681.0K
NOI $40,861 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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 - Located in the Central Business District with public water service and downtown Main Street exposure.
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: 3552+/- sq Ft two‑story commercial building; Central Business District zoning in downtown Duncan; Front and rear first‑floor areas with three bathrooms total
