Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    320 Duncan Byp Union, SC 29379

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Union, SC Retail Center - Multiple Suites

    Lot size:
    45,728 SF

    Property Features for 320 Duncan Byp

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,728 SF
    Class
    B

    Building Details

    Buildings
    2
    Stories
    1

    Spaces For Lease

    at 320 Duncan Byp, Union, SC 29379 Contact us

    We can help!

    Listing Contact
    Casey Owens
    Casey Owens

    Listing Agency: Reliance Realty Advisors Listing Agent: Casey Owens

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

    Learn more

    Property Insight Report

    Overview

    Union Station, located at 320 N Duncan Bypass in Union, South Carolina (zip code 29379), presents a compelling retail investment opportunity. This Class B property comprises two single-story buildings totaling 45,728 square feet, offering a mix of office, medical, and service spaces. Currently, there are eight suites, with 3,600 square feet of vacant space available, divisible to a minimum of 1,200 square feet. The property is situated in the Union submarket of Union County and is conveniently located near Rice Ave. The zoning designation allows for commercial development, providing flexibility for future expansion or tenant diversification. This is a KJ's anchored shopping center with several existing small shop tenants, creating a vibrant and established retail environment. The property's location in Union, SC offers access to a strong local market and provides ample opportunity for growth. The available space is ideal for a variety of retail uses, making it an attractive option for businesses seeking a well-located and established retail presence. Interested parties should note that the property is zoned for commercial development within Union County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Union Nails & Spa Nail Salon China 1 Restaurant Primo Water Exchange Big Box & Wholesale Store First Choice Cash ... Loan Service Founders Federal Credit ... Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Union
    State
    South Carolina
    Longitude
    -81.639268496291
    Latitude
    34.717827899308

    Nearby Similar for Lease

    • $47 SF/Yr
      700,000 SF

      Union County Industrial Space

      700,000 SF Industrial Space Available
      129 Monarch Hwy, Union, SC 29379
      View Details
    • Contact for pricing

      Union, SC Commercial Space Available

      Commercial property available for rent in Union, South Carolina.
      403 N Duncan Byp, Union, SC 29379
      View Details
    • $12 SF/Yr
      5,535 SF

      Union, SC Retail Space for Lease

      Prime retail space, high traffic area.
      101 Boyce St, Union, SC 29379
      View Details

    FAQs

    What type of property is this?
    Retail property - Union, SC Retail Center - Multiple Suites
    Where is this retail property located?
    The property is located at 320 Duncan Byp Union, SC.
    What are key features of this property?
    This property features: Class B retail investment opportunity totaling 45,728 square feet in Union, SC.; Two single-story buildings with a mix of office, medical, and service spaces.; Eight suites currently occupied, with 3,600 square feet of divisible vacant space (minimum 1,200 sq ft).
    Request Owner's contact information
    320 Duncan Byp Union, SC 29379
    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.
    320 Duncan Byp
    Union, SC 29379
    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
    320 Duncan Byp Union, SC 29379
    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

    We can help!
    Listing Contact
    Casey Owens
    Casey Owens
    Real Estate License ID: 110999
    Learn more
    Google sign-in failed. Please try again or use another login method.