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    Property profile & analytics

    2 Groce Rd Lyman, SC 29365

    • Office buildings
    • 352 SF
    • 0.82 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Location Intelligence
    Property ID
    US77-0875921
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • HODGE AUTO SALES - Used Cars - Lyman SC Dealer / Car Dealer

    Property Details for 2 Groce Rd

    Year built
    1956
    Construction
    CONCRETE BLOCKS
    Lot size
    0.82 lot acres
    Property size
    352 SF
    Property type
    Office buildings
    APN
    5-1507-09000
    APU
    5150709000

    Description

    This exceptional 1.9-acre commercial property presents a rare opportunity in the thriving Lyman, SC market. Situated at the last remaining prime intersection along Highway 29, this 1.09-acre corner lot at the intersection of Highway 29 and Groce Road benefits from an average daily traffic count of 37,500 vehicles. Its strategic location between Greer and downtown Spartanburg, coupled with Lyman's significant residential growth and proximity to Interstate 85, makes it an ideal site for a variety of businesses. The City of Lyman will donate a .27-acre right-of-way to the developer upon closing, further enhancing the property's value and development potential. This high-visibility location is perfect for businesses seeking maximum exposure, such as fast-food restaurants, oil change facilities, or dental offices. The property is priced competitively at $350,000, offering a compelling investment opportunity in a rapidly expanding area. Don't miss this chance to secure a prime commercial location in one of South Carolina's most dynamic markets. The property is zoned for general commercial use.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $160,000
      6.5%
      $170,000
      7%
      $145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $145,000
      Geo Method
      $160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $155,000
      Retail
      $165,000
      Mixed-Use
      $170,000
      Hospitality
      $150,000
      Educational
      $155,000
      Residential Income
      $160,000
      Energy
      $160,000
      Income-Based Land
      $175,000
      Food Service
      $130,000

    Location Insight

    • Map
    • Local Demand
    City
    Lyman
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.1249
    Latitude
    34.9551
    CBSA code
    43900
    CBSA name
    SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,320
    $10,200
    $396
    $10,596
    -
    $170,000
    $6,600
    $176,600

    Comparable in this City

    • Value Estimation by Request

      Community St

      PROFESSIONAL BUILDING
      Community St, Lyman, SC 29365
      View Details
    • Value Estimation by Request
      0.64 Acres

      34 Pacific St

      PROFESSIONAL BUILDING • 0.64 Acres
      34 Pacific St, Lyman, SC 29365-1723
      View Details
    • Value Estimation by Request
      2,400 SF

      12480 Greenville Hwy

      OFFICE BUILDING • 2,400 SF
      12480 Greenville Hwy, Lyman, SC 29365-1228
      View Details
    • Value Estimation
      $365,000
      1,586 SF

      12200 Greenville Hwy

      OFFICE BUILDING • 1,586 SF
      12200 Greenville Hwy, Lyman, SC 29365-1514
      View Details
    • Value Estimation
      $185,000
      4,900 SF

      Pacific St

      PROFESSIONAL BUILDING • 4,900 SF
      Pacific St, Lyman, SC 29365
      View Details
    • Value Estimation
      $135,000
      672 SF

      133 Spartanburg Hwy

      OFFICE BUILDING • 672 SF
      133 Spartanburg Hwy, Lyman, SC 29365-1601
      View Details

    Similar Nearby for Sale

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      Lyman Office Building For Sale

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      Beautiful 0.7-acre residential lot with lake views in Lyman, SC.
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      Residential Lot in Lyman, SC

      0.70-acre lot in Lyman, SC, no HOA.
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      Lyman Commercial Corner Lot

      High-traffic location, development ready.
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    Similar Nearby for Lease

    • $8 SF/Yr
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      Lyman Retail Space - 16,000 SF

      High-visibility retail building, Hwy 29, SC.
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      Retail Space in Duncan, SC

      Retail property for lease in a high-traffic area.
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      449,000 SF industrial space for sublease near I-85.
      101 Groce Rd, Lyman, SC 29365
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    2 Groce Rd
    Lyman, SC 29365
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    Realmo Value Estimation

    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.

    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.

    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
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