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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1185 Woods Chapel Rd Duncan, SC 29334-9233

    • Office buildings
    • 15,105 SF
    • 7.52 lot acres
    OFF-MARKET
    Last Sale
    Jul 31, 2023
    $4,100,000
    Value Estimations
    $2,980,000
    Show details
    Cap Rate Potential
    8.2%
    Office buildings
    Location Intelligence
    Property ID
    US77-1466818
    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

    • Shertech Laboratories / Manufacturer

    Property Details for 1185 Woods Chapel Rd

    Year built
    2005
    Construction
    BRICK
    Lot size
    7.52 lot acres
    Property size
    15,105 SF
    Property type
    Office buildings
    APN
    5-2400-14502
    APU
    5240014502

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,020,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,150,000
      6.5%
      $3,830,000
      7%
      $3,560,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,911,000
      Market price range: $808k - $3.22M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,570,000
      MEDICAL BUILDING
      $2,230,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Duncan
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.1617
    Latitude
    34.9123
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $425,000
      7,500 SF

      302 Main St

      OFFICE BUILDING • 7,500 SF
      302 Main St, Duncan, SC 29334-9698
      View Details
    • Value Estimation
      $225,000
      2,624 SF

      210 Plemmons Rd

      OFFICE BUILDING • 2,624 SF
      210 Plemmons Rd, Duncan, SC 29334
      View Details
    • Value Estimation
      $275,000
      10,475 SF

      200 Rogers Brg Rd

      OFFICE BUILDING • 10,475 SF
      200 Rogers Brg Rd, Duncan, SC 29334-9549
      View Details
    • Value Estimation by Request
      10,659 SF

      1320 Howell Rd

      OFFICE BUILDING • 10,659 SF
      1320 Howell Rd, Duncan, SC 29334-8861
      View Details
    • Value Estimation
      $345,000
      9,284 SF

      1121 Duncan Reidville Rd

      OFFICE BUILDING • 9,284 SF
      1121 Duncan Reidville Rd, Duncan, SC 29334-9740
      View Details
    • Value Estimation
      $3,115,000
      44,924 SF

      310 Inglesby Pkwy

      OFFICE BUILDING • 44,924 SF
      310 Inglesby Pkwy, Duncan, SC 29334-9173
      View Details

    Similar Nearby for Sale

    • $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 29334
      View Details
    • $859,000
      2,240 SF

      Versatile Commercial Property with Warehouse

      2-acre commercial property featuring warehouse and office space.
      285 Gap Creek Rd, Duncan, SC 29334
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    • $695,000
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      High-Visibility Duncan Commercial Land

      10+ Acres, Prime Location, Investment Opportunity
      12942 Wade Hampton Blvd, Duncan, SC 29334
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    • $1,800,000
      5,000 SF

      Duncan, SC Warehouse - $1.8M

      Turnkey painting facility, great location.
      1384 Victor Hill Rd, Duncan, SC 29334
      View Details
    • $1,200,000
      1.00 Acre

      Prime Duncan Retail Land

      Pad-ready site, 1 acre, high traffic
      1721 Main St, Duncan, SC 29334
      View Details
    • $2,250,000
      38.24 Acres

      Duncan Industrial Land Opportunity

      38 Acres, Prime Development Site, I-85 Access
      256 Tucapau Rd, Duncan, SC 29334
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      51,914 SF

      Prime Duncan Office Building

      51,914 SF Office Space For Sale
      2153 E Main St Duncan, SC 29334, Duncan, SC 29334
      View Details
    • Contact for pricing
      9,952 SF

      HWY 290 Retail Space Available

      Duncan, SC Retail/Office Opportunity
      1723 Main St, Duncan, SC 29334
      View Details
    • Contact for pricing
      12,000 SF

      Industrial Outdoor Storage Opportunity

      New industrial development with warehouse and laydown yard for lease.
      Danzler Rd, Duncan, SC 29334
      View Details
    • Contact for pricing
      100,000 SF

      New Flex/Industrial Space Available

      New construction flex/industrial space with prime access to transport.
      552 Mayfield Rd, Duncan, SC 29334
      View Details
    • Contact for pricing
      284,300 SF

      Duncan Warehouse Space Available

      284,300 sqft warehouse space for rent in Duncan, SC.
      1240 Howell Rd, Duncan, SC 29334
      View Details
    • $15 SF/Yr
      2,200 SF

      Retail Space on E Main

      Retail space available on high-traffic E Main Street.
      700 E Main St, Duncan, SC 29334
      View Details
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    1185 Woods Chapel Rd
    Duncan, SC 29334-9233
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    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
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