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

    132 Main St Duncan, SC 29334-9368

    • Retail space
    • 4,060 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Jan 09, 2023
    $200,000
    Value Estimations
    $150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0636562
    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

    • Ariel McLanahan - State Farm Insurance Agent / Insurance Agency
    • Scott Construction Services / General Contractor

    Property Details for 132 Main St

    Year built
    1923
    Lot size
    0.19 lot acres
    Property size
    4,060 SF
    Property type
    Retail space
    APN
    5-2001-04501
    APU
    5200104501

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $145,000
      ML approach
      $85,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $162,000
      Market price range: $162k - $526k
      AI Estimate
      $136,000
      Market price range: $137k - $634k

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncan
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.1421
    Latitude
    34.9382
    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
    $2,548
    $6,000
    $84
    $6,084
    -
    $100,000
    $1,400
    $101,400

    Comparable in this City

    • Value Estimation by Request
      812 SF

      901 Main St

      RETAIL STORES (PERSONAL SERVICES) • 812 SF
      901 Main St, Duncan, SC 29334-9134
      View Details
    • Value Estimation
      $160,000
      3,965 SF

      2098 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,965 SF
      2098 Main St, Duncan, SC 29334-9405
      View Details
    • Value Estimation
      $265,000
      1,440 SF

      404 Berry Shls Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      404 Berry Shls Rd, Duncan, SC 29334-9429
      View Details
    • Value Estimation
      $1,180,000
      9,180 SF

      166 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,180 SF
      166 Main St, Duncan, SC 29334
      View Details
    • Value Estimation
      $105,000
      589 SF

      105 School St

      RETAIL STORES (PERSONAL SERVICES) • 589 SF
      105 School St, Duncan, SC 29334-9307
      View Details
    • Value Estimation
      $110,000
      680 SF

      108 Spartanburg Rd

      RETAIL STORES (PERSONAL SERVICES) • 680 SF
      108 Spartanburg Rd, Duncan, SC 29334-9386
      View Details

    Similar Nearby for Sale

    • $2,600,000
      2.19 Acres

      Prime Duncan Commercial Land

      2.19 Acres, I-85 Visibility
      30 Freeman Farm Rd, Duncan, SC 29334
      View Details
    • $1,800,000
      18.45 Acres

      Prime Duncan Development Land

      18.45 Acres, Multi-Use Potential
      350 Robin Lake Rd, Duncan, SC 29334
      View Details
    • Contact for pricing

      Land Available Near I-85

      2.64 acres for build-to-suit or ground lease near I-85.
      6 Tyger River Dr, Duncan, SC 29334
      View Details
    • $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
    • New
      $210,000
      1.66 Acres

      Lakefront Residential Lot in Duncan

      1.66-acre lot with lake frontage ideal for residential use.
      Berry Shoals Rd, Duncan, SC 29334
      View Details
    • $54,900
      0.75 Acres

      Residential Lots Near BMW

      Three side-by-side residential lots near BMW and Inland Port.
      163 Rockingham Rd, Duncan, SC 29334
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      9,952 SF

      HWY 290 Retail Space Available

      Duncan, SC Retail/Office Opportunity
      1723 Main St, Duncan, SC 29334
      View Details
    • $5 SF/Yr
      307,840 SF

      Duncan Industrial Space Available

      307,840 SF industrial space for lease in Duncan, SC.
      1375 Howell Rd, Duncan, SC 29334
      View Details
    • Contact for pricing

      Land Outparcel Near College Campus

      Outparcel available near Spartanburg Community College's Tyger River Campus.
      1915 E Main St, Duncan, SC 29334
      View Details
    • $12 SF/Yr
      13 SF

      Flex Space in Duncan, SC

      Flex space available for lease in Duncan, South Carolina.
      160 Congress Blvd, Duncan, SC 29334
      View Details
    • Contact for pricing
      60,000 SF

      Industrial Warehouse Space Available

      60000 sqft warehouse/industrial space for rent.
      710 Duncan Reidville Rd, Duncan, SC 29334
      View Details
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    132 Main St
    Duncan, SC 29334-9368
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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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