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

    1628 Main St Duncan, SC 29334-9706

    • Community centers
    • 3,652 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    Apr 05, 2021
    $1,645,735
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1014003
    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

    • Vital Vapers LLC / Vaporizer Store
    • Mod Toolz / Store

    Property Details for 1628 Main St

    Year built
    2007
    Construction
    METAL FRAME
    Lot size
    0.59 lot acres
    Property size
    3,652 SF
    Property type
    Community centers
    APN
    5-2600-00200
    APU
    5260000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncan
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0994
    Latitude
    34.9054
    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
    $13,025
    $8,331
    $29,709
    $38,040
    -
    $174,700
    $623,000
    $797,700

    Comparable in this City

    • Value Estimation
      $2,410,000
      6,790 SF

      1650 Main St

      MINI-MALL • 6,790 SF
      1650 Main St, Duncan, SC 29334-9706
      View Details
    • Value Estimation by Request
      6,324 SF

      1580 Main St

      MINI-MALL • 6,324 SF
      1580 Main St, Duncan, SC 29334-9702
      View Details
    • Value Estimation
      $2,850,000
      3,850 SF

      700 Main St

      MINI-MALL • 3,850 SF
      700 Main St, Duncan, SC 29334-9149
      View Details
    • Value Estimation
      $1,020,000
      8,000 SF

      2105 Main St

      MINI-MALL • 8,000 SF
      2105 Main St, Duncan, SC 29334-9212
      View Details
    • Value Estimation by Request
      4,865 SF

      1660 Main St

      MINI-MALL • 4,865 SF
      1660 Main St, Duncan, SC 29334-9706
      View Details
    • Value Estimation by Request
      5,152 SF

      1634 Main St

      MINI-MALL • 5,152 SF
      1634 Main St, Duncan, SC 29334-9706
      View Details

    Similar Nearby for Sale

    • $295,000
      3.80 Acres

      Duncan, SC Commercial Land

      3.8 Acres, Prime Development Site
      0 3.8 Library Ln, Duncan, SC 29334
      View Details
    • $1,350,000
      36.00 Acres

      Prime Duncan, SC Commercial Land

      36 Acres, $1.35M, High-Growth Area
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    • $3,500,000

      Duncan Land with Road Frontage

      10.708 acres with utilities and high traffic access.
      200 Rogers Bridge Rd, Duncan, SC 29334
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    • $119,000

      Land for Sale in Duncan

      Land with pond in growing Duncan, South Carolina.
      313 Tucapau Rd, Duncan, SC 29334
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    • $49,979
      0.74 Acres

      Residential Lots Near BMW

      Three side-by-side residential lots near BMW and Inland Port.
      167 Rockingham Rd, Duncan, SC 29334
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    • New
      $69,900
      0.66 Acres

      Residential Lot in River Falls

      0.66 acre residential lot in River Falls Community.
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    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
    • Contact for pricing

      Retail Space on East Main

      Retail property available for lease on East Main Street.
      2153 East Main St, Duncan, SC 29334
      View Details
    • $40 SF/Yr
      9,850 SF

      Highway 290 Retail Development Space

      Retail/office space in growing Duncan market near Highway 290.
      1723 East Main St, Duncan, SC 29334
      View Details
    • Contact for pricing
      12,000 SF

      Danzler Road Industrial Warehouses

      Two new 12,000 SF warehouses in Duncan, SC
      0 Danzler Rd, Duncan, SC 29334
      View Details
    • Contact for pricing
      25,000 SF

      Duncan Hwy 101 Flex Industrial Space

      Modern Flex/Industrial Space in Duncan, SC
      & SC-101 Plemmons Rd, Duncan, SC 29334
      View Details
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    Duncan, SC 29334-9706
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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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