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    166 Main St Duncan, SC 29334
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    Property profile & analytics

    166 Main St, Duncan, SC 29334

    View on Map
    • Retail space
    • 9,180 SF
    • 1.04 lot acres
    Off-Market
    Last Sale Sep 8, 2023
    $1,565,000
    Property ID
    US77-1030630
    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.
    Value Estimations
    $1,315,000
    Show details
    Cap Rate Potential
    9.2%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 166 Main St

    Year built
    2021
    Lot size
    1.04 lot acres
    Property type
    Retail space
    APN
    5-2001-02000
    APU
    5200102000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 15, 2024 — Remro LLC David H Perlman Quitclaim Deed · related —
    Sep 8, 2023 $1,565,000 David H Perlman Sp Fds LLC Limited Warranty Deed $715k · First Bank
    Sep 8, 2023 — David H Perlman Sp Fds LLC Quit Claim Deed · related —
    Sep 16, 2020 $74,250 Sp Fds LLC Rljoc Holdings Co LLC Grant Deed —
    Dec 19, 2017 — Department Of Transportation Rj Joc Holdings Co Lllc Grant Deed —
    Nov 16, 2011 — Rljoc Holdings Co LLC — Deed Of Trust · related $33.7M · Regions Bank
    Jul 1, 2011 — Rljoc Holdings Co LLC R L Jordan Oil Co Of Nc INC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,155,000
      ML approach
      $1,190,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,760,000
      6.5%
      $1,625,000
      7%
      $1,510,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $903,000
      Market price range: $367k - $1.19M
      AI Estimate
      $1,200,000
      Market price range: $310k - $1.43M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,170,000
      MEDICAL BUILDING
      $1,355,000
      OFFICE BUILDING
      $935,000
      COMMERCIAL (GENERAL)
      $795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncan
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.1461
    Latitude
    34.9388
    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
    $28,010
    $10,356
    $58,452
    $68,808
    -
    $172,600
    $974,200
    $1,146,800

    Comparable in this City

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      812 SF

      901 Main St

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      3,965 SF

      2098 Main St

      RETAIL STORES (PERSONAL SERVICES)
      2098 Main St, Duncan, SC 29334-9405
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    • Value Estimation by Request
      1,440 SF

      404 Berry Shls Rd

      RETAIL STORES (PERSONAL SERVICES)
      404 Berry Shls Rd, Duncan, SC 29334-9429
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      589 SF

      105 School St

      RETAIL STORES (PERSONAL SERVICES)
      105 School St, Duncan, SC 29334-9307
      View Details
    • Value Estimation by Request
      680 SF

      108 Spartanburg Rd

      RETAIL STORES (PERSONAL SERVICES)
      108 Spartanburg Rd, Duncan, SC 29334-9386
      View Details
    • Value Estimation by Request
      176 SF

      128 Main St

      RETAIL STORES (PERSONAL SERVICES)
      128 Main St, Duncan, SC 29334-9369
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      68,475 SF

      Retail Space on E Main

      Retail space available on high-traffic E Main Street.
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      View Details
    • $1,800,000

      Turnkey Tractor Trailer Painting Facility

      Turnkey painting facility with outdoor storage in growing industrial area.
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    • Contact for pricing
      5,000 SF

      Turnkey Tractor Trailer Painting Facility

      Turnkey painting facility with outdoor storage in Duncan, South Carolina.
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    • $1,200,000
      3,552 SF

      Downtown Duncan Commercial Building For Sale

      Two-story commercial building in the heart of Downtown Duncan.
      147 W Main St, Duncan, SC 29334
      View Details
    • $64,900
      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

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      2,610 SF

      Greer Retail & Restaurant Space

      Retail, restaurant, and medical office spaces available for lease.
      2000 Highway 101 S, Greer, SC 29334
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    • Contact for pricing

      Retail Space in Duncan, SC

      Retail space available in a busy shopping center.
      1723 E Main St, Duncan, SC 29334
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space for rent at 2153 East Main Street.
      2153 East Main St, Duncan, SC 29334
      View Details
    • $40 SF/Yr

      Highway 290 Retail Development Space

      Retail/office space in growing Duncan market near Highway 290.
      1723 East Main St, Duncan, SC 29334
      View Details
    • $8 SF/Yr

      Industrial Space in Duncan, SC

      28,000 SF industrial space for lease near I-85.
      925 Berry Shoals Rd, Duncan, SC 29334
      View Details
    • Contact for pricing
      285,000 SF

      Duncan Warehouse Near I-85

      285,000 SF warehouse with immediate I-85 access.
      497 Robin Lake Rd, Duncan, SC 29334
      View Details

    Property Visit Statistics

    • Visits by month
      4.7k
    • Visitors by month
      3.8k
    • Avg Time on site
      13 min
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    Duncan, SC 29334
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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.

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