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    Property profile & analytics

    1835 Main St Duncan, SC 29334-9215

    • Warehouses
    • 16,570 SF
    • 3.17 lot acres
    OFF-MARKET
    Last Sale
    Sep 17, 2024
    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2726802
    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

    • Extra Space Storage / Storage Facility

    Property Details for 1835 Main St

    Year built
    2015
    Construction
    BRICK
    Lot size
    3.17 lot acres
    Property size
    16,570 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    5-3100-04304
    APU
    5310004304

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,350,000
      Market price range: $332k - $1.35M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $830,000
      Current use
      OFFICE BUILDING
      $1,690,000
      Change: +104% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,440,000
      Change: +74% Conversion: Difficult
      RETAIL STORES
      $1,310,000
      Change: +58% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,305,000
      Change: +58% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,300,000
      Change: +57% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncan
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0844
    Latitude
    34.895
    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
    $105,121
    $30,150
    $277,218
    $307,368
    -
    $502,500
    $4,620,300
    $5,122,800

    Comparable in this City

    • Value Estimation
      $1,720,000
      26,640 SF

      150 Plemmons Rd

      MINI-WAREHOUSE, STORAGE • 26,640 SF
      150 Plemmons Rd, Duncan, SC 29334-9742
      View Details
    • Value Estimation by Request
      13,883 SF

      929 Berry Shls Rd

      MINI-WAREHOUSE, STORAGE • 13,883 SF
      929 Berry Shls Rd, Duncan, SC 29334-9413
      View Details
    • Value Estimation by Request
      8,910 SF

      915 Berry Shls Rd

      MINI-WAREHOUSE, STORAGE • 8,910 SF
      915 Berry Shls Rd, Duncan, SC 29334-9413
      View Details
    • Value Estimation
      $3,130,000
      47,564 SF

      173 Fortis Dr

      MINI-WAREHOUSE, STORAGE • 47,564 SF
      173 Fortis Dr, Duncan, SC 29334-9480
      View Details
    • Value Estimation
      $720,000
      10,270 SF

      189 Plemmons Rd

      MINI-WAREHOUSE, STORAGE • 10,270 SF
      189 Plemmons Rd, Duncan, SC 29334-9742
      View Details
    • Value Estimation by Request
      30,854 SF

      1040 Rogers Brg Rd

      MINI-WAREHOUSE, STORAGE • 30,854 SF
      1040 Rogers Brg Rd, Duncan, SC 29334-9749
      View Details

    Similar Nearby for Sale

    • $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
    • $1,800,000

      Turnkey Tractor Trailer Painting Facility

      Turnkey painting facility with outdoor storage in growing industrial area.
      1384 Victor Hill Rd, Duncan, SC 29334
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    • $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
    • $2,250,000
      38.24 Acres

      Duncan Industrial Land Opportunity

      38 Acres, Prime Development Site, I-85 Access
      256 Tucapau Rd, Duncan, SC 29334
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    • $1,200,000

      Prime Commercial Land Opportunity

      Approximately 1.0 AC tract in high-growth corridor.
      1713 E Main St, Duncan, SC 29334
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    • $2,750,000

      Inglesby Parkway Commercial Land

      ±13.5 Acres, Duncan, SC Development Opportunity
      310 Inglesby Pkwy, Duncan, SC 29334
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    Similar Nearby for Lease

    • $8 SF/Yr
      3,600 SF

      Duncan Warehouse Space Available

      Warehouse space featuring a dock door and office.
      140 Congress Blvd, Duncan, SC 29334
      View Details
    • Contact for pricing
      140,400 SF

      Duncan Warehouse Near Logistics Points

      Warehouse with easy access to logistics and major highways.
      174 Tyger River Dr, Duncan, SC 29334
      View Details
    • Contact for pricing
      196,560 SF

      Duncan Warehouse Near Logistics Points

      Warehouse with easy access to logistics and major highways.
      1150 Howell Rd, 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
    • $6 SF/Yr
      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
    • Contact for pricing
      221,645 SF

      Duncan Warehouse Space for Lease

      221,645 SF warehouse with 30' clear height available for lease.
      40 Tyger River Dr, Duncan, SC 29334
      View Details
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    Duncan, SC 29334-9215
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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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