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    Property profile & analytics

    189 Plemmons Rd Duncan, SC 29334-9742

    • Warehouses
    • 10,270 SF
    • 4.90 lot acres
    OFF-MARKET
    Value Estimations
    $720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1075298
    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

    • Warehouses

    Property Details for 189 Plemmons Rd

    Year built
    1993
    Lot size
    4.90 lot acres
    Property size
    10,270 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    5-2900-12307
    APU
    5290012307

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $837,000
      Market price range: $206k - $837k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $515,000
      Current use
      OFFICE BUILDING
      $1,045,000
      Change: +104% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $890,000
      Change: +74% Conversion: Difficult
      RETAIL STORES
      $815,000
      Change: +58% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $810,000
      Change: +58% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $805,000
      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
    -82.1507
    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
    $15,742
    $16,574
    $28,277
    $44,851
    -
    $294,000
    $501,600
    $795,600

    Comparable in this City

    • Value Estimation
      $1,405,000
      50,000 SF

      925 Berry Shls Rd

      MINI-WAREHOUSE, STORAGE • 50,000 SF
      925 Berry Shls Rd, Duncan, SC 29334-9413
      View Details
    • Value Estimation by Request
      5,900 SF

      1736 Victor Hl Rd

      MINI-WAREHOUSE, STORAGE • 5,900 SF
      1736 Victor Hl Rd, Duncan, SC 29334-9403
      View Details
    • Value Estimation
      $3,740,000
      57,743 SF

      215 Pkwy E Pkwy

      MINI-WAREHOUSE, STORAGE • 57,743 SF
      215 Pkwy E Pkwy, Duncan, SC 29334-8881
      View Details
    • Value Estimation by Request
      3,000 SF

      539 Chucks Dr

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      539 Chucks Dr, Duncan, SC 29334-9292
      View Details
    • Value Estimation by Request
      3,360 SF

      549 Chucks Dr

      MINI-WAREHOUSE, STORAGE • 3,360 SF
      549 Chucks Dr, Duncan, SC 29334
      View Details
    • Value Estimation by Request
      5,000 SF

      615 Crown Pointe Dr

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      615 Crown Pointe Dr, Duncan, SC 29334-8959
      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
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    • $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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    • $274,900
      0.61 Acres

      Two Homes on One Lot

      Two homes on a single lot, great for family.
      170 Spartanburg Rd, Duncan, SC 29334
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    • $824,000
      5.71 Acres

      Duncan Acreage: Development Opportunity

      5.71 acre tract ideal for residential, commercial, or industrial development.
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    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Duncan Warehouse Space Available

      30,000 sq ft warehouse space for rent in Duncan.
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    • Contact for pricing
      12,000 SF

      Danzler Road Industrial Warehouses

      Two new 12,000 SF warehouses in Duncan, SC
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    • Contact for pricing
      8,750 SF

      Duncan Warehouse Space for Lease

      8,750 SF warehouse space available for lease in Duncan, SC.
      325 Inglesby Pkwy, Duncan, SC 29334
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Warehouse Space Available

      30,000 sq ft industrial warehouse space for rent.
      795 Duncan Reidville Rd, Duncan, SC 29334
      View Details
    • $9 SF/Yr
      3,193 SF

      Duncan Flex Space Near I-85

      Flex space with offices, warehouse, and convenient highway access.
      197 Ridgeview Center Dr, 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
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    189 Plemmons Rd
    Duncan, SC 29334-9742
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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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