Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    197 Main St Duncan, SC 29334
    Property profile & analytics

    197 Main St Duncan, SC 29334

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US77-0512163
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 197 Main St

    Property type
    Commercial real estate

    Description

    This exceptional 2.37-acre commercial land parcel, situated at 193 & 197 West Main Street in Duncan, South Carolina, presents a compelling investment opportunity. Comprising two tax parcels (1.03 and 1.34 acres respectively), this level to gently sloping land boasts excellent accessibility from Main Street, offering potential for multiple entry and exit points. The property benefits from its strategic location in a rapidly developing area, nestled between downtown Duncan, the Greer Inland Port, and the four-lane US Highway 29, providing convenient access to I-26 and I-85. The surrounding area showcases a dynamic mix of businesses, commercial establishments, residential areas, and new construction, including logistics warehouses and manufacturing/industrial buildings supporting the Inland Port and major manufacturers like BMW and Michelin. A newly installed traffic light at the intersection of West Main Street and Gap Creek Road further enhances visibility and accessibility. While essential utilities (water, electricity, gas, and sewage) are nearby, their availability needs verification by the buyer. The property's size and location make it ideal for a variety of commercial uses, including retail, offices, or medical facilities. Zoning and permitting requirements will depend on the intended use. This is a rare chance to acquire a substantial commercial site in a high-growth area with significant potential for future development and return on investment. The zip code is 29334 and the property is located in Spartanburg County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncan
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.1511138
    Latitude
    34.9392453

    Comparable in this City

    • $824,000
      5.71 Acres

      Duncan Acreage: Development Opportunity

      5.71 acre tract ideal for residential, commercial, or industrial development.
      201 Old Jones Rd, Duncan, SC 29334
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Approximately 1.0 AC tract in high-growth corridor.
      1713 E Main St, Duncan, SC 29334
      View Details
    • $75,000
      1.95 Acres

      Residential Lot in Duncan, SC

      1.95-acre wooded lot near Duncan, SC with creek.
      Berry Shoals Rd, Duncan, SC 29334
      View Details
    • $150,000
      0.93 Acres

      Commercial Land with Existing Structures

      Commercial land with structures in Duncan, SC. Sold as-is.
      381 Gap Creek Rd, Duncan, SC 29334
      View Details
    • Contact for pricing

      36 Acres Land For Sale

      36 acres of land available for purchase.
      425 Edwards Rd, Duncan, SC 29334
      View Details

    Similar Nearby for Sale

    • $824,000
      5.71 Acres

      Duncan Acreage: Development Opportunity

      5.71 acre tract ideal for residential, commercial, or industrial development.
      201 Old Jones Rd, Duncan, SC 29334
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Approximately 1.0 AC tract in high-growth corridor.
      1713 E Main St, Duncan, SC 29334
      View Details
    • $75,000
      1.95 Acres

      Residential Lot in Duncan, SC

      1.95-acre wooded lot near Duncan, SC with creek.
      Berry Shoals Rd, Duncan, SC 29334
      View Details
    • $150,000
      0.93 Acres

      Commercial Land with Existing Structures

      Commercial land with structures in Duncan, SC. Sold as-is.
      381 Gap Creek Rd, Duncan, SC 29334
      View Details
    • Contact for pricing

      36 Acres Land For Sale

      36 acres of land available for purchase.
      425 Edwards Rd, Duncan, SC 29334
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Laydown Yard For Lease

      6.5 acre laydown yard for lease near I-85.
      1634 Duncan Reidville Rd, Duncan, SC 29334
      View Details
    • Contact for pricing
      12,000 SF

      Industrial Outdoor Storage Opportunity

      New industrial development with warehouse and laydown yard for lease.
      Danzler Rd, Duncan, SC 29334
      View Details
    • Contact for pricing

      Duncan Industrial Build-to-Suit Opportunity

      8.89 acre industrial site for lease in Duncan, SC.
      Spartangreen Blvd, Duncan, SC 29334
      View Details
    • $4,000 /Mo

      Industrial Outdoor Storage Yard

      4.12 AC industrial land for lease near I-85.
      153 Fortis Dr, Duncan, SC 29334
      View Details
    • $5,670 /Mo

      Commercial Land Ready For Rent

      Commercial land available for rent near I-85 and Highway 101.
      620 Apple Valley Rd, Duncan, SC 29334
      View Details
    • $5,670 /Mo

      Duncan Development Opportunity For Rent

      4.2 AC development opportunity in Duncan, SC, near I-85.
      Apple Valley Rd, Duncan, SC 29334
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    197 Main St
    Duncan, SC 29334
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    197 Main St, Duncan, SC, 29334
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!