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    200 Spartanburg Hwy Lyman, SC 29365-1808
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    Property profile & analytics

    200 Spartanburg Hwy, Lyman, SC 29365-1808

    View on Map
    • Community centers
    • 27,360 SF
    • 4.99 lot acres
    Off-Market
    Last Sale Feb 24, 2022
    $1,800,000
    Property ID
    US77-2952503
    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
    $1,320,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • First Citizens Bank ATM / Bank / Loan Service
    • Lyman Guitar / (Bike/Boat/Book/etc) Store
    • Dollar Tree / Discount Store
    • Aspen Street Sweets Food truck LLC / Take-out & Catering / Catering Service
    • TNT Fireworks / Discount Store / Party Supply Store

    Property Details for 200 Spartanburg Hwy

    Year built
    1973
    Construction
    BRICK
    Lot size
    4.99 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    5-1507-12001
    APU
    5150712001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 24, 2022 $1,800,000 Capa Real Estate LLC Nara Properties LLC Deed $1.7M · The Peoples Bank
    Apr 25, 2019 $300,000 Lyman Drug INC Nara Properties LLC Deed $255k · Paragon Bank
    Mar 23, 2015 — Nara Properties LLC Yellow Mama Music LLC Grant Deed —
    Jun 28, 2013 $825,000 Yellow Mama Music LLC Shoppes At Friendship LLC Grant Deed —
    Feb 22, 2006 $1,285,000 Shoppes Of Friendship LLC Lyman Dev Associates Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,205,000
      ML approach
      $1,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,250,000
      Market price range: $1.25M - $3.32M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,155,000
      Current use
      RETAIL STORES
      $2,165,000
      Change: +1% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,150,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lyman
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.1193
    Latitude
    34.9546
    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
    $33,008
    $41,328
    $39,672
    $81,000
    -
    $688,800
    $661,200
    $1,350,000

    Comparable in this City

    • Value Estimation
      $720,000
      7,000 SF

      223 Charlotte Hwy

      MINI-MALL
      223 Charlotte Hwy, Lyman, SC 29365-1403
      View Details
    • Value Estimation by Request
      6,225 SF

      295 Spartanburg Hwy

      MINI-MALL
      295 Spartanburg Hwy, Lyman, SC 29365-1844
      View Details
    • Value Estimation by Request
      3,432 SF

      12209 Greenville Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      12209 Greenville Hwy, Lyman, SC 29365-1513
      View Details
    • Value Estimation
      $565,000
      6,300 SF

      3282 Hwy 357

      RETAIL STORES (PERSONAL SERVICES)
      3282 Hwy 357, Lyman, SC 29365-9780
      View Details
    • Value Estimation by Request
      1,937 SF

      104 Edgewood St

      FINANCIAL BUILDING
      104 Edgewood St, Lyman, SC 29365-1835
      View Details
    • Value Estimation by Request
      1,200 SF

      2980 Hwy 357

      RETAIL STORES (PERSONAL SERVICES)
      2980 Hwy 357, Lyman, SC 29365-9735
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,000 SF

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      View Details
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      0.75 Acres

      Landrum Homesite with Mountain Views

      0.75 acre homesite with mountain views near downtown Landrum.
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    • $139,500
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      Lakeview Lot in Lyman, SC

      0.71 acre lakeview lot for dream home.
      350 Lyman Lake Rd, Lyman, SC 29365
      View Details
    • $295,000
      Pending

      Lyman Lake Waterfront Land

      Waterfront lot with expansive lake views and boat house.
      196 Lyman Lodge Rd, Lyman, SC 29365
      View Details
    • $79,900
      0.61 Acres

      Residential Land in Artisan Estates

      Boutique community homesite for semi-custom dream home.
      206 Artisan Dr, Lyman, SC 29365
      View Details
    • Contact for pricing

      36 Acres Near Greer Port

      Undeveloped land suitable for residential, multi-family, or industrial development.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space on Spartanburg Hwy

      Highly visible retail space in a busy shopping center.
      360 Spartanburg Hwy, Wellford, SC 29365
      View Details
    • $3 SF/Yr
      143,000 SF

      Subdivisible Industrial Space in Lyman

      449,000 SF industrial space for sublease near I-85.
      101 Groce Rd, Lyman, SC 29365
      View Details

    Property Visit Statistics

    • Visits by month
      15.9k
    • Visitors by month
      10.9k
    • Avg Time on site
      20 min
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    Lyman, SC 29365-1808
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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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