Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    30 Freeman Farm Rd Duncan, SC 29334

    • Commercial real estate
    • 2.19 lot acres
    For Sale
    View listing
    $2,600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0519862
    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

    • Commercial real estate

    Property Details for 30 Freeman Farm Rd

    Lot size
    2.19 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.19-acre commercial land parcel presents a unique investment opportunity in Duncan, South Carolina. Strategically located off I-85, Exit 60, and easily accessible from Highway 101, this property enjoys unparalleled visibility and proximity to the BMW campus. The flat, clear land offers a range of development possibilities, making it suitable for various commercial ventures, including retail, hospitality, or office space. With both eastern and western views, the site provides a picturesque setting for any development. The property is zoned for commercial use and is offered as a fee simple ownership. Its favorable topography simplifies development, minimizing site preparation costs. This prime location, combined with its size and accessibility, makes it an ideal investment for developers and businesses seeking a high-profile presence in a thriving area. The 2.19-acre lot provides ample space for a substantial development project, catering to a variety of commercial needs. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a rapidly growing region of South Carolina. The asking price is $2,600,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncan
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.158813452612
    Latitude
    34.889535209309

    Comparable in this City

    • $1,200,000

      Prime Commercial Land Opportunity

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

      Inglesby Parkway Commercial Land

      ±13.5 Acres, Duncan, SC Development Opportunity
      310 Inglesby Pkwy, Duncan, SC 29334
      View Details
    • New
      $44,900
      0.78 Acres

      Residential Lot Near Major Locations

      0.78 acre residential lot near BMW, Inland Port, I-85.
      159 Rockingham Rd, Duncan, SC 29334
      View Details
    • $220,000
      0.94 Acres

      Residential Lots with Lake Views

      Two residential lots totaling 0.94 acres with lake views.
      436 Berry Shoals Rd, Duncan, SC 29334
      View Details
    • $150,000
      0.93 Acres

      Commercial Land with Existing Structures

      Commercial opportunity on 0.93 acres with redevelopment potential.
      381 Gap Crk Dr, Duncan, SC 29334
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Prime Commercial Land Opportunity

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

      Inglesby Parkway Commercial Land

      ±13.5 Acres, Duncan, SC Development Opportunity
      310 Inglesby Pkwy, Duncan, SC 29334
      View Details
    • New
      $44,900
      0.78 Acres

      Residential Lot Near Major Locations

      0.78 acre residential lot near BMW, Inland Port, I-85.
      159 Rockingham Rd, Duncan, SC 29334
      View Details
    • $295,000
      3.80 Acres

      Duncan, SC Commercial Land

      3.8 Acres, Prime Development Site
      0 3.8 Library Ln, Duncan, SC 29334
      View Details
    • Contact for pricing

      Land for Sale in Duncan

      Land with pond in growing Duncan, South Carolina.
      313 Tucapau Rd, Duncan, SC 29334
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      120,000 SF

      Spartangreen Blvd Industrial Land

      ±120,000 SF Build-to-Suit Opportunity
      0 Spartangreen Blvd, Duncan, SC 29334
      View Details
    • $4,000 /Mo
      4 SF

      Industrial Outdoor Storage Yard

      4.12 AC industrial land for lease near I-85.
      153 Fortis Dr, Duncan, SC 29334
      View Details
    • Contact for pricing
      25,000 SF

      Duncan Hwy 101 Flex Industrial Space

      Modern Flex/Industrial Space in Duncan, SC
      & SC-101 Plemmons 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

      Laydown Yard For Lease

      6.5 acre laydown yard for lease near I-85.
      1634 Duncan Reidville Rd, 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
    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.
    30 Freeman Farm Rd
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!