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Property profile

56 Groce Rd Lyman, SC 29365

FOR SALE
Retail space
Property ID
US77-0592298
2,106 SF 0.07 ac lot Built 1928
Last sale Apr 2020
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional storefront property at 56 Groce Road, Lyman, SC 29365, presents a unique investment opportunity in the heart of downtown. The building, constructed in 1928, boasts a total of 4,212 square feet spread across two stories. The main level offers 2,106 square feet of finished space, ideal for immediate occupancy. An additional 2,106 square feet of unfinished space resides on the second floor, presenting significant potential for conversion into a modern loft-style space,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$5k
Assessed land$504
Assessed improvement$5k
Effective rate40.73%

Value estimate

· Oct 2026
$195k
$176k – $215k
AI approach$195k
NOI build-up
Gross scheduled income$76k
Vacancy & credit loss−$7k
Operating expenses−$21k
NOI · 13.65% cap applied$48k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$79/SF
County average, outlier-cleaned · 207 recorded sales of this use type
Observed band · Q1–Q3$40 – $130
Qualifying comparables3

Cap rate analysis

How does the asset earn?
13.65%
$48k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPARTANBURG

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm9.5
Electrical Service9.2
Tailor Shop8.9

Location

56 Groce Rd Lyman, SC 29365
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
310 Charlotte, Lyman, SC 29365-1406 $455,000 Mar 2023 2,688 SF
1098 Hampton, Lyman, SC 29365-9617 $50,000 Feb 2023 2,240 SF
119 Spartanburg, Lyman, SC 29365-1657 $515,000 Sep 2022 5,500 SF
102 Lawrence, Lyman, SC 29365-1680 $199,900 Sep 2022 1,872 SF
60 Groce, Lyman, SC 29365-1760 $325,000 Mar 2022 3,336 SF
12 Groce, Lyman, SC 29365-1631 $165,000 Mar 2019 2,340 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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