Commercial Land with Existing
For Sale
Contact for pricing
11071 Farrow Rd, Blythewood, SC 29016
2.26 acres with 3,326 sq ft building in Blythewood.
Property Size3,326 SF
Lot Size2.26 Acres
Price / SF$330.73
Days on Market154
Property Features for 11071 Farrow Rd
General Information
Standard status
Active
Size
3,326 SF
Lot size
2.26 Acres
Property subtype
Office, Retail, Mixed Use
Zoning
cc
Building Details
Year Built
1978
Buildings
2
Listing Agency:
Southern Vision Real estate
(803) 957-5566
Listed By:
Angela Cash · License #133081
Source:
Crexi
Added: Mar 16
Changed: Aug 12
Last Checked: Aug 13 at 11:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southern Vision Real estate
Investment Insights
Based on property information with market context.
This commercial property features 2.26 acres of land along Farrow Road in Blythewood. The site includes an approximately 3,326 sq ft building, with 2,444 sq ft heated. The property benefits from road frontage and visibility. Zoned CC (Commercial) in Richland County, the property allows a variety of potential business uses. Located along the growing Farrow Road corridor, the property is minutes from the new Scout Motors manufacturing facility, an area experiencing commercial and industrial growth. The property is served by well and septic and offers ample space for parking, expansion, or redevelopment.
Key Highlights
- Prime commercial location on Farrow Road near the new Scout Motors facility, experiencing rapid growth.
- 2.26‑acre lot with excellent road frontage and visibility.
- Zoned CC (Commercial) in Richland County, offering diverse business opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,076
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$801,520
$801.5K
Cap Rate 7%
$572,514
$572.5K
Cap Rate 9%
$445,289
$445.3K
Market Conditions
NOI Build-Up for 3,326 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.3K $17.52/SF
− Vacancy
−$4.8K −$1.45/SF
EGI
$53.4K $16.07/SF
− OpEx
−$13.4K −$4.02/SF
NOI
$40.1K $12.05/SF
Area
Richland County, SC
Vacancy
8.30%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$801,520
Cap Rate 7%
$572,514
Cap Rate 9%
$445,289
Alternative Uses
Best Use
Office B
$572.5K
$501.0K – $667.9K
NOI $40,076 @ 7.0% cap · market cap 3.64%
Second Best
Retail
$478.4K
$418.6K – $558.2K
NOI $33,491 @ 7.0% cap · market cap 3.04%
Theoretical Best
Specialty Retail
$750.5K
$656.7K – $875.6K
NOI $52,533 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 29016, SC
26,245
Population
11,958
Households
2.2
Avg Household Size
40
Median Age
50%
College-Educated
94%
High-School Grad
87.0 sq mi
ZIP Area
302
Density / Sq Mi
$100,122
Median Household Income
$52,703
Median Earnings
$1,265
Median Rent
$330,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.26 acres with 3,326 sq ft building in Blythewood.
Where is this commercial land located?
The property is located at 11071 Farrow Rd Blythewood, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime commercial location on Farrow Road near the new Scout Motors facility, experiencing rapid growth.; 2.26‑acre lot with **excellent road frontage and visibility.**; Zoned CC (Commercial) in Richland County, offering diverse business opportunities.
