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

    1150 Shop Rd Columbia, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land suitable for student housing near stadium and downtown.

    Type:LAND
    Lot size:
    9.63 Acres
    Added:
    Aug 22, 2024
    Days on Market:
    617
    Last Refresh:
    Apr 5 at 10:07 pm

    Property Features for 1150 Shop Rd

    General Information

    Standard status
    Active
    Lot size
    9.63 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    George T. McCutchen III

    Listing agent George T. McCutchen III

    Listing office Wilson Kibler | Columbia

    Listing date Aug 22, 2024

    Source Moodyscre

    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 Wilson Kibler | Columbia

    Overview

    Land Near Williams-Brice Stadium

    This land is located near Williams-Brice Stadium, the State Fairgrounds, Downtown Columbia, and Interstate 77. It is suitable for student housing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carolina Gypsum Co Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.0118
    Latitude
    33.9746

    Nearby Similar for Sale

    • $360,000
      4,000 SF

      Columbia Auto Service Center

      Commercial building with 10-bay garage in Columbia, SC.
      1530 Leaside Drive, Columbia, SC 29223
      View Details
    • $1,650,000
      9,918 SF

      Columbia Office Building For Sale

      Single-story office building in established Harbison/Irmo commercial corridor.
      13 Harbison Way, Columbia, SC 29212
      View Details
    • $250,000
      1,138 SF

      Renovated Commercial Building in Columbia

      Multi-tenant property suitable for retail, medical, or aviation businesses.
      3201 Broad River Road, Columbia, SC 29210
      View Details
    • $550,000
      3,960 SF

      Versatile Commercial Opportunity in Columbia

      Prime commercial site with existing structure and redevelopment potential.
      123 Lawand Drive, Columbia, SC 29210
      View Details
    • $850,000
      5,969 SF

      Renovated Office Building on Two Notch

      Fully renovated office building with high visibility and accessibility.
      8311 Two Notch Road, Columbia, SC 29223
      View Details
    • $290,000
      2,600 SF

      Columbia Flex Building For Sale

      Flex building in NOMA redevelopment area, suitable for various uses.
      1111 Miller Avenue, Columbia, SC 29203
      View Details
    • $285,000
      2,419 SF

      Versatile Commercial Property in Columbia

      Commercial property with flexible configuration in established St. Andrews area.
      112 Arrowwood Road, Columbia, SC 29210
      View Details
    • $215,000
      2,255 SF

      Updated Office Condo For Sale

      Well-maintained office condo with recent upgrades in Columbia, SC.
      101 Rice Bent Way, Columbia, SC 29229
      View Details
    • $399,000

      Prime Commercial Land Near Harbison

      Commercial property near Harbison Blvd with flexible usage options.
      0 Woodcross Drive, Columbia, SC 29212-2036
      View Details
    • $460,000
      1,426 SF

      Commercial Property on Busy Road

      Commercial property with vacant lot on a busy road.
      1119 Broad River Road, Columbia, SC 29210
      View Details
    • $319,000
      1,505 SF

      Shandon/Rosewood Duplex Opportunity

      Well-located duplex near USC, Devine St, and Downtown Columbia.
      114 Kilbourne Road, Columbia, SC 29205
      View Details
    • $175,000
      2,300 SF

      Updated Office Space in Columbia

      Open office space with private bathroom and storage closets.
      101 Rice Bent Way, Columbia, SC 29229
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for student housing near stadium and downtown.
    Where is this land located?
    The property is located at 1150 Shop Rd Columbia, SC.
    What are key features of this property?
    This property features: Great location for student housing; Located near Williams‑Brice Stadium; Located near Downtown Columbia
    (803) 779-8600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    George T. McCutchen III
    Learn More
    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.
    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!