Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4609 Forest Dr Columbia, SC 29206

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in mixed-use development on Forest Drive.

    Property size:
    1,920 SF
    Lot size:
    11.08 Acres

    Property Features for 4609 Forest Dr

    General Information

    Size
    1,920 SF
    Lot size
    11.08 Acres

    We can help!

    Listing Contact
    Danny Bonds
    Danny Bonds
    Source: Moodyscre

    Listing Agent: Danny Bonds

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space on Forest Drive

    This retail space offers approximately 1,920 square feet of available area within a mixed-use development. The property is situated along the highly trafficked Forest Drive corridor. The total retail space in the development is approximately 42,000 square feet and includes 256 apartments. Co-tenants include Bad Daddy's Burger Bar, Club Pilates, Crumbl Cookies, and Surcheros. The property is located directly adjacent to a new Lowe's Foods and benefits from a signalized corner on Forest Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    YogaSix Forest Acres Yoga Studio CYCLEBAR Gym

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -80.971246
    Latitude
    34.020412

    Nearby Similar for Lease

    • Contact for pricing
      2,201 SF

      Updated Mixed-Use Commercial Space

      Updated mixed-use space with parking and high-speed internet in Columbia.
      746 Harden St, Columbia, SC 29205
      View Details
    • $14 SF/Yr
      16,966 SF

      Class B Office Space Available

      Multi-tenant office building with interstate visibility and ample parking.
      1628 Browning Rd, Columbia, SC 29210
      View Details
    • $19 SF/Yr
      4,188 SF

      Class A Office Space Available

      Premium office building with high-tech infrastructure and convenient access.
      1400 Browning Rd, Columbia, SC 29210
      View Details
    • $12 SF/Yr
      4,152 SF

      Columbia Retail or Office Space

      4,152 SF building in the heart of Columbia, SC.
      1812 Taylor St, Columbia, SC 29201
      View Details
    • Contact for pricing
      20,048 SF

      Class A Office High-Rise

      Class A office space in Columbia's Central Business District.
      1441 Main St, Columbia, SC 29201
      View Details
    • Contact for pricing
      8,181 SF

      Office Property Near Downtown Columbia

      Office and flex spaces available near I-20 and I-26.
      720 Gracern Rd, Columbia, SC 29210
      View Details
    • $14 SF/Yr
      64,799 SF

      Historic Mixed-Use Building on Main

      Mixed-use building in Columbia's Central Business District.
      1350 Main St, Columbia, SC 29201
      View Details
    • Contact for pricing

      Retail Space in Growing Corridor

      New retail development near residential growth and major roadways.
      Spears Crk Church Rd & Earth Rd, Columbia, SC 29045
      View Details
    • $10 SF/Yr
      11,000 SF

      Columbia Industrial Space For Lease

      11,000 SF industrial space for lease in Columbia, SC.
      1401 Old Dairy Dr, Columbia, SC 29201
      View Details
    • Contact for pricing
      15,630 SF

      Renovated Shopping Center in Forest Acres

      Premier shopping center with upscale tenants in a desirable location.
      2710 Gervais St, Columbia, SC 29204
      View Details
    • Contact for pricing
      6,400 SF

      Renovated Office Space on Devine

      Newly renovated office space in the Devine Street District.
      2717 Devine St, Columbia, SC 29205
      View Details
    • $20 SF/Yr
      6,950 SF

      Class A Office Building Rental

      Class A office building near I-26 and I-20 interchange.
      100 Center Point Cir, Columbia, SC 29210
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in mixed-use development on Forest Drive.
    Where is this retail space located?
    The property is located at 4609 Forest Dr Columbia, SC.
    What are key features of this property?
    This property features: - Located directly adjacent to new Lowe's Foods.; - High-traffic location on Forest Drive Corridor.; - Part of a mixed-use development with 256 apartments.
    (803) 254-2300
    Request Owner's contact information
    4609 Forest Dr Columbia, SC 29206
    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.
    4609 Forest Dr
    Columbia, SC 29206
    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
    4609 Forest Dr Columbia, SC 29206
    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

    We can help!
    Listing Contact
    Danny Bonds
    Danny Bonds
    (803) 254-2300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.