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    6202 Shakespeare Rd Columbia, SC 29223

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    For Sale
    $395,000

    Retail property with income upside in Columbia, South Carolina.

    Property size:
    11,275 SF
    Lot size:
    0.56 Acres

    Property Features for 6202 Shakespeare Rd

    General Information

    Size
    11,275 SF
    Lot size
    0.56 Acres

    Source: Wilson Kibler | Columbia Agent John Mills

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

    Overview

    Value-Add Retail Investment Opportunity

    This retail property presents an excellent value-add investment opportunity. The property is situated on approximately 1.73 acres and features M-1 zoning. It includes 7 suites, with 5 currently occupied, resulting in an 81% occupancy rate. There are 26 parking spaces available. The property has road frontage of 151 feet on Risley Road and 380 feet on Shakespeare Road. The current net operating income (NOI) is $24,000, with potential for increased income through leasing vacant units and raising existing rents. Existing average rents for tenants are $5.46 per square foot (gross), which is below market value.
    Insight Report Location Intelligence

    Current Use by Public Records

    Amazon Locker - View Mailing Service Western Union Money Transfer Service Shamrock Corner Convenience Store National Bitcoin ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -80.973121
    Latitude
    34.059165

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    FAQs

    What type of property is this?
    Strip mall - Retail property with income upside in Columbia, South Carolina.
    Where is this strip mall located?
    The property is located at 6202 Shakespeare Rd Columbia, SC.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Excellent value-add investment opportunity with income upside.; - High occupancy rate of 81% with 5 of 7 suites occupied.; - Current NOI of $24,000.
    (803) 779-8600
    Request Owner's contact information
    6202 Shakespeare Rd Columbia, SC 29223
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    Realmo Value Estimation

    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.

    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.

    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
    6202 Shakespeare Rd Columbia, SC 29223
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