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

    Farrow Rd. & Business Park Blvd Columbia, SC 29223

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land for sale in Northeast Columbia with I-77 access.

    Lot size:
    68.48 Acres

    Property Features for Farrow Rd. & Business Park Blvd

    General Information

    Lot size
    68.48 Acres

    We can help!

    Listing Contact
    Ryan Causey
    Source: Trinity-partners

    Listing Agent: Ryan Causey

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

    Learn more

    Overview

    Land Available For Sale

    Land is available for sale in Northeast Columbia off Farrow Road, providing convenient access to I-77. The property is divided into three lots: Lot 1 encompasses 46.28 acres, priced at $108,900 per acre; Lot 2 consists of 13.45 acres, priced at $130,680 per acre; and Lot 3 includes 8.75 acres, priced at $348,480 per acre. The total property size is 68 acres.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -80.8483
    Latitude
    34.0558

    Nearby Similar for Sale

    • $550,000
      3,960 SF

      Versatile Commercial Property in Columbia

      Commercial property with redevelopment potential in a growing corridor.
      123 Lawand Dr, Columbia, SC 29210
      View Details
    • $699,000
      3,500 SF

      Well-Maintained Office Building For Sale

      3,500 SF office building with excellent exposure in Columbia.
      7193 Saint Andrews Rd, Columbia, SC 29212
      View Details
    • $360,000
      4,000 SF

      Columbia Auto Service Center

      Commercial building with 10-bay garage in Columbia, SC.
      1530 Leaside Dr, Columbia, SC 29223
      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 Rd, Columbia, SC 29223
      View Details
    • $275,000
      6,872 SF

      Redevelopment Opportunity in Columbia, SC

      GC-zoned commercial property with redevelopment potential in Columbia, South Carolina.
      1486 Bella Vista Dr, Columbia, SC 29223
      View Details
    • $2,999,000
      1.74 Acres

      Columbia Mixed-Use Investment Opportunity

      Operating gas station, retail bays, home, and duplex on 1.74 acres.
      1332 Broad River Rd, 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
    • $425,000
      5,200 SF

      Versatile Renovated Commercial Space

      Recently renovated 5200 sq ft commercial space on 1.1 acres.
      600 Burmaster Dr, Columbia, SC 29229
      View Details
    • $219,900
      1,271 SF

      Renovated Commercial Property in Columbia

      Updated commercial property with renovated home, ideal for office space.
      2734 Boone St, Columbia, SC 29204
      View Details
    • $285,000
      2,419 SF

      Versatile Commercial Property in Columbia

      Adaptable commercial building in established corridor, ideal for diverse strategies.
      112 Arrowwood Rd, Columbia, SC 29210
      View Details
    • $415,000
      2,700 SF

      Updated Triplex Near Downtown Columbia

      Income-producing triplex with updated units near downtown Columbia.
      4019 Baldwin Rd, Columbia, SC 29204
      View Details
    • $2,250,000
      15,593 SF

      Garners Ferry Road Commercial Building

      High-visibility commercial building with 41 suites, ideal for investment.
      7358 Garners Ferry Rd, Columbia, SC 29209
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale in Northeast Columbia with I-77 access.
    Where is this land located?
    The property is located at Farrow Rd. & Business Park Blvd Columbia, SC.
    What are key features of this property?
    This property features: - Acreage available in Northeast Columbia; - Easy access to I-77; - Multiple lot sizes available: **46.28 acres, 13.45 acres, and 8.75 acres**
    (803) 315-6758
    Request Owner's contact information
    Farrow Rd. & Business Park Blvd Columbia, SC 29223
    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.
    Farrow Rd. & Business Park Blvd
    Columbia, SC 29223
    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
    Farrow Rd. & Business Park Blvd Columbia, SC 29223
    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
    Ryan Causey
    (803) 315-6758
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!