Add Listing
    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

    3818 Devine St Columbia, SC 29205

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

    Prime retail space for rent in established Columbia corridor.

    We can help!

    Listing Contact
    Jeff Yurfest, Ccim
    Jeff Yurfest, Ccim
    Source: Tscg

    Listing Agent: Jeff Yurfest, Ccim

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

    Learn more

    Overview

    Retail Redevelopment Opportunity on Devine

    This retail space presents a redevelopment opportunity situated along Devine Street, a well-established retail corridor in Columbia. The location benefits from high traffic and is surrounded by dense residential neighborhoods. National retailers such as Target, Starbucks, and CVS are located nearby. The property is also in close proximity to the University of South Carolina. A specialty grocer will anchor the redevelopment.
    Location Intelligence

    Current Use by Public Records

    Piggly Wiggly Grocery & Convenience Store LibertyX Bitcoin ATM Atm Western Union Bank Lady Bug Florists (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -80.986731
    Latitude
    33.996058

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Main Street

      Flexible workspace in San Jose Airport
      1320 Main St, Columbia, SC 29201
      View Details
    • Contact for pricing

      SC, Columbia - Stoneridge Drive

      Workspaces, services and support to help you work better in Shelton
      140 Columbia Ave, Columbia, SC 29210
      View Details
    • Contact for pricing

      SC, Columbia - 1501 Main St

      Discover many ways to work your way in Downtown
      1501 Main St, Columbia, SC 29201
      View Details
    • $22 SF/Yr
      4,320 SF

      Former Restaurant on Decker Boulevard

      4,320 SF former restaurant with drive-thru on 1.13 AC.
      2600 Decker Blvd, Columbia, SC 29206
      View Details
    • $24 SF/Yr
      1,939 SF

      Renovated Office Suites For Lease

      Class A office suites with conferencing center and common break room.
      3112 Devine St, Columbia, SC 29205
      View Details
    • $21 SF/Yr
      4,050 SF

      Retail Building in Devine Street

      Retail or office building with ample parking in the rear.
      2418 Devine St, Columbia, SC 29205
      View Details
    • $600 /Mo
      39,320 SF

      Historic Arcade Mall Retail Space

      Historic indoor shopping center with high-end finishes in downtown Columbia.
      1332 Main St, Columbia, SC 29201
      View Details
    • $25 SF/Yr
      2,400 SF

      Retail Space on Columbiana Drive

      2,400 SF retail space in high-profile Columbia retail corridor.
      378 Columbiana Dr, Columbia, SC 29212
      View Details
    • $25 SF/Yr
      3,591 SF

      Retail Space on High-Traffic Corridor

      3,500 SF retail space on Taylor St, ample parking.
      1531 Taylor St, Columbia, SC 29201
      View Details
    • $10 SF/Yr
      4,040 SF

      Flex Building with Fenced Yard

      Flex building featuring office space, warehouse, and fenced yard.
      1446 Pineview Dr, Columbia, SC 29209
      View Details
    • $24 SF/Yr
      74,758 SF

      Class A Office Tower

      Premier office space in downtown Columbia with modern amenities.
      1201 Main St, 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

    FAQs

    What type of property is this?
    Retail space - Prime retail space for rent in established Columbia corridor.
    Where is this retail space located?
    The property is located at 3818 Devine St Columbia, SC.
    What are key features of this property?
    This property features: - Prime retail redevelopment opportunity on Devine Street.; - Anchored by specialty grocer (coming soon).; - High-traffic location near Beltline Boulevard.
    (843) 723-3054
    Request Owner's contact information
    3818 Devine St Columbia, SC 29205
    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.
    3818 Devine St
    Columbia, SC 29205
    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
    3818 Devine St Columbia, SC 29205
    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
    Jeff Yurfest, Ccim
    Jeff Yurfest, Ccim
    (843) 723-3054
    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!