1471 Platt Springs Rd, West Columbia, SC
Retail or restaurant space with ample parking and high traffic.
- Added:
- Aug 27, 2024
- Days on Market:
- 657
- Last Refresh:
- May 20 at 8:25 pm
Property Features for 1471 Platt Springs Rd
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Lot size
- 2.94 Acres
- Property subtype
- RETAIL
Properties For Sale
at 1471 Platt Springs Rd Contact us
Listing agent John Mills License #97905 (909) 435-0384
Listing office Redlandsmill (909) 435-0384
Listing date Aug 27, 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 Redlandsmill
HighLights
- Ample parking with 20 paved spaces and additional overflow parking.
- High traffic counts: 10,000 vehicles per day (2022) with a 7.5% year‑over‑year increase.
- Located on an arterial road into West/Columbia/Cayce.
- Previously built out as a Sub Shop.
- Ownership will consider installing a grease interceptor.
- Steady traffic count growth: 4.5% increase year‑over‑year in 2021.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.1k | $20.04 |
| − Vacancy | −$1.8k | −$0.82 |
| EGI | $42.3k | $19.22 |
| − OpEx | −$10.6k | −$4.80 |
| NOI | $31.7k | $14.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Columbia
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.074
- Latitude
- 33.9935
