West Columbia Retail/Restaurant
1471 Platt Springs Rd West Columbia, SC
For Sale
Contact for pricing
Retail or restaurant space with ample parking and high traffic.
Property Size2,200 SF
Lot Size2.94 Acres
Price / SF$250
Days on Market703
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 Agency:
Redlandsmill
(909) 435-0384
Listed By:
John Mills · License #97905
(909) 435-0384
Source:
Moodyscre
Added: Aug 27, 2024
Changed: Jul 10
Last Checked: Jul 22 at 3:46AM
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
Investment Insights
Based on property information with market context.
This 2,200-square-foot property is located on an arterial road into West Columbia/Cayce. It features ample parking with 20 paved spaces and additional overflow parking. The property was previously built out as a sub shop. Ownership will consider installing a grease interceptor; other tenant improvements are subject to rate increase negotiations. Traffic counts from 2022 show strong growth, with 10,000 vehicles per day, a 7.5% year-over-year increase. The 2021 count was 9,300, a 4.5% year-over-year increase, and the 2020 count was 8,700. This property is suitable for retail or restaurant use.
Key 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.
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 |
2,200 SF · lease $20.04/SF/yr · vacancy 4.10% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$453.0K
$396.4K – $528.5K
NOI $31,710 @ 7.0% cap · market cap 5.77%
Second Best
Retail
$316.5K
$276.9K – $369.2K
NOI $22,153 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$590.9K
$517.0K – $689.3K
NOI $41,360 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail or restaurant space with ample parking and high traffic.
Where is this retail space located?
The property is located at 1471 Platt Springs Rd West Columbia, SC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 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.
