Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space on Airport Boulevard Title is generated by Realmo AI

    1640 Airport Blvd, West Columbia, SC

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    17,633 SF retail space for lease with on-site parking.

    Type:RETAIL
    Property size:
    17,633 SF
    Lot size:
    2.19 Acres
    Added:
    Aug 27, 2024
    Days on Market:
    643
    Last Refresh:
    May 20 at 8:43 pm

    Property Features for 1640 Airport Blvd

    General Information

    Standard status
    Active
    Size
    17,633 SF
    Lot size
    2.19 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1640 Airport Blvd Contact us

    We can help!

    Listing Contact
    Julian Wilson
    Julian Wilson

    Listing agent Julian Wilson

    Listing office Wilson Kibler | Columbia

    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 Wilson Kibler | Columbia

    HighLights

    • 17,633 SF Available for Lease
    • Easy access to Interstate 26 and Interstate 77
    • Building sits on 2.25 acres of land
    • Adjacent to Airport Boulevard and Charleston Highway
    • ~24,000 VPD on Charleston Highway
    • On‑site parking

    Overview

    This 17,633 square foot retail space is available for lease. The building is situated on 2.25 acres of land adjacent to Airport Boulevard and Charleston Highway. On-site parking is available. The location provides easy access to Interstate 26 and Interstate 77. Traffic counts are approximately 12,000 vehicles per day on Airport Boulevard and approximately 24,000 vehicles per day on Charleston Highway. The lease rate is $8.25 NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    West Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.0998
    Latitude
    33.9973

    Nearby Similar for Lease

    • $18 SF/Yr
      12,000 SF

      West Columbia Office/Medical Suite

      Office/medical suite for lease near Lexington Medical Hospital.
      3618 Sunset Blvd., West Columbia, SC 29169
      View Details
    • $15 SF/Yr
      9,890 SF

      Office Suite in West Columbia

      Office suite for lease near downtown Columbia and Lexington Medical Center.
      1523 Sunset Blvd., West Columbia, SC 29169
      View Details
    • $20 SF/Yr
      7,659 SF

      Medical Office Space For Lease

      Medical office space in prime healthcare corridor location.
      161 Medical Circle, West Columbia, SC 29169
      View Details
    • $15 SF/Yr
      2,520 SF

      Flex Space Near Interstate I-26

      Professional flex and light manufacturing space with easy interstate access.
      104 Corporate Boulevard, West Columbia, SC, 29169
      View Details
    • $15 SF/Yr
      1,575 SF

      Flex Space Near Interstate Access

      Professional flex and light manufacturing space with convenient interstate access.
      101 Corporate Boulevard, West Columbia, SC, 29169
      View Details
    • $18 SF/Yr
      10,000 SF

      Freestanding Building in West Columbia

      10,125 SF freestanding building on a busy retail corridor.
      1210 Charleston Hwy., West Columbia, SC 29169
      View Details
    • $22 SF/Yr
      1,300 SF

      Renovated Retail Space For Lease

      Lease opportunity: 1,300 SF renovated retail/office space.
      131 State St, West Columbia, SC 29169
      View Details
    • $14 SF/Yr
      19,000 SF

      West Columbia Showroom/Office/Flex Space

      17,800 SF showroom/office/flex space available for sublease in West Columbia.
      100 Corporate Blvd, West Columbia, SC 29169
      View Details
    • Contact for pricing
      15,000 SF

      Class-A Mixed-Use Development For Rent

      New mixed-use development with commercial and residential spaces available for rent.
      351 Meeting Street, West Columbia, SC 29169
      View Details
    • Contact for pricing
      1,300 SF

      Professional Office Space For Rent

      Professional office space with five private offices and shared amenities.
      1087 Harbor Drive, West Columbia, SC 29169
      View Details
    • $22 SF/Yr
      1,300 SF

      West Columbia Retail Space Available

      Retail space for lease in West Columbia, South Carolina.
      131 State St, West Columbia, SC 29169
      View Details
    • Contact for pricing
      26,000 SF

      Lexington Distribution Facility with I-26 Frontage

      Distribution facility with I-26 frontage, 9 loading docks.
      971 Harbor Drive, West Columbia, SC 29169
      View Details

    FAQs

    What type of property is this?
    Retail space - 17,633 SF retail space for lease with on-site parking.
    Where is this retail space located?
    The property is located at 1640 Airport Blvd West Columbia, SC.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 17,633 SF Available for Lease; Easy access to Interstate 26 and Interstate 77; Building sits on 2.25 acres of land
    (803) 779-8600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Julian Wilson
    Julian Wilson
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1640 Airport Blvd, West Columbia, SC
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!