Automotive Property with
For Sale
$395,000
2328 Airport Blvd, West Columbia, SC
Occupied automotive facility with existing signage, a new heat unit, and completed engineering for potential car wash conversion.
Property Size1,085 SF
Price / SF$364.06
Days on Market145
Property Features for 2328 Airport Blvd
General Information
Standard status
Active
Size
1,085 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
small billboard
signage
new heat unit
Building Details
Buildings
1
Listing Agency:
AAORP Realty
Listed By:
Scott McCulla
(803) 200-2001
Source:
Exprealty
Added: May 15
Changed: Sep 6
Last Checked: Oct 5 at 11:15PM
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 AAORP Realty
Investment Insights
Based on property information with market context.
This automotive property at 2328 Airport Blvd in West Columbia is currently occupied by an established car dealership, with the business able to remain if desired. The building is sold as is and includes a new heat unit, a small billboard, and additional signage. Full engineering has been completed for conversion to a modern car wash, supporting another automotive-oriented use or future redevelopment.
The site fronts a heavily traveled commercial corridor with DOT-estimated traffic of 30-40,000 people per day from throughout the Midlands area. It is next to Airport HS and near Midlands Technical College, state office complexes, Columbia Metropolitan Airport, and I-26. A new three-story hotel is under construction directly across from the property, adding an active development element to the surrounding commercial setting.
The site fronts a heavily traveled commercial corridor with DOT-estimated traffic of 30-40,000 people per day from throughout the Midlands area. It is next to Airport HS and near Midlands Technical College, state office complexes, Columbia Metropolitan Airport, and I-26. A new three-story hotel is under construction directly across from the property, adding an active development element to the surrounding commercial setting.
Key Highlights
- DOT‑estimated traffic of 30‑40,000 people per day
- Currently occupied by an established car dealership
- Full engineering completed for modern car wash conversion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,639
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,780
$312.8K
Cap Rate 7%
$223,414
$223.4K
Cap Rate 9%
$173,767
$173.8K
Market Conditions
NOI Build-Up for 1,085 SF
Gross rent
$21.7K $20.04/SF
− Vacancy
−$891 −$0.82/SF
EGI
$20.9K $19.22/SF
− OpEx
−$5.2K −$4.80/SF
NOI
$15.6K $14.41/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,780
Cap Rate 7%
$223,414
Cap Rate 9%
$173,767
Alternative Uses
Best Use
Specialty Retail
$223.4K
$195.5K – $260.7K
NOI $15,639 @ 7.0% cap · market cap 3.96%
Second Best
Retail
$156.1K
$136.6K – $182.1K
NOI $10,925 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$291.4K
$255.0K – $340.0K
NOI $20,398 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
51k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 29%
Home Improvements & Furnishings 3%
Bojangles' Famous Chicken 'n Biscuits
Dining
10,582 visits/mo
0.4 miles
Shell
Shops & Services
8,707 visits/mo
0.3 miles
Speedway
Shops & Services
7,141 visits/mo
0.5 miles
Mobil
Shops & Services
5,327 visits/mo
0.4 miles
KFC
Dining
4,328 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - Occupied automotive facility with existing signage, a new heat unit, and completed engineering for potential car wash conversion.
Where is this automotive property located?
The property is located at 2328 Airport Blvd West Columbia, SC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: DOT‑estimated traffic of 30‑40,000 people per day; Currently occupied by an established car dealership; Full engineering completed for modern car wash conversion
