Leased Commercial
New
For Sale
$650,000
2638 Two Notch, Columbia, SC 29204
The property is fully occupied under a lease with four five-year renewal options.
Property Size2,240 SF
Lot Size1.46 Acres
Price / SF$290.18
Days on Market2
Property Features for 2638 Two Notch
General Information
Standard status
Active
Size
2,240 SF
Lot size
1.46 Acres
Property subtype
Commercial
Zoning
CAC
Occupancy
100%
Site & Location
Neighborhood
Rochelle Heights / Victory Garden Neighborhood
Road Access
Yes
Tenancy & Operations
In-Place Lease Type
NN
Real Estate Included
Yes
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Southern Visions Realty I LLC
Listed By:
Angela Cash · License #1330081
(803) 606-0702
Source:
Mcleodre
Added: Oct 31
Last Checked: Oct 31 at 2:25PM
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 Southern Visions Realty I LLC
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Investment Insights
Based on property information with market context.
The property includes a 2,240-square-foot commercial building on a 1.46-acre parcel. Built in 1960, the building is fully leased and has a five-year lease term with four five-year renewal options, extending the potential term to 25 years.
Located at 2638 Two Notch Rd in Columbia, the property fronts Two Notch Rd and Midlands Shopping Center. The site is zoned CAC and includes parking.
Located at 2638 Two Notch Rd in Columbia, the property fronts Two Notch Rd and Midlands Shopping Center. The site is zoned CAC and includes parking.
Key Highlights
- 2,240‑square‑foot commercial building on 1.46 acres
- Fully leased; five‑year term plus four five‑year renewal options, up to 25 years total
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,837
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,740
$636.7K
Cap Rate 7%
$454,814
$454.8K
Cap Rate 9%
$353,744
$353.7K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$48.4K $21.60/SF
− Vacancy
−$2.9K −$1.30/SF
EGI
$45.5K $20.30/SF
− OpEx
−$13.6K −$6.09/SF
NOI
$31.8K $14.21/SF
Area
Columbia, SC
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,740
Cap Rate 7%
$454,814
Cap Rate 9%
$353,744
Alternative Uses
Best Use
Retail
$454.8K
$398.0K – $530.6K
NOI $31,837 @ 7.0% cap · market cap 4.90%
Second Best
Industrial
$390.7K
$341.9K – $455.8K
NOI $27,349 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$551.6K
$482.6K – $643.5K
NOI $38,610 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
McDonald's
Dining
26,057 visits/mo
0.5 miles
Burger King
Dining
6,869 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,144 visits/mo
0.5 miles
Enterprise Rent-A-Car
Shops & Services
1,973 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
1,678 visits/mo
0.1 miles
Demographics for 29204, SC
18,059
Population
8,687
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
6.4 sq mi
ZIP Area
2,822
Density / Sq Mi
$49,745
Median Household Income
$32,288
Median Earnings
$993
Median Rent
$185,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Columbia, SC
Frequently Asked Questions
What type of property is this?
NNN property - The property is fully occupied under a lease with four five-year renewal options.
Where is this nnn property located?
The property is located at 2638 Two Notch Columbia, SC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,240‑square‑foot commercial building on 1.46 acres; Fully leased; five‑year term plus four five‑year renewal options, up to 25 years total; Built in 1960
