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    2710 Gervais Street Columbia, SC 29204

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    Premier shopping center with upscale tenants in a desirable location.

    Type:Retail
    Property size:
    15,630 SF
    Added:
    Jan 27, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 26 at 1:04 am

    Property Features for 2710 Gervais Street

    General Information

    Standard status
    Active
    Size
    15,630 SF
    Property subtype
    Retail

    Spaces For Lease

    at 2710 Gervais Street Contact us

    We can help!

    Listing Contact
    William Mills
    William Mills

    Listing agent William Mills License #SC 78785

    Listing office Trinity Partners | Columbia

    Listing date Jan 27, 2026

    Source Trinity-partners

    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 Trinity Partners | Columbia

    Overview

    Renovated Shopping Center in Forest Acres

    This premier neighborhood shopping center, totaling approximately 15,630 square feet, has been completely renovated and rebranded. Located in Forest Acres, the property offers an inline space of approximately 3,145 square feet. The co-tenancy includes upscale tenants such as Salons by JC. Benefiting from excellent visibility, the property is situated on a heavily traveled road with a strong traffic count of 11,130 vehicles per day. The location on the Gervais Street corridor is surrounded by the Forest Hills, Melrose Heights, and Heathwood communities, known for their attractive demographics. It is also located minutes from Downtown Columbia and Forest Acres. Ample parking is available, and there are great signage opportunities. The property features tall ceiling heights and is zoned MU-1 (Mixed Use), which allows for medical and dental facilities, eating and drinking establishments, office uses, beauty salons and barbershops, nail salons, general consumer goods retailers, grocery or food markets, and home furnishing concepts.
    Location Intelligence

    Current Use by Public Records

    Tripp's Fine Cleaners (Bike/Boat/Book/etc) Store Christenberry Collection Home Decor Store Codington Fields Department Store Wesley's Salon & Spa Nail Salon Lunatic Fringe Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Market Place Shopping Center — 1000 block, Harden St, Columbia, SC 29205
    • BRADFORD VILLAGE SHOPPING CENTER — 807 Gervais St, Columbia, SC 29201
    • Arcade Building — 1332 Main St, Columbia, SC 29201
    • Sherwin grant — Columbia, SC 29201
    • EDENS - Columbia — 1221 Main St #1000, Columbia, SC 29201

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.0029
    Latitude
    34.0102

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    FAQs

    What type of property is this?
    Shopping center - Premier shopping center with upscale tenants in a desirable location.
    Where is this shopping center located?
    The property is located at 2710 Gervais Street Columbia, SC.
    What are key features of this property?
    This property features: Completely renovated and rebranded ±15,630 SF premier neighborhood shopping center.; Located in Forest Acres on the Gervais St. corridor, surrounded by affluent communities.; Upscale co‑tenancy including Salons by JC.
    (803) 567-1794
    We can help!
    Listing Contact
    William Mills
    William Mills
    Real Estate License ID: SC 78785
    Learn More
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    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
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