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    565 Spears Creek Church Road Elgin, SC 29045

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    For Lease
    $35 SF/Yr

    New retail, office, or medical spaces available in NE Columbia.

    Type:Retail
    Property size:
    8,450 SF
    Added:
    Jan 27, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 26 at 1:05 am

    Property Features for 565 Spears Creek Church Road

    General Information

    Standard status
    Active
    Size
    8,450 SF
    Property subtype
    Retail

    Spaces For Lease

    at 565 Spears Creek Church Road Contact us

    We can help!

    Listing Contact
    Rob Lapin

    Listing agent Rob Lapin

    Listing office

    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 Rob Lapin

    Overview

    New Retail/Office/Medical Space Available

    This newly constructed retail, office, or medical space is located on Spears Creek Church Road in Northeast Columbia. Spaces are available ranging in size from approximately 1,300 to 7,525 square feet. The property features new, high-end retail custom design and construction. Direct curb-cut access is available onto Spears Creek Church Road. Highly visible building parapet signage is available. An end cap space with a grease trap is available. The location benefits from a traffic volume of 11,100 vehicles per day on Spears Creek Church Road.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kershaw
    State
    South Carolina
    Longitude
    -80.8451
    Latitude
    34.1162

    Nearby Similar for Lease

    • $7/mo

      Flex/Industrial Space in Northeast Columbia

      Flex/industrial space with easy access to I-20 and I-77.
      170 Pontiac Business Center Dr., Elgin, SC 29045
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      Retail End-Cap with Drive-Thru Potential

      1,750 SF retail space with drive-thru potential in Elgin.
      566 Spears Creek Church Rd, Elgin, SC
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      New Retail/Office/Medical Space

      Newly constructed space on rapidly growing Spears Creek Church Road.
      565 Spears Creek Church Rd, Elgin, SC 29045
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    • Contact for pricing

      Office/Retail/Restaurant Spaces For Rent

      Office, retail, and restaurant spaces available in growing commercial corridor.
      566 Spears Creek Church Rd, Elgin, SC 29229
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      Subdividable Manufacturing Facility in Elgin

      190,495 SF manufacturing facility on 78.23 acres for lease.
      2400 Main St, Elgin, SC 29045
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail, office, or medical spaces available in NE Columbia.
    Where is this retail space located?
    The property is located at 565 Spears Creek Church Road Elgin, SC.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Located in a rapidly growing area of NE Columbia on Spears Creek Church Road.; New, high‑end retail custom design and construction.; Direct curb‑cut access onto Spears Creek Church Road.
    (803) 567-1536
    We can help!
    Listing Contact
    Rob Lapin
    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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