General Commercial Retail
For Sale
Contact for pricing
7019 Parklane Rd, Columbia, SC 29223
Zoned GC and positioned next to Columbia Mall with convenient access to I-20, I-277, and Two Notch Road.
Property Size4,000 SF
Price / SF$171.25
Days on Market252
Property Features for 7019 Parklane Rd
General Information
Standard status
Active
Size
4,000 SF
Property subtype
RETAIL
Listing Agency:
CBRE | Columbia
(803) 779-7777
Listed By:
David Stuck
(803) 744-6840
Source:
Moodyscre
Added: Jan 2
Changed: Aug 10
Last Checked: Sep 11 at 7:37AM
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 CBRE | Columbia
Investment Insights
Based on property information with market context.
This retail building offers approximately ±14,000 SF of space on 10.99 acres, with zoning designated as GC (General Commercial). The property is set up for commercial use within a broader retail environment.
Located adjacent to Columbia Mall, the site is surrounded by various retail and restaurants and provides easy access to I-20, I-277, and Two Notch Road. Parcels will be sold together, keeping the site as a single offering.
With its General Commercial zoning and location near active retail development, the property may be well suited for a range of retail-oriented tenancies seeking convenient regional access.
Located adjacent to Columbia Mall, the site is surrounded by various retail and restaurants and provides easy access to I-20, I-277, and Two Notch Road. Parcels will be sold together, keeping the site as a single offering.
With its General Commercial zoning and location near active retail development, the property may be well suited for a range of retail-oriented tenancies seeking convenient regional access.
Key Highlights
- 4,000 SF building on 0.99 acres
- Zoned GC (General Commercial)
- Adjacent to Columbia Mall and surrounded by retail and restaurants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,851
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,137,020
$1.1M
Cap Rate 7%
$812,157
$812.2K
Cap Rate 9%
$631,678
$631.7K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.4K $21.60/SF
− Vacancy
−$5.2K −$1.30/SF
EGI
$81.2K $20.30/SF
− OpEx
−$24.4K −$6.09/SF
NOI
$56.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,137,020
Cap Rate 7%
$812,157
Cap Rate 9%
$631,678
Alternative Uses
Best Use
Retail
$812.2K
$710.6K – $947.5K
NOI $56,851 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$985.0K
$861.8K – $1.15M
NOI $68,947 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
970
Businesses Nearby
180k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 25%
Apparel 19%
Electronics 2%
Bojangles' Famous Chicken 'n Biscuits
Dining
26,496 visits/mo
0.5 miles
Dollar Tree
Shops & Services
22,903 visits/mo
0.4 miles
Macy's
Apparel
22,264 visits/mo
0.3 miles
McDonald's
Dining
20,481 visits/mo
0.1 miles
Captain D's
Dining
14,384 visits/mo
0.4 miles
Demographics for 29223, SC
52,477
Population
24,142
Households
2.2
Avg Household Size
39
Median Age
36%
College-Educated
90%
High-School Grad
25.3 sq mi
ZIP Area
2,074
Density / Sq Mi
$56,300
Median Household Income
$37,435
Median Earnings
$1,217
Median Rent
$183,800
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Zoned GC and positioned next to Columbia Mall with convenient access to I-20, I-277, and Two Notch Road.
Where is this storefront property located?
The property is located at 7019 Parklane Rd Columbia, SC.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 4,000 SF building on 0.99 acres; Zoned GC (General Commercial); Adjacent to Columbia Mall and surrounded by retail and restaurants
