Redevelopment Retail
For Sale
Contact for pricing
9009 Two Notch Road, Columbia, SC 29223
Retail space on a redevelopment site with approximately 4,327 SF available for sale.
Property Size4,327 SF
Lot Size1.03 Acres
Price / SF$254.22
Days on Market182
Property Features for 9009 Two Notch Road
General Information
Standard status
Active
Size
4,327 SF
Lot size
1.03 Acres
Property subtype
Retail
Zoning
General Commercial (GC)
Building Details
Year Built
1988
Stories
1
Listing Agency:
Wilson Kibler
Listed By:
John Mills · License #SC 97905
(803) 255-8628
Source:
Crexi
Added: Mar 14
Changed: Sep 3
Last Checked: Sep 11 at 6:07AM
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 Wilson Kibler
Investment Insights
Based on property information with market context.
The offering includes approximately 4,327 SF of retail space situated on a redevelopment site for sale. The property’s stated land size is approximately 1.03 acres, providing an opportunity to reimagine the existing site for future retail use.
The property is located at 9009 Two Notch Road in Columbia, SC 29223. The transaction is structured as a for-sale redevelopment opportunity.
Prospective buyers should review the property details and redevelopment requirements directly, as no additional building features, current tenant status, or improvements are provided in the information available.
The property is located at 9009 Two Notch Road in Columbia, SC 29223. The transaction is structured as a for-sale redevelopment opportunity.
Prospective buyers should review the property details and redevelopment requirements directly, as no additional building features, current tenant status, or improvements are provided in the information available.
Key Highlights
- Approximately 4,327 SF retail space available for sale
- Redevelopment site for sale on approximately 1.03 AC
- Year built: 1988
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
$61,499
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
5.59%
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%
$1,229,980
$1.2M
Cap Rate 7%
$878,557
$878.6K
Cap Rate 9%
$683,322
$683.3K
Market Conditions
NOI Build-Up for 4,327 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
$93.5K $21.60/SF
− Vacancy
−$5.6K −$1.30/SF
EGI
$87.9K $20.30/SF
− OpEx
−$26.4K −$6.09/SF
NOI
$61.5K $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%
$1,229,980
Cap Rate 7%
$878,557
Cap Rate 9%
$683,322
Alternative Uses
Best Use
Retail
$878.6K
$768.7K – $1.02M
NOI $61,499 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$932.3K – $1.24M
NOI $74,584 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Groceries 28%
Dining 21%
Superstores 18%
Food Lion Grocery Store
Groceries
36,351 visits/mo
0.2 miles
Big Lots
Superstores
24,137 visits/mo
0.3 miles
Dollar Tree
Shops & Services
20,177 visits/mo
0.2 miles
Starbucks
Dining
16,477 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,559 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space on a redevelopment site with approximately 4,327 SF available for sale.
Where is this retail space located?
The property is located at 9009 Two Notch Road Columbia, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 4,327 SF retail space available for sale; Redevelopment site for sale on approximately 1.03 AC; Year built: 1988
