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    1925 Laurel St Columbia, SC 29201

    Sponsored
    For Sale
    $4,300,000

    53,464 SF warehouse, 8% cap rate, strong NOI.

    Property size:
    53,464 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 53,464-square-foot warehouse located at 1925 Laurel St, Columbia, SC 29201. The property, situated on a 2.14-acre lot in Richland County, boasts a desirable location within the Central Business District, offering convenient access to major interstates: I-26 (3 miles), I-20 (4 miles), I-77 (6 miles), and Columbia Airport (9 miles). Built in phases (1963, 1980, 2000), the building features a mix of 20' to 40' ceiling heights, three dock-high doors, and 28 parking spaces. Currently operating under a 7-year net lease (commencing February 29, 2024, and expiring February 27, 2031), the property generates a substantial net operating income (NOI) of $345,641, representing an attractive 8.00% capitalization rate. The asking price is $4,300,000, translating to $80.43 per square foot. The property is zoned for EC-Light Manufacturing & Research & Development. A significant advantage is the presence of solar panels, resulting in a $0 monthly power bill and generating an additional $9,000 annual income for the landlord, supplemented by a $1,750 monthly payment from the tenant specifically for solar panel usage. The building is constructed of metal and masonry. This fully leased asset offers a compelling investment prospect in a thriving South Carolina market with low vacancy rates (3.9% overall, 4.3% in the Southeast Columbia submarket).

    Property Features for 1925 Laurel St

    General Information

    Property type
    Distribution properties
    Square Feet
    53,464 SF
    Lot Size
    93,218 SF

    HighLights

    • One (1) Drive‑in Door
    • Metal and Masonry Construction
    • $9,000 annual solar panel income, offsetting electricity costs; tenant pays additional $1,750/month for solar power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vital Records Control Data Recovery Service

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -81.0249719
    Latitude
    34.0137112

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    FAQs

    What type of property is this?
    Distribution property - 53,464 SF warehouse, 8% cap rate, strong NOI.
    Where is this distribution property located?
    The property is located at 1925 Laurel St Columbia, SC.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: One (1) Drive-in Door; Metal and Masonry Construction; $9,000 annual solar panel income, offsetting electricity costs; tenant pays additional $1,750/month for solar power.
    Request Owner's contact information
    1925 Laurel St Columbia, SC 29201
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    Columbia, SC 29201
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    Realmo Value Estimation

    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.

    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.

    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
    1925 Laurel St Columbia, SC 29201
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