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    Heavy Industrial Distribution Facility Title is generated by Realmo AI

    9650 Mill Field Road, Columbia, SC 29223

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    Well-maintained single-tenant industrial facility with dock access, office buildout, and 18-foot clear height for distribution or production.

    Type:Industrial
    Property size:
    37,800 SF
    Lot size:
    2.30 Acres
    Price / SF:
    $85/SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 2:36 am

    Property Features for 9650 Mill Field Road

    General Information

    Standard status
    Active
    Size
    37,800 SF
    Lot size
    2.30 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    John Gregory

    Listing agent John Gregory License #SC 99938

    Listing office NAI Columbia

    Listing date May 29, 2026

    Source Crexi

    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 NAI Columbia

    HighLights

    • Single‑tenant industrial facility offering 37,800 SF total with 31,800 SF warehouse and 4,850 SF office plus 1,150 SF upstairs storage
    • Warehouse has 20’–22’ ceiling heights and 18’ clear height, supported by gas‑heated warehouse and office HVAC
    • Dock access with three dock positions (open dock access) plus three roll‑up doors
    • 3‑acre site (2.3 acres) zoned HI (Heavy Industrial) in Richland County (TM R22905‑02‑03)
    • Includes strong utility support: three air compressors included
    • Location near major corridors: 1 mile to Two Notch Road (US‑1), 3 miles to I‑77, and 5 miles to I‑20

    Overview

    9650 Mill Field Road is a well-maintained, single-tenant industrial facility totaling approximately 37,800 square feet on a 2.3-acre site. The building includes about 31,800 square feet of warehouse space, along with roughly 4,850 square feet of office space and approximately 1,150 square feet of upstairs storage. Clear height in the warehouse is listed at 18 feet, with 20 to 22 foot ceiling heights overall, and the facility has three dock positions with open dock access. There are also two roll-up doors. The warehouse is gas-heated, and the office has HVAC. Three air compressors are included with the property.

    The property is located in Northeast Columbia, South Carolina, with access to major regional corridors. It is described as being about one mile to Two Notch Road (US-1), three miles to I-77, five miles to I-20, and 15 miles to Downtown Columbia. The facility is zoned HI (Heavy Industrial) in Richland County.

    For industrial users seeking a facility that combines functional warehouse space with an onsite office component, the configuration supports manufacturing, distribution, warehouse, or production operations. Dock access, gas heat, and the stated clear height provide practical utility for day-to-day loading and industrial workflows within a heavy industrial zoning framework.
    Location Intelligence

    Current Use by Public Records

    Wilsonart Building Supply

    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.

    Similar Places Nearby

    • Storage Express — 10135 Two Notch Rd, Columbia, SC 29223
    • Self-Storage at U-Haul — 1117 Sparkleberry Ln Ext, Columbia, SC 29223
    • Devon Self Storage — 10020 Two Notch Rd, Columbia, SC 29223

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -80.8912
    Latitude
    34.115744

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    FAQs

    What type of property is this?
    Warehouse - Well-maintained single-tenant industrial facility with dock access, office buildout, and 18-foot clear height for distribution or production.
    Where is this warehouse located?
    The property is located at 9650 Mill Field Road Columbia, SC.
    What is the asking price?
    The asking price for this property is $3,213,000.
    What are key features of this property?
    This property features: Single‑tenant industrial facility offering 37,800 SF total with 31,800 SF warehouse and 4,850 SF office plus 1,150 SF upstairs storage; Warehouse has 20’–22’ ceiling heights and 18’ clear height, supported by gas‑heated warehouse and office HVAC; Dock access with three dock positions (open dock access) plus three roll‑up doors
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Gregory
    Real Estate License ID: SC 99938
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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.

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