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    7467 St Andrews Rd Irmo, SC 29063
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    7467 St Andrews Rd, Irmo, SC 29063

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    • Retail properties & Spaces
    • 99,384 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 7467 St Andrews Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Irmo Station offers exceptional retail space in the thriving Dutch Fork/Irmo submarket, specifically within the Irmo cluster. This multi-tenant property boasts a total of 99,384 square feet, with three available spaces currently on the market. Each space offers flexibility, with a minimum divisible size of 1,750 square feet and a maximum contiguous space of 2,558 square feet, catering to a variety of retail businesses. The property enjoys a highly visible and accessible location at the busy intersection of Lake Murray Boulevard and St. Andrews Road, ensuring high traffic volume and excellent exposure for tenants. This strategic location within the Town of Irmo provides easy access to a dense residential population and a strong customer base. The property's design and layout are well-suited for a range of retail concepts, making it an ideal opportunity for businesses seeking a prominent presence in a rapidly growing area. The available spaces present a unique chance to establish or expand a retail operation in a prime commercial location with significant foot traffic and visibility. Interested parties are encouraged to inquire for further details and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Irmo
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.185
    Latitude
    34.0868

    Comparable in this City

    • Value Estimation by Request
      99,384 SF

      7467 St Andrews Rd

      Lifestyle centers
      7467 St Andrews Rd, Irmo, SC 29063
      View Details
    • Value Estimation by Request
      2,400 SF

      7711 St. Andrews Rd

      Retail properties & Spaces
      7711 St. Andrews Rd, Irmo, SC 29063
      View Details
    • Value Estimation by Request
      61,935 SF

      800 Lake Murray Blvd

      Retail properties & Spaces
      800 Lake Murray Blvd, Irmo, SC 29063
      View Details
    • Value Estimation by Request
      6.00 Acres

      Broad River Rd

      Retail properties & Spaces
      0 Broad River Rd, Irmo, SC 29063
      View Details
    • Value Estimation by Request
      2,972 SF

      1042 Lk Murray Blvd

      RESTAURANT
      1042 Lk Murray Blvd, Irmo, SC 29063-2821
      View Details
    • Value Estimation by Request
      3,250 SF

      1085 Lk Murray Blvd

      RESTAURANT
      1085 Lk Murray Blvd, Irmo, SC 29063-2828
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,900 SF

      New Construction Zaxby's Restaurant

      New 2,900 SF Zaxby's with double drive-thru for sale.
      1325 Dutch Fork Rd, Irmo, SC 29063
      View Details
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      Signalized Corner Commercial Land

      1.9 acre commercial land in high-growth area.
      10801 Broad River Rd, Irmo, SC 29063
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      Prime Development Land For Sale

      6-acre property with high traffic exposure and development potential.
      Broad River Rd, Irmo, SC 29063
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      2,325 SF

      New Chipotle Restaurant For Sale

      New construction Chipotle with 15-year corporate guaranteed lease.
      1069 Dutch Fork Rd, Irmo, SC 29063
      View Details
    • $2,200,000
      3,010 SF

      Restaurant with Existing Drive-Thru

      3,010 SF restaurant with drive-thru on 1.46 acres.
      10611 Broad River Rd, Irmo, SC 29063
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    Similar Nearby for Lease

    • Contact for pricing
      143,000 SF

      Irmo Retail Space For Lease

      Retail property available for lease in Irmo, South Carolina.
      1201 Lake Murray Blvd, Irmo, SC 29063
      View Details
    • Contact for pricing
      2,560 SF

      Retail Space in Irmo Center

      Retail space available in Publix-anchored Irmo shopping center.
      7320 Broad River Rd, Irmo, SC 29063
      View Details
    • Contact for pricing
      2,992 SF

      Retail Space in Kroger-Anchored Center

      Retail space available in Irmo, South Carolina shopping center.
      7467 St Andrews Rd, Irmo, SC 29063
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, totaling 7,113 square feet.
      101 N Royal Tower Dr, Irmo, SC 29063
      View Details
    • Contact for pricing

      Retail Space on Lake Murray

      Retail space with high visibility and convenient access.
      800 Lake Murray Blvd, Irmo, SC 29063
      View Details
    • Contact for pricing

      Retail Space in Kroger-Anchored Center

      Retail spaces available in a Kroger-anchored shopping center.
      7467 St Andrews Rd, Irmo, SC 29063
      View Details
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    7467 St Andrews Rd
    Irmo, SC 29063
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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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