Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1716 Main St Columbia, SC 29201
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1716 Main St Columbia, SC 29201

    View on Map
    • Retail properties & Spaces
    • 6,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shvaas Spa & Salt Cave / Gym & Fitness Center / Alternative Medicine Practice

    Property Details for 1716 Main St

    Year built
    1939
    Property size
    6,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -81.0366
    Latitude
    34.0085

    Comparable in this City

    • Value Estimation by Request
      26,000 SF

      1401-1469 Sumter St

      Restaurants • 26,000 SF
      1401-1469 Sumter St, Columbia, SC 29201
      View Details
    • Value Estimation by Request
      27,000 SF

      120-148 Assembly St

      Individual retail properties • 27,000 SF
      120-148 Assembly St, Columbia, SC 29201
      View Details
    • Value Estimation by Request
      16,000 SF

      1276 Assembly St

      Retail properties & Spaces • 16,000 SF
      1276 Assembly St, Columbia, SC 29201
      View Details
    • Value Estimation by Request
      3,900 SF

      1225-1229 Lincoln St

      Restaurants • 3,900 SF
      1225-1229 Lincoln St, Columbia, SC 29201
      View Details
    • Value Estimation by Request
      26,302 SF

      1207-1217 Sunset Blvd

      Restaurants • 26,302 SF
      1207-1217 Sunset Blvd, Columbia, SC 29201
      View Details
    • Value Estimation by Request
      4,500 SF

      2222 Sumter St

      Office Units • 4,500 SF
      2222 Sumter St, Columbia, SC 29201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,760 SF

      Downtown Columbia Retail Space

      Retail space for sale in downtown Columbia.
      1208 Laurel St, Columbia, SC 29201
      View Details
    • Contact for pricing
      12,170 SF

      Historic Building in The Vista

      Historic building with parking lot suitable for mixed-use development.
      925 Park St, Columbia, SC 29201
      View Details
    • Contact for pricing
      9,916 SF

      Freestanding Building with Drive-Thru

      Freestanding 9,916 SF building with drive-thru on 1.14 acres.
      1720 Taylor St, Columbia, SC 29201
      View Details
    • Contact for pricing
      18,779 SF

      Downtown Columbia Retail Opportunity

      Fully leased, renovated retail property in vibrant downtown location.
      1619 Main St, Columbia, SC 29201
      View Details
    • Contact for pricing
      12,170 SF

      Vista Redevelopment Opportunity

      Redevelopment opportunity in the heart of The Vista.
      923-925 Gervais St, Columbia, SC 29201
      View Details
    • Contact for pricing
      12,170 SF

      Mixed-Use Building Near USC Campus

      Two-story building with retail, restaurant, and office space.
      1217 Park St, Columbia, SC 29201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Prime Retail Space on Main

      3,500 SF retail space in the heart of Columbia.
      1500 Main St, Columbia, SC 29201
      View Details
    • Contact for pricing

      Riverfront Office and Retail Space

      Class A office and retail space in Canalside development.
      325 Taylor St, Columbia, SC 29201
      View Details
    • Contact for pricing
      748 SF

      Retail/Office Space in Vista

      748 SF retail/office space in Columbia's Vista neighborhood.
      1314 Pulaski St, Columbia, SC 29201
      View Details
    • $14 SF/Yr

      Historic Mixed-Use Building on Main

      Mixed-use building in Columbia's Central Business District.
      1350 Main St, Columbia, SC 29201
      View Details
    • Contact for pricing
      7,600 SF

      7,600 SF Retail/Office Space

      Second floor retail or office space near USC.
      128-136 S Assembly St, Columbia, SC 29201
      View Details
    • Contact for pricing
      1,876 SF

      Office & Retail Space Available

      Office and retail spaces available at SOLA Station.
      630 Canalside St, Columbia, SC 29201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1716 Main St
    Columbia, SC 29201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!