Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Summit Pkwy Columbia, SC 29229

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Summit Pkwy Columbia, SC 29229

    View on Map
    • Land
    • 2.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Summit / Housing Development
    • Dr. Lynn N. Snoddy, MD / Physician
    • Thomas S. Davant VI DMD MS / Dental Office
    • Family Orthodontics - Columbia / Dental Office
    • Brookland Baptist Church Northeast / Church

    Property Details for 0 Summit Pkwy

    Lot size
    2.25 lot acres
    Property type
    Land

    Description

    This exceptional 2.25-acre commercial land parcel presents a significant investment opportunity in Columbia, South Carolina. Located on Hardscrabble Road and Summit Parkway, this property enjoys high visibility due to its frontage on Summit Parkway and its adjacency to a Lidl Grocery Store. The site is zoned for commercial use within the Summit PDD, a desirable development area. Its 2.25 acres provide ample space for a variety of commercial ventures, including retail businesses, restaurants, or office spaces. The property's strategic location in Richland County, with a zip code of 29229, offers excellent access to major transportation routes and a thriving consumer base. This is a rare opportunity to acquire a well-situated commercial lot in a rapidly growing area of Columbia, offering significant potential for future development and strong returns. The asking price for this prime commercial land is $750,000. The property's location offers unparalleled access and visibility, making it an ideal choice for businesses seeking a high-traffic location. This is a truly exceptional opportunity to establish a thriving business in a vibrant and growing community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -80.9082
    Latitude
    34.1585

    Comparable in this City

    • Value Estimation by Request
      2.35 Acres

      Hardscrabble Rd. & Lee Rd

      Land • 2.35 Acres
      0 Hardscrabble Rd. & Lee Rd, Columbia, SC 29229
      View Details
    • Value Estimation by Request
      7.74 Acres

      224 Longtown Rd

      Land • 7.74 Acres
      224 Longtown Rd, Columbia, SC 29229
      View Details
    • Value Estimation by Request
      2.15 Acres

      2113 Hard Scrabble Rd

      Land • 2.15 Acres
      2113 Hard Scrabble Rd, Columbia, SC 29229
      View Details
    • Value Estimation by Request
      1.35 Acres

      Longtown Rd

      Land • 1.35 Acres
      0 Longtown Rd, Columbia, SC 29229
      View Details
    • Value Estimation by Request
      0.72 Acres

      567 Spears Crk Church Rd

      Land • 1 SF
      567 Spears Crk Church Rd, Columbia, SC 29229
      View Details
    • Value Estimation by Request
      15.00 Acres

      Clemson Rd

      Land • 15.00 Acres
      0 Clemson Rd, Columbia, SC 29229
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available For Sale

      Land available for sale at I-20 & Percival Road.
      I-20 & Percival Rd, Columbia, SC 29229
      View Details
    • Contact for pricing

      Land Available with Utilities

      Land with all utilities available and shared stormwater detention.
      718 Clemson Rd, Columbia, SC 29229
      View Details
    • New
      Contact for pricing
      0.35 Acres

      Residential Land in Columbia, SC

      Residential land available in Columbia, South Carolina.
      N/S Percival Rd NE, Columbia, SC 29229
      View Details
    • Contact for pricing

      Corner Lot for Development

      Approximately 1.6 acres available for development.
      2744 Clemson Rd, Columbia, SC 29229
      View Details
    • $2,000,000

      Land Near I-20 Available

      Commercial land with utilities, minutes from I-20, for sale.
      4383 Percival Rd, Columbia, SC 29229
      View Details
    • $900,000
      24.00 Acres

      Columbia Acreage Ready For Development

      24+/- acres of pastureland with timber and two ponds.
      711 Longtown Rd, Columbia, SC 29229
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Rent

      Land available for rent on Two Notch Road.
      10148 Two Notch Rd, Columbia, SC 29229
      View Details
    • Contact for pricing

      Land for Lease in Columbia

      Commercial land available for lease in Columbia, South Carolina.
      Hard Scrabble Rd & Elders Pond Dr, Columbia, SC 29229
      View Details
    • Contact for pricing

      Retail Outparcel in Growing Corridor

      Prime retail opportunity between Publix and Lidl on Hard Scrabble Rd.
      Hard Scrabble Rd, Columbia, SC 29229
      View Details
    • Contact for pricing

      Land for Retail Development

      Land available for lease in planned retail development.
      Hard Scrabble Rd & Elders Pond Dr, Columbia, SC 29229
      View Details
    • Contact for pricing
      1,892 SF

      Retail Space For Lease

      Retail space available for lease in Columbia, South Carolina.
      4600 Hard Scrabble Rd, Columbia, SC 29229
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space in Columbia, SC, near Lake Carolina.
      5 Lake Carolina Way, Columbia, SC 29229
      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.
    Summit Pkwy
    Columbia, SC 29229
    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!