Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    120 Forum Dr Columbia, SC 29229

    Property Lookup

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

    120 Forum Dr Columbia, SC 29229

    View on Map
    • Lifestyle centers
    • 117,017 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clear Talk / Mobile Phone Store / Electronics & Wireless Store
    • Stephen D. Dixon, RPH / Pharmacy
    • Western Union / Bank / Credit Union
    • Erica Mitchell / Pharmacy
    • Lowes Foods Village at Sandhill / Grocery & Convenience Store / Food Market

    Property Details for 120 Forum Dr

    Year built
    2005
    Property size
    117,017 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Village at Sandhill Marketplace offers 117,017 square feet of retail space in Columbia, South Carolina's affluent Northeast region. This 2005-built, three-building shopping center is anchored by Lowes Foods and strategically located at the intersection of Clemson Road and North Springs Road. The property boasts a minimum divisible space of 1,085 square feet and a maximum contiguous space of 3,525 square feet, with 9,910 square feet currently vacant. Situated within a 300-acre multi-phase lifestyle center, it benefits from a dense population and strong demographics. The center is part of a larger development encompassing office, medical, entertainment, recreational, and residential components, creating a vibrant and diverse community. This single-story property presents a unique opportunity for businesses seeking high-visibility locations within a thriving retail environment. The property's location within a larger lifestyle center provides significant foot traffic and exposure to a wide range of potential customers. The available space is ideal for a variety of retail uses, including restaurants and specialty shops. The property's strong anchor tenant and established location make it an attractive investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Orangeburg
    State
    South Carolina
    Longitude
    -80.8812
    Latitude
    34.1336

    Comparable in this City

    • Value Estimation by Request
      48,148 SF

      2114 Clemson Rd

      Retail properties & Spaces • 48,148 SF
      2114 Clemson Rd, Columbia, SC 29229
      View Details
    • Value Estimation by Request
      5,463 SF

      Hard Scrabble Rd

      Land • 5,463 SF
      0 Hard Scrabble Rd, Columbia, SC 29229
      View Details
    • Value Estimation by Request
      2.30 Acres

      Hard Scrabble Rd

      Land • 2.30 Acres
      0 Hard Scrabble Rd, Columbia, SC 29229
      View Details
    • Value Estimation by Request
      117,017 SF

      120 Forum Dr

      Retail properties & Spaces • 117,017 SF
      120 Forum Dr, Columbia, SC 29229
      View Details
    • Value Estimation by Request
      2.12 Acres

      Rice Mdw Way

      COMMERCIAL (GENERAL) • 2.12 Acres
      Rice Mdw Way, Columbia, SC 29229
      View Details
    • Value Estimation by Request
      0.24 Acres

      Hard Scrabble Rd

      COMMERCIAL (GENERAL) • 0.24 Acres
      Hard Scrabble Rd, Columbia, SC 29229
      View Details

    Similar Nearby for Sale

    • $1,500,000
      7,000 SF

      Restaurant Space For Sale

      7000+/- SF restaurant with high traffic location.
      200 Graces Way, Columbia, SC 29229
      View Details
    • Contact for pricing
      17,559 SF

      Retail and Office Space Available

      17,559 SqFt retail and office space for sale.
      300 Long Pointe Ln, Columbia, SC 29229
      View Details
    • Contact for pricing

      Retail Outparcel on Hard Scrabble

      Prime retail development opportunity in a fast-growing Columbia corridor.
      Hard Scrabble Rd, Columbia, SC 29229
      View Details
    • Contact for pricing
      85,800 SF

      85,000 SF Retail Investment Opportunity

      85,000 SF building leased to Flight Adventure Park.
      741 Fashion Dr, Columbia, SC 29229
      View Details
    • Contact for pricing

      Mr. Suds Car Wash

      Car wash and retail property for sale in Columbia, SC.
      1980 Clemson Rd, Columbia, SC 29229
      View Details
    • Contact for pricing

      Established Liquor Store on Two Notch

      High-traffic location ideal for retail or investment.
      10155 Two Notch Rd, Columbia, SC 29229
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      93,218 SF

      Columbia Retail Center - Prime Location

      High-traffic retail space, excellent visibility.
      253 Forum Dr, Columbia, SC 29229
      View Details
    • Contact for pricing

      Office/Restaurant/Retail Space For Rent

      Office, restaurant, and retail spaces available in growing commercial corridor.
      566 Spears Creek Church Rd, Columbia, SC 29229
      View Details
    • Contact for pricing

      Office/Retail/Restaurant Spaces For Rent

      Office, retail, and restaurant spaces available in growing commercial corridor.
      566 Spears Creek Church Rd, Elgin, SC 29229
      View Details
    • Contact for pricing

      Restaurant Spaces in Renovated Center

      Restaurant opportunities available in a recently renovated Northeast Columbia center.
      2000 Clemson Rd, Columbia, SC 29229
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Columbia, SC

      Publix-anchored shopping center with high visibility in Columbia, SC.
      4611 Hard Scrabble Rd, Columbia, SC 29229
      View Details
    • Contact for pricing

      Retail Space at The Crossings

      Retail space for lease in renovated shopping center.
      2114 Clemson Road Ext, 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.
    120 Forum Dr
    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!