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    264 Harbison Blvd Columbia, SC 29212
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    264 Harbison Blvd, Columbia, SC 29212

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    • Retail properties & Spaces
    • 317,305 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jimmy Jazz / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • It's My Quince / Film Production / Television Studio
    • Harbison Court / Shopping Center & Mall
    • Nordstrom Rack / Clothing Store
    • Handel's Homemade Ice Cream / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 264 Harbison Blvd

    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    Harbison Court, located at 264 Harbison Blvd in Columbia, South Carolina, presents a prime retail opportunity within a multi-tenant building. This Lexington County property offers a total of 317,305 square feet of retail space, with a significant portion currently available for lease. The flexible layout allows for various tenant needs, accommodating spaces ranging from a minimum of 915 square feet to a maximum contiguous space of 16,575 square feet. Currently, 17,490 square feet is vacant and ready for immediate occupancy. The property's convenient location in the 29212 zip code provides excellent visibility and accessibility for businesses seeking a strong presence in the Columbia market. This is an exceptional opportunity for retailers seeking a well-established location with ample space to accommodate their operations. The property is classified as a convenience store subtype within the retail sector. Interested parties are encouraged to inquire about lease terms and available space configurations. The property's address is easily accessible and situated within a thriving commercial area. This presents a unique chance to establish or expand a retail business in a high-traffic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1578
    Latitude
    34.0725

    Comparable in this City

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      6340 Saint Andrews Rd

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      6014 Saint Andrews Rd

      CONVENIENCE STORE
      6014 Saint Andrews Rd, Columbia, SC 29212-3120
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      1,352 SF

      235 Harbison Blvd

      CONVENIENCE STORE
      235 Harbison Blvd, Columbia, SC 29212
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    • Value Estimation
      $1,000,000
      4,400 SF

      334 Harbison Blvd

      CONVENIENCE STORE
      334 Harbison Blvd, Columbia, SC 29212-2287
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    • Value Estimation by Request
      2,480 SF

      7353 Nursery Rd

      CONVENIENCE STORE
      7353 Nursery Rd, Columbia, SC 29212-1009
      View Details

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      Retail Space in Harbison Corridor

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      Retail Space in Harbison Corridor

      Retail space for lease in Columbia's prime retail corridor.
      131 Harbison Blvd, Columbia, SC 29212
      View Details
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    Columbia, SC 29212
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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.

    More about this property
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    264 Harbison Blvd, Columbia, SC, 29212
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