Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    565 Spears Creek Church Rd Elgin, SC 29045
    Back to Search
    Property profile & analytics

    565 Spears Creek Church Rd, Elgin, SC 29045

    View on Map
    • Retail properties & Spaces
    • 8,450 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 565 Spears Creek Church Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Spears Creek Plaza, a newly constructed retail and office building in Elgin, South Carolina, offers exceptional medical office space. Located at 565 Spears Creek Church Rd, zip code 29045, this property boasts a total of 8,450 square feet and comprises three suites. Currently, 3,943 square feet of space is available, divisible into units ranging from a minimum of 1,300 square feet to a maximum contiguous space of 1,343 square feet. The building is categorized as both retail and office, with a specific focus on medical office tenants. Its prime location in Richland County provides easy access for patients and staff. The modern design and flexible suite sizes make this an ideal location for a variety of medical practices seeking efficient and attractive office space. This is a multi-tenant building offering a great opportunity for medical professionals to establish or expand their practices in a thriving community. The available space presents a chance to secure a well-appointed, newly constructed office in a convenient and accessible location. Interested parties should inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Richland
    State
    South Carolina
    Longitude
    -80.8359
    Latitude
    34.1109

    Comparable in this City

    • Value Estimation by Request
      66,773 SF

      10526 Two Notch Rd

      Restaurants
      10526 Two Notch Rd, Elgin, SC 29045
      View Details
    • Value Estimation by Request
      2,308 SF

      2521 Main St

      MEDICAL BUILDING
      2521 Main St, Elgin, SC 29045
      View Details
    • Value Estimation
      $1,090,000
      9,397 SF

      2689 Hwy 1st S

      MEDICAL BUILDING
      2689 Hwy 1st S, Elgin, SC 29045-9055
      View Details
    • Value Estimation by Request
      2,800 SF

      1 Million In Sales!!

      Restaurants
      1 Million In Sales!!, Pine Valley, SC 29045
      View Details
    • Value Estimation by Request
      1,740 SF

      901 White Pond Rd

      OFFICE (GENERAL)
      901 White Pond Rd, Elgin, SC 29045-9428
      View Details
    • Value Estimation by Request
      0.91 Acres

      2446 Main St

      Individual retail properties
      2446 Main St, Elgin, SC 29045
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,815 SF

      Restaurant with Redevelopment Potential

      Existing restaurant near schools and military base with redevelopment potential.
      941 Spears Creek Ct, Elgin, SC 29045
      View Details
    • Contact for pricing
      1,934 SF

      Elgin Office Building For Sale

      Standalone office building in Elgin, SC, with expansion potential.
      1253 Pine St, Elgin, SC 29045
      View Details
    • $399,900
      2,400 SF

      Elgin Commercial Live/Work Space

      Versatile Elgin property, 2400 sq ft, 0.92 acres.
      2446a Main St, Elgin, SC 29045
      View Details
    • Contact for pricing
      4,824 SF

      I-20 Frontage NNN Investment Opportunity

      NNN property with long-term lease and high traffic location.
      829 White Pond Rd, Elgin, SC 29045
      View Details
    • $165,360
      13.73 Acres

      Elgin Vacant Land Opportunity

      Acreage living near Blythewood, build your dream home!
      0032 Hidden Valley Rd, Elgin, SC 29045
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr

      New Retail/Office/Medical Space Available

      New retail, office, or medical spaces available in NE Columbia.
      565 Spears Creek Church Rd, Elgin, SC 29045
      View Details
    • $7 SF/Yr
      15,140 SF

      Elgin, SC Industrial Space For Lease

      Versatile warehouse/office space in Elgin, SC.
      170 Pontiac Business Center Dr, Elgin, SC 29045
      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 29045
      View Details
    • Contact for pricing
      146,483 SF

      Elgin Office Space Available

      Office space available for lease in Elgin, South Carolina.
      565 Spears Creek Church Rd, Elgin, SC 29045
      View Details
    • Contact for pricing
      146,483 SF

      Elgin Office Space For Lease

      Office space available for lease in Elgin, South Carolina.
      501 Spears Creek Church Rd, Columbia, SC 29045
      View Details
    • $7 SF/Yr

      Flex/Industrial Space in Northeast Columbia

      Flex/industrial space with easy access to I-20 and I-77.
      170 Pontiac Business Center Dr, Elgin, SC 29045
      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.
    565 Spears Creek Church Rd
    Elgin, SC 29045
    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

    Thank You for Inquiry
    565 Spears Creek Church Rd, Elgin, SC, 29045
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!