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    Property profile & analytics

    4408 Forest Dr Columbia, SC 29206

    • Office Properties & Spaces
    • 19,266 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wells Fargo ATM / Atm
    • George W. DuRant / Certified Public Accountant / Accountant
    • Ben Yglesias - Registered Representative: Michael Oana Retirement Planning Specialist / Financial Planner
    • Wells Fargo Advisors / Investment Service
    • TheKey - Formerly Home Care Assistance / Home Health Care Service / Home Help

    Property Details for 4408 Forest Dr

    Property size
    19,266 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This exceptional office property, located at 4408 Forest Drive in Columbia, South Carolina, offers a variety of flexible spaces ideal for businesses of all sizes. The building, a Class B property totaling 19,266 square feet, underwent renovations in 2019, ensuring modern amenities and a comfortable work environment. Currently, there are two suites available, with a minimum leasable space of 1,979 square feet and a maximum contiguous space of 3,200 square feet

    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
    -80.9742
    Latitude
    34.0207

    Comparable in this City

    • Value Estimation by Request
      14,660 SF

      1514 Brentwood Dr

      Office space • 14,660 SF
      1514 Brentwood Dr, Columbia, SC 29206
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    • Value Estimation by Request
      126,002 SF

      2750 Bernardin Ave

      Medical offices • 126,002 SF
      2750 Bernardin Ave, Columbia, SC 29206
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    • Value Estimation by Request
      18,000 SF

      4825 Forest Dr

      Restaurants • 18,000 SF
      4825 Forest Dr, Columbia, SC 29206
      View Details
    • Value Estimation by Request
      19,266 SF

      4408 Forest Dr

      Office Properties & Spaces • 19,266 SF
      4408 Forest Dr, Columbia, SC 29206
      View Details
    • Value Estimation by Request

      116 Mayhaw Dr

      Land
      116 Mayhaw Dr, Columbia, SC 29206
      View Details
    • Value Estimation by Request
      42,000 SF

      4701 Forest Dr

      Restaurants • 42,000 SF
      4701 Forest Dr, Forest Acres, SC 29206
      View Details

    Similar Nearby for Sale

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      Forest Acres Residential Lot

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      Forest Acres Build-Ready Lot

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      Forest Acres Residential Lot

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    • $1,000,000
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      Corner Commercial Land For Sale

      Corner lot available for sale or lease in Columbia.
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    Similar Nearby for Lease

    • $17 SF/Yr
      4,106 SF

      Forest Acres Office Space Available

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      4700 Forest Dr, Columbia, SC 29206
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    • $33 SF/Yr
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      Brentwood at Forest Drive: Creative Office Space

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      Forest Acres Office Space Available

      Office space in a sought-after location with monument signage.
      4875 Forest Dr, Columbia, SC 29206
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    • $2,200 /Mo
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      Forest Acres Office Space Available

      Office space with conference room, breakroom, and parking.
      1620 Willingham Dr, Columbia, SC 29206
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    • $18 SF/Yr
      19,266 SF

      Forest Acres Office Space for Lease

      Columbia Office Suites - 1,979 - 3,200 SF
      4408 Forest Dr, Columbia, SC 29206
      View Details
    • $24 SF/Yr
      126,002 SF

      Columbia Office Space for Lease

      Three buildings, flexible suites available.
      2750 Bernardin Ave, Columbia, SC 29206
      View Details
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    4408 Forest Dr
    Columbia, SC 29206
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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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