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    1720 Lake Murray Blvd Columbia, SC 29212

    • Commercial real estate
    • 672 SF
    • 7.33 lot acres
    For Sale
    View listing
    $3,800,000
    Value Estimation
    Last Sale
    Dec 02, 2021
    $520,000
    Location Intelligence
    Property ID
    US77-0599268
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1720 Lake Murray Blvd

    Year built
    1940
    Lot size
    7.33 lot acres
    Property size
    672 SF
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    001998-04-013
    APU
    199804013

    Description

    This exceptional 11.22-acre commercial property, located at 1720 Lake Murray Blvd in Columbia, South Carolina (zip code 29212), presents a significant redevelopment opportunity. Situated in Lexington County, this fully entitled parcel boasts a substantial 520+ feet of frontage along the heavily trafficked four-lane Lake Murray Boulevard (SC Hwy 6) and Weed Drive. The property's strategic location between Irmo, Lake Murray, and the dam leading into Lexington ensures high visibility and accessibility. Zoned ID, this land is ideally suited for a variety of commercial uses, including but not limited to assisted living facilities, storage units, medical offices, or a retail shopping center. All utilities, including water and sewer, are readily available. The APN is 001998-04-013 and 001998-04-120. The asking price for this prime commercial land is $3,800,000. This is a rare opportunity to acquire a large, well-located parcel with significant development potential in a thriving South Carolina market. Don't miss this chance to capitalize on this high-traffic location and create a successful commercial venture.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $555,000
      6.5%
      $540,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $655,000
      Geo Method
      $590,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $550,000
      Retail
      $450,000
      Mixed-Use
      $610,000
      Hospitality
      $605,000
      Educational
      $575,000
      Residential Income
      $510,000
      Energy
      $465,000
      Income-Based Land
      $535,000
      Food Service
      $530,000

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2012
    Latitude
    34.0806
    CBSA code
    17900
    CBSA name
    COLUMBIA, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,020
    $9,081
    $216
    $9,297
    -
    $516,400
    $3,600
    $520,000

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      5024 Fernandina Rd

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    Columbia, SC 29212
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    Realmo Value Estimation

    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.

    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.

    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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