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

    1029 Melody Dr West Columbia, SC 29169-3621

    • Mobile home & RV parks
    • 1,232 SF
    • 2.95 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1469080
    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

    • Mobile home & RV parks

    Property Details for 1029 Melody Dr

    Year built
    1948
    Lot size
    2.95 lot acres
    Property size
    1,232 SF
    Property type
    Mobile home & RV parks
    APN
    004597-04-004
    APU
    459704004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $201,000
      Market price range: $35.4k - $201k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $220,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.111
    Latitude
    34.0014
    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
    $8,840
    $7,710
    $16,144
    $23,854
    -
    $128,500
    $269,053
    $397,553

    Comparable in this City

    • Value Estimation
      $195,000
      832 SF

      529 Taylor St

      MOBILE HOME PARK, TRAILER PARK • 832 SF
      529 Taylor St, West Columbia, SC 29169-5153
      View Details
    • Value Estimation
      $245,000
      8,948 SF

      Double Br Rd

      MOBILE HOME PARK, TRAILER PARK • 8,948 SF
      Double Br Rd, West Columbia, SC 29169
      View Details
    • Value Estimation
      $205,000
      6,270 SF

      1616 Gambrell St

      MOBILE HOME PARK, TRAILER PARK • 6,270 SF
      1616 Gambrell St, West Columbia, SC 29169-5942
      View Details
    • Value Estimation
      $195,000
      3,092 SF

      226 Alexandria St

      MOBILE HOME PARK, TRAILER PARK • 3,092 SF
      226 Alexandria St, West Columbia, SC 29169-4516
      View Details
    • Value Estimation
      $210,000
      4,006 SF

      738 China St

      MOBILE HOME PARK, TRAILER PARK • 4,006 SF
      738 China St, West Columbia, SC 29169-5944
      View Details
    • Value Estimation
      $3,955,000
      136,866 SF

      2827 Leaphart Rd

      MOBILE HOME PARK, TRAILER PARK • 136,866 SF
      2827 Leaphart Rd, West Columbia, SC 29169
      View Details

    Similar Nearby for Sale

    • $600,000
      3.22 Acres

      Close-In Core Location

      Land • 3.22 Acres
      184 Lott Ct, West Columbia, SC 29169
      View Details
    • $325,000

      Vacant Commercial Lot For Sale

      0.61 acre cleared corner lot in West Columbia.
      1040 Meeting St, West Columbia, SC 29169
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    • $425,000

      Land for Sale in Cayce

      2.08 acres of GC zoned land for sale.
      12Th St, Cayce, SC 29169
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    • $525,000
      0.53 Acres

      Versatile Warehouse with Office Space

      Functional warehouse and office space with mezzanine in West Columbia.
      818 Williams St, West Columbia, SC 29169
      View Details
    • $2,100,000
      8.39 Acres

      West Columbia Commercial Land Available

      8.39 acres of commercial land in West Columbia, SC.
      Sunset Blvd, West Columbia, SC 29169
      View Details
    • $2,750,000
      57.93 Acres

      Expansive Acreage in West Columbia

      57.93 acres in West Columbia, a rare development opportunity.
      Platt Spring Rd, West Columbia, SC 29169
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      31,609 SF

      West Columbia Retail Space Available

      High-traffic retail space, West Columbia.
      2305 Augusta Rd, West Columbia, SC 29169
      View Details
    • $9 SF/Yr
      58,207 SF

      Airport Square Office Complex

      Prime Office Space, Multiple Uses
      1618 Airport Blvd, West Columbia, SC 29169
      View Details
    • Contact for pricing
      4,662 SF

      West Columbia Office/Warehouse Space

      4,662 SF office and warehouse space for lease.
      1049 Sunset Blvd, West Columbia, SC 29169
      View Details
    • $20 SF/Yr
      1,711 SF

      Medical Office Near Lexington Medical

      Medical office building for lease near Lexington Medical Center.
      3119 Sunset Blvd, West Columbia, SC 29169
      View Details
    • $4,800 /Mo
      23,087 SF

      Versatile Commercial Space in West Columbia

      Functional warehouse and office space with mezzanine, ideal for various uses.
      818 Williams St, West Columbia, SC 29169
      View Details
    • $16 SF/Yr
      1,300 SF

      Professional Office Space Available

      1,300 SF office space with private offices and reception.
      1087 Harbor Dr, West Columbia, SC 29169
      View Details
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    1029 Melody Dr
    West Columbia, SC 29169-3621
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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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