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

    107 Westpark Blvd Columbia, SC 29210

    • Office buildings
    • 49,998 SF
    • 1.78 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Apr 15, 2022
    $7,250,000
    Value Estimations
    $8,095,000
    Cap Rate Potential
    7.7%
    Office buildings
    Location Intelligence
    Property ID
    US77-0924823
    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

    • FedEx Drop Box / Mailing Service
    • 1F Cash Advance / Loan Agency
    • Coinhub Bitcoin ATM Teller / Atm
    • US Secret Services / Government Office
    • Defualtlink Investigations / Private Investigator

    Property Details for 107 Westpark Blvd

    Year built
    2002
    Lot size
    1.78 lot acres
    Property size
    49,998 SF
    Property type
    Office buildings
    APN
    002898-04-049
    APU
    289804049

    Description

    Located at 107 Westpark Boulevard in Columbia, South Carolina, this exceptional office property offers a variety of flexible spaces ideal for businesses seeking executive or creative office environments. The building totals 49,138 square feet and features four suites, with a minimum divisible space of 1,145 square feet and a maximum contiguous space of 9,548 square feet. Currently, 17,902 square feet are available for lease, providing ample opportunity for expansion or relocation. The property is classified as both Executive and Creative Office space, catering to a diverse range of business needs. The building offers convenient parking, with a ratio of three parking spaces per 1,000 square feet of office space. Situated in Lexington County, South Carolina, with a zip code of 29210, this location provides easy access to major transportation routes and amenities. This multi-tenant building presents a unique opportunity for businesses of various sizes to establish a presence in a thriving area of Columbia. The available space is ready for immediate occupancy, offering a turnkey solution for businesses seeking a modern and efficient workspace. Inquire today to learn more about leasing options and explore the possibilities this prime location offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,275,000
      ML approach
      $8,005,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,560,000
      6.5%
      $9,745,000
      7%
      $9,050,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,360,000
      Market price range: $3.93M - $7.63M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,595,000
      Current use
      RESTAURANT
      $12,020,000
      Change: +115% Conversion: Moderate
      MEDICAL BUILDING
      $10,610,000
      Change: +90% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,090,000
      Change: +9% Conversion: Difficult
      RETAIL STORES
      $5,525,000
      Change: -1% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $5,315,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1333
    Latitude
    34.0616
    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
    $131,877
    $18,606
    $196,985
    $215,591
    -
    $310,100
    $3,283,087
    $3,593,187

    Comparable in this City

    • Value Estimation
      $450,000
      7,128 SF

      234 Outlet Pointe Blvd

      OFFICE BUILDING • 7,128 SF
      234 Outlet Pointe Blvd, Columbia, SC 29210-5667
      View Details
    • Value Estimation
      $1,220,000
      183,776 SF

      300 Outlet Pointe Blvd

      OFFICE BUILDING • 183,776 SF
      300 Outlet Pointe Blvd, Columbia, SC 29210-5658
      View Details
    • Value Estimation
      $200,000
      3,198 SF

      410 Evelyn Dr

      OFFICE BUILDING • 3,198 SF
      410 Evelyn Dr, Columbia, SC 29210-5213
      View Details
    • Value Estimation
      $900,000
      30,848 SF

      3800 Fernandina Rd

      OFFICE BUILDING • 30,848 SF
      3800 Fernandina Rd, Columbia, SC 29210-3861
      View Details
    • Value Estimation
      $530,000
      12,141 SF

      454 Berryhill Rd

      OFFICE BUILDING • 12,141 SF
      454 Berryhill Rd, Columbia, SC 29210-6447
      View Details
    • Value Estimation
      $555,000
      5,166 SF

      455 Saint Andrews Rd

      OFFICE BUILDING • 5,166 SF
      455 Saint Andrews Rd, Columbia, SC 29210-4486
      View Details

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    Similar Nearby for Lease

    • $6 SF/Yr
      6,185 SF

      Office and Warehouse Space Available

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      Office space for rent in energy star-certified buildings.
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      Energy star-certified office buildings with modernized lobbies and free parking.
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      View Details
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    107 Westpark Blvd
    Columbia, SC 29210
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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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