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    1084 Lake Murray Blvd Irmo, SC 29063
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    Property profile & analytics

    1084 Lake Murray Blvd Irmo, SC 29063

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    • Office buildings
    • 4,900 SF
    • 1.04 lot acres
    For Sale
    $950,000
    View Listing →
    Prime Irmo Commercial Land Opportunity For Sale
    $950,000
    4,956 SF

    Prime Irmo Commercial Land Opportunity

    High-visibility commercial land in Irmo, SC, ready for development.

    1084 Lake Murray Blvd, Irmo, SC
    View Listing
    Property ID
    US77-0403354
    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.
    Value Estimations
    Cap Rate Potential
    5.5%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • David Brock Commercial Agent SC / Real Estate Agency
    • Movement Mortgage / Loan Service / Bank
    • Nick Wall - ERA Wilder Realty / Real Estate Agency
    • Eyamba The Realtor / Real Estate Agency
    • Allison Price - ERA Wilder Realty, Inc. / Real Estate Agency

    Property Details for 1084 Lake Murray Blvd

    Year built
    2007
    Lot size
    1.04 lot acres
    Property size
    4,900 SF
    Property type
    Office buildings
    APN
    001925-06-001
    APU
    192506001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,285,000
      ML approach
      $1,195,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,170,000
      6.5%
      $1,080,000
      7%
      $1,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $842,000
      Market price range: $412k - $843k
      AI Estimate
      $863,000
      Market price range: $435k - $864k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,040,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Irmo
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1786
    Latitude
    34.0884
    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
    $26,078
    $18,720
    $41,466
    $60,186
    -
    $312,000
    $691,100
    $1,003,100

    Comparable in this City

    • Value Estimation by Request
      1,390 SF

      140 Friarsgate Blvd

      OFFICE BUILDING • 1,390 SF
      140 Friarsgate Blvd, Irmo, SC 29063-2447
      View Details
    • Value Estimation
      $570,000
      3,336 SF

      1061 Lk Murray Blvd

      OFFICE BUILDING • 3,336 SF
      1061 Lk Murray Blvd, Irmo, SC 29063-2824
      View Details
    • Value Estimation
      $700,000
      4,132 SF

      1009 Lk Murray Blvd

      OFFICE BUILDING • 4,132 SF
      1009 Lk Murray Blvd, Irmo, SC 29063-2824
      View Details
    • Value Estimation by Request
      3,492 SF

      1345 Lk Murray Blvd

      OFFICE BUILDING • 3,492 SF
      1345 Lk Murray Blvd, Irmo, SC 29063-2839
      View Details
    • Value Estimation by Request
      2,206 SF

      7229 Woodrow St

      OFFICE BUILDING • 2,206 SF
      7229 Woodrow St, Irmo, SC 29063
      View Details
    • Value Estimation by Request
      2,785 SF

      7313 College St

      OFFICE BUILDING • 2,785 SF
      7313 College St, Irmo, SC 29063-2902
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,904 SF

      High Visibility Office/Retail Building

      3792 SF office/retail building in excellent condition.
      7328 Broad River Rd, Irmo, SC 29063
      View Details
    • Contact for pricing
      7,600 SF

      Irmo Office Investment Opportunity

      Multi-building office property in Irmo, SC, near Lake Murray Boulevard.
      7434 Forest Ct, Irmo, SC 29063
      View Details
    • $499,000
      3,566 SF

      Irmo Office Building For Sale

      Fully leased office building with ample parking in Irmo.
      3561 Dreher Shoals Rd, Irmo, SC 29063
      View Details
    • $564,000
      4,784 SF

      Brick Office Building For Sale

      4700+/- SF office building in high-traffic area.
      10216 Broad River Rd, Irmo, SC 29063
      View Details
    • Contact for pricing

      Office Property Near Interstate I-26

      Office property with convenient access to residential and retail hubs.
      7440 Broad River Rd, Irmo, SC 29063
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1,200 SF

      Irmo Office Space For Rent

      Office space for rent in Irmo, SC with versatile layout.
      1036 Kinley Rd, Irmo, SC 29063
      View Details
    • $10 SF/Yr

      Flex Space Near I-26

      3,000 SF flex space with office, warehouse, and laydown yard.
      7120 Broad River Rd, Irmo, SC 29063
      View Details
    • $15,000 /Mo
      2,478 SF

      Irmo Office Space For Rent

      Office space available for lease in Irmo, South Carolina.
      10020 Broad River Rd, Irmo, SC 29063
      View Details
    • Contact for pricing

      Flex Space For Lease

      3,000 SF flex space available 11 miles from Columbia.
      7120 Broad River Rd, Irmo, SC 29063
      View Details
    • Contact for pricing

      Irmo Industrial Flex Space

      Industrial flex space with I-26 visibility and fenced yard.
      431 Western Ln, Irmo, SC 29063
      View Details
    • $5,400 /Mo

      Land For Rent Irmo

      Land available for rent in Irmo, South Carolina.
      614 Koon Rd, Irmo, SC 29063
      View Details
    View Listing
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    Irmo, SC 29063
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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.

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