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Property profile & analytics
FOR SALE
Office buildings
111 Stonemark Ln, Columbia, SC 29210
Entity Owned
26-yr Hold
Free & Clear
Property ID
US77-0678877
For Sale
1 / 2
$1,240,000
111 Stonemark Ln, Columbia, SC 29210
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
9,439 SF
Lot
0.98 ac (42,689 SF)
Zoning code
C1
APN
002898-04-034
UPID
US77-0678877
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Critical Transitions Wealth Advisors Financial Advisor
-
Restaurant Insights Advertising Agency
-
RBH Business Solutions, LLC Tax Preparation
-
Icon Security LLC Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.24M
Owner & transaction history
Westpark Center Assoc LLC · 26 yrs held
Westpark Center Assoc LLC
since 1999
5 recorded transactions
Zoning & alternative use
C1 · Columbia, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+89.7%
Auto repair, garage
$1.2M
+8.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,055,000
Current use
MEDICAL BUILDING
$2,005,000
Change: +90% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,150,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$1,045,000
Change: -1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,005,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$131 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,604
Tax year 2023
Assessed value
$54,482
Assessed 2023
Previous assessed
$54,482
+0.0% YoY
Effective rate
43.32%
On assessed value
Assessed land
$15,366
Assessed improvement
$39,116
Land market value
$256,100
Improvement market value
$651,926
Total market value
$908,026
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1996
Heating
BASEBOARD
Bathrooms
1
Total area
9,439 SF
Lot
0.98 ac (42,689 SF)
Zoning code
C1
APN
002898-04-034
UPID
US77-0678877
Jurisdiction
LEXINGTON
Zoning & alternative use
C1 · Columbia, SC
Zoning C1 · permitted uses
C1 · Columbia, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
BASEBOARD
Bathrooms
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Westpark Center Assoc LLC
Entity
Free & Clear · 26 yrs held
Mailing address
504 RHETT ST STE #200, GREENVILLE, SC 29601-2455
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
—
Westpark Center Associates LLC
—
Deed
related
$3,550,000 · First Carolina Bank
Oct 13, 2016
—
Westpark Center Associates LLC
—
Deed
related
$14,900,000 · Ladder Cap Fin
Sep 30, 1999
$387,000
Westpark Center Assoc LLC
—
Trustees Deed
related
—
Sep 30, 1999
$733,000
Westpark Center Assoc LLC
—
Trustees Deed
related
—
—
—
Westpark Center Associates LLC
—
Deed Of Trust
related
$14,900,000 · Ladder Cap Fin
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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