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

    115 Afton Ct Columbia, SC 29212-2242

    • Bars
    • 10,120 SF
    • 2.07 lot acres
    OFF-MARKET
    Last Sale
    Mar 13, 2023
    $1,700,000
    Value Estimations
    $1,505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0037763
    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

    • Flaming Grill Supreme Buffet / Seafood Restaurant / Chinese Restaurant

    Property Details for 115 Afton Ct

    Year built
    1994
    Lot size
    2.07 lot acres
    Property size
    10,120 SF
    Zone code
    C
    Property type
    Bars
    APN
    001941-01-006
    APU
    194101006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,555,000
      ML approach
      $1,530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,357,000
      Market price range: $541k - $1.36M

    • Alternative Use

      Use
      Estimation
      NIGHTCLUB (COCKTAIL LOUNGE)
      $1,080,000
      Current use
      OFFICE BUILDING
      $1,385,000
      Change: +28% Conversion: Difficult
      RESTAURANT
      $975,000
      Change: -10% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $975,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1604
    Latitude
    34.0759
    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
    $54,251
    $64,920
    $38,010
    $102,930
    -
    $1,082,000
    $633,491
    $1,715,491

    Comparable in this City

    • Value Estimation
      $345,000
      5,752 SF

      171 Harbison Blvd

      RESTAURANT • 5,752 SF
      171 Harbison Blvd, Columbia, SC 29212-2215
      View Details
    • Value Estimation
      $310,000
      3,572 SF

      6164 Saint Andrews Rd

      RESTAURANT • 3,572 SF
      6164 Saint Andrews Rd, Columbia, SC 29212-3122
      View Details
    • Value Estimation
      $405,000
      3,089 SF

      151 Harbison Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,089 SF
      151 Harbison Blvd, Columbia, SC 29212-2215
      View Details
    • Value Estimation by Request
      3,611 SF

      139 Columbiana Dr

      RESTAURANT • 3,611 SF
      139 Columbiana Dr, Columbia, SC 29212-2262
      View Details
    • Value Estimation
      $400,000
      3,375 SF

      283 Harbison Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,375 SF
      283 Harbison Blvd, Columbia, SC 29212-2218
      View Details
    • Value Estimation
      $325,000
      8,986 SF

      274 Harbison Blvd

      RESTAURANT • 8,986 SF
      274 Harbison Blvd, Columbia, SC 29212-2232
      View Details

    Similar Nearby for Sale

    • $499,000
      3,979 SF

      Retail Restaurant Building For Sale

      3,979 SF retail restaurant building with heavy foot traffic.
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    • $2,000,000
      5,725 SF

      Restaurant Building on Bower Parkway

      Restaurant building for sale in high-traffic Columbiana Mall area.
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      5,380 SF

      Freestanding Restaurant Building on Large Lot

      5,380 SF restaurant on 1.3 acres near major retailers.
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    • $1,800,000
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      Tsunami Restaurant - Columbia, SC

      Prime Restaurant Space, High Traffic Area
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    • $1,797,000
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      Harbison Boulevard Investment Opportunity

      NNN leased investment property on high-traffic Harbison Boulevard.
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    • $3,800,000
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      Prime 11+ acre development tract
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    Similar Nearby for Lease

    • $10,500 /Mo
      5,890 SF

      Restaurant and Bar Space Available

      Restaurant and bar space for lease in Columbia, SC.
      380 Columbiana Dr, Columbia, SC 29212
      View Details
    • $16 SF/Yr
      16,777 SF

      Harbison Blvd Retail Space Available

      Columbia, SC Restaurant Space for Lease
      201 Harbison Blvd, Columbia, SC 29212
      View Details
    • $20 SF/Yr
      2,400 SF

      Columbia Retail Space - 2400 SF

      Prime retail space, high visibility, ample parking.
      378 Columbiana Dr, Columbia, SC 29212
      View Details
    • Contact for pricing
      6,726 SF

      Retail Space in Harbison Corridor

      Retail space available in a dynamic shopping center.
      238-246 Harbison Blvd, Columbia, SC 29212
      View Details
    • Contact for pricing
      29,953 SF

      Retail Spaces in Columbiana Station

      Multiple retail spaces available for lease in Columbiana Station.
      1005-1201 Bower Pkwy, Columbia, SC 29212
      View Details
    • Contact for pricing
      5,000 SF

      Columbiana Mall Outparcel Opportunity

      Buildable area in Columbiana Mall, suitable for ground lease.
      100 Columbiana Cir, Columbia, SC 29212
      View Details
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    115 Afton Ct
    Columbia, SC 29212-2242
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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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