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    1150 Shop Rd Columbia, SC 29201

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    1150 Shop Rd Columbia, SC 29201

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    • Office buildings
    • 1,353 SF
    • 9.63 lot acres
    For Sale
    $2,890,000
    View Listing →
    Land Near Williams-Brice Stadium For Sale
    $2,890,000
    9.63 Acres

    Land Near Williams-Brice Stadium

    Land suitable for student housing near stadium and downtown.

    1150 Shop Rd, Columbia, SC
    View Listing
    Property ID
    US77-1460371
    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
    Location Intelligence

    Current Use by Public Records

    • Carolina Gypsum Co / Building Supply / Hardware & Home Improvement

    Property Details for 1150 Shop Rd

    Year built
    1950
    Lot size
    9.63 lot acres
    Property size
    1,353 SF
    Zone code
    HI
    Property type
    Office buildings
    APN
    R11210-02-11
    APU
    R112100211

    Description

    This exceptional 9.63-acre industrial land parcel presents a compelling investment opportunity in Richland County, South Carolina. Located at 1150 Shop Road, Columbia, SC 29201 (APN: 11210-02-11), this property boasts an unparalleled location, offering convenient access to major thoroughfares and key attractions. Its proximity to Williams-Brice Stadium, the State Fairgrounds, and the vibrant Downtown Columbia area ensures high visibility and strong potential for various commercial ventures. The site's strategic positioning near Interstate 77 further enhances its accessibility and logistical advantages for businesses requiring efficient transportation links. The property's zoning and permitted uses should be independently verified. Given its size and location, this land is particularly well-suited for development projects catering to the significant student population in the area, making it an ideal site for student housing or related commercial enterprises. The seller is open to flexible financing terms, making this an attractive proposition for investors seeking a prime location with advantageous payment options. This is a rare opportunity to acquire a substantial land parcel in a high-demand area with significant growth potential. Interested parties are encouraged to conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,890,000
      ML approach
      $2,890,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -81.0097
    Latitude
    33.9735
    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
    $16,762
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $855,400

    Comparable in this City

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      View Details
    • Value Estimation
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      11,432 SF

      800th Huger St

      OFFICE BUILDING • 11,432 SF
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      View Details
    • Value Estimation by Request
      2,898 SF

      1206 Bull St

      OFFICE BUILDING (MULTI-STORY) • 2,898 SF
      1206 Bull St, Columbia, SC 29201-3406
      View Details
    • Value Estimation
      $13,325,000
      113,570 SF

      550 Assembly St

      OFFICE BUILDING • 113,570 SF
      550 Assembly St, Columbia, SC 29201-4171
      View Details
    • Value Estimation by Request
      3,900 SF

      1225-1229 Lincoln St

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      View Details
    • Value Estimation by Request
      16,000 SF

      1276 Assembly St

      Retail properties & Spaces • 16,000 SF
      1276 Assembly St, Columbia, SC 29201
      View Details

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      Downtown Columbia Office Space Available

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      Multi-Tenant Office Building in Columbia

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    View Listing
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    1150 Shop Rd
    Columbia, SC 29201
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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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