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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Office buildings
1173 Sunset Blvd West Columbia, SC 29169-6863
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US77-0287703
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
5,476 SF
Lot
1.23 ac (53,579 SF)
Zoning code
LM
APN
004656-10-014
UPID
US77-0287703
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.08M
Owner & transaction history
Mcelrath & Parrish Holdings LLC · 21 yrs held
Mcelrath & Parrish Holdings LLC
since 2005
3 recorded transactions
Zoning & alternative use
LM · West Columbia, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
LM Light Manufacturing HM Heavy Manufacturing 2. A building permit for substantial alteration to the parcel or any existing or proposed structure is issued. For the purpose of this section, a substantial alteration to the parcel would include a contemplated increase or decrease in the heated square foot age of improvements; or 3. The passage of sixty (60) mo…
Zone name
Light Manufacturing And Distribution
General category
INDUSTRIAL
Zone area
395.34 ac
Top alternative use upside
Restaurant
$1.3M
+66.2%
Medical building
$985,000
+24.2%
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 West Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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%
$1,305,000
6.5%
$1,205,000
7%
$1,120,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$790,000
Current use
RESTAURANT
$1,315,000
Change: +66% · Conversion: Moderate
MEDICAL BUILDING
$985,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±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
$196 / 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
$21,986
Tax year 2023
Assessed value
$59,319
Assessed 2023
Previous assessed
$59,319
+0.0% YoY
Effective rate
37.06%
On assessed value
Assessed land
$17,710
Assessed improvement
$41,609
Land market value
$295,161
Improvement market value
$693,483
Total market value
$988,644
Applied tax rate
2.0000
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
Off-Market
Year built
1999
Heating
FLOOR/WALL FURNACE
Bathrooms
1
Total area
5,476 SF
Lot
1.23 ac (53,579 SF)
Zoning code
LM
APN
004656-10-014
UPID
US77-0287703
Jurisdiction
LEXINGTON
Zoning & alternative use
LM · West Columbia, SCZoning LM · permitted uses
LM · West Columbia, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
LM Light Manufacturing HM Heavy Manufacturing 2. A building permit for substantial alteration to the parcel or any existing or proposed structure is issued. For the purpose of this section, a substantial alteration to the parcel would include a contemplated increase or decrease in the heated square foot age of improvements; or 3. The passage of sixty (60) months from the date of adoption of this section or the adoption of any subsequent amendments thereto. B. For parcels that cannot meet the buffer yard requirements due to existing location o f buildings, accessory structures or parking areas, the screening requirements of Section 811.3.4 requiring masonry walls or wooden fences must be met. C. All parcels which are subject to Section 811.4 Parking Lots, Section 811.6 Building Landsc ape Design, or Section 811.7 Street Frontages but do not comply with those provisions on the date of their adoption are allowed to continue as non-conformities until the earliest of the following two occurrences: 1. The parcel’s zoning designation is changed to one of the following designations: D Development R-1 Residential (high-density)
Zone name
Light Manufacturing And Distribution
General category
INDUSTRIAL
Zone area
395.34 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$790,000
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$985,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
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
1999
Heating
FLOOR/WALL FURNACE
Bathrooms
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Mcelrath & Parrish Holdings LLC
Entity
Mailing address
1179 SUNSET BLVD, WEST COLUMBIA, SC 29169-6863
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2020
—
Mcelrath & Parrish Hldgs LLC
—
Deed
related
$250,000 · T David Mcelrath
May 24, 2005
$1,050,000
Mcelrath & Parrish Holdings LLC
Frazier Taylor LLC
Warranty Deed
$1,666,000 · South Carolina Bank And Trust NA
—
—
Mcelrath & Parrish Hldgs LLC
—
Deed Of Trust
related
$250,000 · T David Mcelrath
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.
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