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    Property profile & analytics

    1323 State St Cayce, SC 29033-4344

    • Commercial real estate
    • 5,310 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1279046
    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

    • Commercial real estate

    Property Details for 1323 State St

    Year built
    1938
    Lot size
    0.13 lot acres
    Property size
    5,310 SF
    Zone code
    C3
    Property type
    Commercial real estate
    APN
    004652-05-005
    APU
    465205005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $200,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $190,000
      Market price range: $190k - $564k

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

    Location Insight

    • Map
    • Local Demand
    City
    Cayce
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.0546
    Latitude
    33.9816
    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
    $2,901
    $2,796
    $5,352
    $8,148
    -
    $46,600
    $89,208
    $135,808

    Comparable in this City

    • Value Estimation
      $155,000
      0.03 Acres

      State St

      COMMERCIAL (GENERAL) • 0.03 Acres
      State St, Cayce, SC 29033
      View Details
    • Value Estimation by Request
      0.79 Acres

      Middleton St

      Land • 0.79 Acres
      0 Middleton St, Cayce, SC 29033
      View Details
    • Value Estimation by Request
      2,134 SF

      1004 12th St

      COMMERCIAL (GENERAL) • 2,134 SF
      1004 12th St, West Columbia, SC 29033-3303
      View Details
    • Value Estimation
      $230,000
      11,160 SF

      1006 Hafley Ct

      COMMERCIAL (GENERAL) • 11,160 SF
      1006 Hafley Ct, Cayce, SC 29033-2174
      View Details
    • Value Estimation
      $260,000
      19,291 SF

      1303 Dunbar Rd

      COMMERCIAL (GENERAL) • 19,291 SF
      1303 Dunbar Rd, Cayce, SC 29033-2903
      View Details
    • Value Estimation
      $390,000
      552 SF

      2319 Old Frink St

      COMMERCIAL (GENERAL) • 552 SF
      2319 Old Frink St, Cayce, SC 29033-2145
      View Details

    Similar Nearby for Sale

    • $145,000
      1.05 Acres

      Cayce Commercial Land - $145k

      1.05-acre corner lot, prime commercial zoning.
      0 Taylor Rd, Cayce, SC 29033
      View Details
    • $995,000
      14.20 Acres

      Cayce Commercial Land: 14.2 Acres

      Prime Cayce development land, ideal for high-rise.
      0 Taylor Rd, Cayce, SC 29033
      View Details
    • $425,000
      2.08 Acres

      Cayce Commercial Land - $425K

      Prime 2.08-acre commercial lot.
      0 12Th St, Cayce, SC 29033
      View Details
    • $220,000
      1.20 Acres

      Airport Blvd Commercial Land

      1.2 Acres, C-4 Zoning, $220K
      1810 Airport Blvd, West Columbia, SC 29033
      View Details
    • $550,000
      1.19 Acres

      Cayce Commercial Land - $550K

      1.19 Acres, GC Zoning, High Traffic
      0 12Th St, Cayce, SC 29033
      View Details
    • $685,000
      5,128 SF

      Office Building Near Downtown Columbia

      Office building with multiple suites, ideal for owner occupant.
      1202 Indigo Ave, Cayce, SC 29033
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      5,670 SF

      Cayce Office/Medical Space Available

      5,670 SF building suitable for office or medical use.
      1105 State St, Cayce, SC 29033
      View Details
    • $22 SF/Yr
      1,766 SF

      Office Space in Southern First

      Office suites for lease in Cayce's Southern First Building.
      190 Knox Abbott Dr, Cayce, SC 29033
      View Details
    • Contact for pricing
      59,531 SF

      Cayce Commons Retail Space Available

      Prime Cayce retail space, 11,631 sq ft available.
      2245 Charleston Hwy, Cayce, SC 29033
      View Details
    • $6 SF/Yr
      71,146 SF

      Cayce Warehouse: 71,146 SF

      Prime Cayce distribution warehouse for lease.
      2118 Commerce Dr, Cayce, SC 29033
      View Details
    • $14 SF/Yr
      4,900 SF

      Flex Space with Cranes

      Flex space with office, cranes, and convenient location for lease.
      1147 Walter Price Rd, Cayce, SC 29033
      View Details
    • $8 SF/Yr
      17,900 SF

      Cayce Industrial Hub Opportunity

      Industrial space for lease in Cayce, SC near I-77/I-26.
      2110 Commerce Dr, Cayce, SC 29033
      View Details
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    1323 State St
    Cayce, SC 29033-4344
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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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