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    Property profile & analytics

    1501 Bush River Rd Columbia, SC 29210

    • Strip malls
    • 2,255 SF
    • 0.14 lot acres
    For Sale
    View listing
    $295,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1602238
    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

    • Xclusive Cuts / Barber Shop
    • Printex Home Office / Copy Shop / Cell Phone Store
    • Haus Of Ritta / Hair Salon
    • Grab N Go Late Nights / Restaurant
    • Aqua Salon & Spa / Nail Salon

    Property Details for 1501 Bush River Rd

    Year built
    1980
    Lot size
    0.14 lot acres
    Property size
    2,255 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    003697-05-017
    APU
    369705017

    Description

    This exceptional value-add opportunity presents a 2,125 square foot retail center situated at 1501 Bush River Road in Columbia, South Carolina, within Lexington County, zip code 29210. The property, classified as Class C, is currently 100% occupied by three tenants under a modified lease structure. The asking price is $295,000, translating to a price per square foot of $138.82. The single-story building offers ample parking with six spaces available for tenants and customers. This multi-tenant storefront property presents a strong investment opportunity due to its high occupancy rate and prime location on a busy thoroughfare, just a quarter-mile from Interstate 26, ensuring high visibility and accessibility. The property features a total of 2,125 net rentable square feet, distributed among three units. The sale is offered directly by the owner, presenting a streamlined transaction process. This is an affordable opportunity for investors seeking a stable, income-generating asset in a desirable location. The property is not subject to a ground lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1103
    Latitude
    34.0312
    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
    $4,181
    $2,196
    $7,450
    $9,646
    -
    $36,600
    $124,166
    $160,766

    Comparable in this City

    • Value Estimation by Request
      11,860 SF

      655 Saint Andrews Rd

      SHOPPING CENTER, STRIP CENTER • 11,860 SF
      655 Saint Andrews Rd, Columbia, SC 29210-5112
      View Details
    • Value Estimation
      $3,200,000
      40,200 SF

      125 Outlet Pointe Blvd

      SHOPPING CENTER, STRIP CENTER • 40,200 SF
      125 Outlet Pointe Blvd, Columbia, SC 29210-5670
      View Details
    • Value Estimation
      $3,050,000
      27,484 SF

      533 Saint Andrews Rd

      SHOPPING CENTER, STRIP CENTER • 27,484 SF
      533 Saint Andrews Rd, Columbia, SC 29210-4516
      View Details
    • Value Estimation by Request
      7,208 SF

      2301 Bush Riv Rd

      SHOPPING CENTER, STRIP CENTER • 7,208 SF
      2301 Bush Riv Rd, Columbia, SC 29210-5660
      View Details
    • Value Estimation
      $1,525,000
      68,159 SF

      736 Saint Andrews Rd

      SHOPPING CENTER, STRIP CENTER • 68,159 SF
      736 Saint Andrews Rd, Columbia, SC 29210-5137
      View Details
    • Value Estimation by Request
      12,522 SF

      4350 Saint Andrews Rd

      SHOPPING CENTER, STRIP CENTER • 12,522 SF
      4350 Saint Andrews Rd, Columbia, SC 29210-4169
      View Details

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      Retail Strip For Sale

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      Prime Columbia Retail Land

      High-traffic vacant lot, ideal for development.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Retail Space Near Harbison Corridor

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      Warehouse and Retail Space Available

      Warehouse and retail spaces for lease in Columbia, SC.
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    • $19 SF/Yr
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      Retail Space on Broad River

      Sublease opportunity with excellent visibility and parking.
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    • $11 SF/Yr
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      Retail Space For Lease

      Up to 5,800 SF retail space available for lease.
      4350 Saint Andrews Rd, Columbia, SC 29210
      View Details
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    1501 Bush River Rd
    Columbia, SC 29210
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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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