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

    151 Old Wire Rd West Columbia, SC 29172

    • Warehouses
    • 5,200 SF
    • 167.52 lot acres
    For Sale
    View listing
    $2,720,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1403597
    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

    • Warehouses

    Property Details for 151 Old Wire Rd

    Year built
    2004
    Lot size
    167.52 lot acres
    Property size
    5,200 SF
    Zone code
    ID
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    008096-02-002
    APU
    809602002

    Description

    This exceptional 252-acre industrial land parcel in West Columbia, South Carolina, presents a unique investment opportunity. Located in the Saxe Gotha Industrial Park, this level, graded, and cleared site offers significant advantages for large-scale development. The property boasts convenient access to major transportation arteries, including proximity to Interstate 77 (approximately one mile), Interstate 26 (approximately 1.5 miles), and the Columbia Metropolitan Airport (approximately 7.5 miles). This strategic location provides seamless connectivity for logistics and distribution operations. The site is further enhanced by its South Carolina Certified Site designation, accompanied by a readily available development-ready package, streamlining the permitting and construction processes. The asking price is $6,840,000, translating to $55,000 per acre. The property is suitable for various industrial uses and offers contiguous sites ranging from 50 to 200 acres, providing flexibility for diverse development needs. This prime location, coupled with its readily developable nature, makes this an exceptional opportunity for investors seeking a high-return industrial land investment in a thriving South Carolina market. The property is situated in Lexington County, South Carolina, with the address listed as 151 Old Wire Road, West Columbia, SC 29172.

    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
    West Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.0354
    Latitude
    33.9116
    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
    $0.00
    $1,621
    $15,863
    $17,484
    -
    $1,150,253
    $264,380
    $1,414,633

    Comparable in this City

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      $705,000
      25,000 SF

      1459 Old Dunbar Rd

      MINI-WAREHOUSE, STORAGE • 25,000 SF
      1459 Old Dunbar Rd, West Columbia, SC 29172-1932
      View Details
    • Value Estimation by Request
      960 SF

      3828 Hwy 321

      MINI-WAREHOUSE, STORAGE • 960 SF
      3828 Hwy 321, West Columbia, SC 29172-2823
      View Details
    • Value Estimation
      $985,000
      10,465 SF

      406 Wholesale Ln

      MINI-WAREHOUSE, STORAGE • 10,465 SF
      406 Wholesale Ln, West Columbia, SC 29172-3171
      View Details
    • Value Estimation
      $5,970,000
      254,399 SF

      124 Creekside Rd

      MINI-WAREHOUSE, STORAGE • 254,399 SF
      124 Creekside Rd, West Columbia, SC 29172-1965
      View Details
    • Value Estimation
      $2,820,000
      3,864 SF

      3176 Charleston Hwy

      MINI-WAREHOUSE, STORAGE • 3,864 SF
      3176 Charleston Hwy, West Columbia, SC 29172-2712
      View Details
    • Value Estimation by Request
      9,600 SF

      18185 Old Dunbar Rd

      MINI-WAREHOUSE, STORAGE • 9,600 SF
      18185 Old Dunbar Rd, Cayce, SC 29172
      View Details

    Similar Nearby for Sale

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    • $1,750,000
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    • $850,000
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      Prime Industrial Land, West Columbia SC

      ±51 Acres, Industrial Zoning, Development Ready
      0 Old Wire Rd, West Columbia, SC 29172
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    • $2,720,000

      252 Acres Near Amazon, Nephron

      252 acres of commercial/industrial land for sale.
      151 Old Wire Rd, West Columbia, SC 29172
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    Similar Nearby for Lease

    • $3 SF/Yr
      235,000 SF

      West Columbia Industrial Space

      ±97,340 SF Flex Space Available
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      2,696 SF

      West Columbia Industrial Storage Land

      3.59 AC industrial land available for lease in West Columbia.
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      Land Available I-26 & I-77

      Excess land at I-26 & I-77 interchange for lease.
      3023 Charleston Hwy, Cayce, SC 29172
      View Details
    • Contact for pricing

      Land Available I-26 & I-77

      Excess land available for QSRs, hotels, and highway users.
      Cayce, SC 29172
      View Details
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    West Columbia, SC 29172
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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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