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    159 Dreher Rd West Columbia, SC 29169
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    159 Dreher Rd West Columbia, SC 29169

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    • Commercial real estate
    • 1.40 lot acres
    For Sale
    $285,000
    View Listing →
    Undeveloped Land Near I-26 For Sale
    $285,000
    1.40 Acres

    Undeveloped Land Near I-26

    1.4 AC of undeveloped land near Westside Plaza.

    159 Dreher Rd, West Columbia, SC
    View Listing
    Property ID
    US77-1092318
    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

    • Commercial real estate

    Property Details for 159 Dreher Rd

    Lot size
    1.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.4-acre commercial land parcel presents a prime investment opportunity in West Columbia, South Carolina. Strategically located at 159 Dreher Rd, this undeveloped lot offers significant potential for various commercial ventures. Its convenient proximity to Interstate 26 (less than 0.2 miles) ensures excellent accessibility and high visibility. The property is situated adjacent to the Westside Plaza Shopping Center, benefiting from existing commercial activity and foot traffic. The asking price for this sizable lot is $285,000. This represents a compelling opportunity to acquire a substantial piece of land in a thriving area with strong potential for future development and return on investment. The property's location in Lexington County, South Carolina, within the zip code 29169, provides access to a robust local economy and a growing population. The address is precisely 159 Dreher Rd & Grove St., West Columbia, SC. This undeveloped land presents a blank canvas for creative commercial development, making it an attractive proposition for both seasoned investors and new entrepreneurs. The lot size is confirmed at 1.4 acres, providing ample space for a variety of commercial projects. This is a rare opportunity to secure a well-positioned commercial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.09368
    Latitude
    33.980328

    Comparable in this City

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      West Columbia Commercial Opportunity

      Commercial property near I-20 and I-26 in West Columbia.
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    • $259,900

      Prime Land in West Columbia

      0.62 acres in high-traffic area with road frontage.
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      Cayce Land with Road Frontage

      3.22 acres of M-2 property with road frontage.
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      West Columbia Land For Sale

      1.82 AC commercial land near I-26 and Augusta Road.
      Huntington Dr, West Columbia, SC 29169
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    Similar Nearby for Sale

    • $39,900
      0.92 Acres

      West Columbia Land For Sale

      0.92 acre double lot in Saluda Hills.
      Terrace View Dr, West Columbia, SC 29169
      View Details
    • $119,000
      0.94 Acres

      West Columbia Acreage with Road Frontage

      0.94 acre lot with commercial zoning potential.
      2024 Platt Spring Rd, West Columbia, SC 29169
      View Details
    • $590,000
      3.22 Acres

      West Columbia Commercial Opportunity

      Commercial property near I-20 and I-26 in West Columbia.
      184 Lott Ct, West Columbia, SC 29169
      View Details
    • $259,900

      Prime Land in West Columbia

      0.62 acres in high-traffic area with road frontage.
      2005 Sunset Blvd, West Columbia, SC 29169
      View Details
    • Contact for pricing

      Cayce Land with Road Frontage

      3.22 acres of M-2 property with road frontage.
      12Th St, Cayce, SC 29169
      View Details
    • Contact for pricing

      West Columbia Land For Sale

      1.82 AC commercial land near I-26 and Augusta Road.
      Huntington Dr, West Columbia, SC 29169
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Columbia Land for Lease

      1.3 acre commercial land parcel available for ground lease.
      1809 Augusta Rd, West Columbia, SC 29169
      View Details
    • $1,900 /Mo

      Commercial Land on Sunset Boulevard

      Commercial land for lease on Sunset Boulevard near downtown.
      Sunset Blvd, West Columbia, SC 29169
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    • $2,100 /Mo

      West Columbia Land for Lease

      1.3 acre commercial land parcel for lease in West Columbia.
      1809 Augusta Rd, West Columbia, SC 29169
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    • Contact for pricing

      Retail Space in West Columbia

      Retail spaces available for lease in West Columbia, SC.
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      Prime Retail Center on Airport

      Highly visible retail center with 58,000 SF leasable space.
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      4,662 SF

      West Columbia Office/Warehouse Space

      4,662 SF office and warehouse space for lease.
      1049 Sunset Blvd, West Columbia, SC 29169
      View Details
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    West Columbia, SC 29169
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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.

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