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    1868 Old Dunbar Rd Cayce, SC 29172-1949
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    Property profile & analytics

    1868 Old Dunbar Rd Cayce, SC 29172-1949

    View on Map
    • Warehouses
    • 23,845 SF
    • 1.13 lot acres
    Off-Market
    Last Sale Feb 7, 2022
    $890,000
    Property ID
    US77-0916877
    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
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1868 Old Dunbar Rd

    Year built
    1979
    Lot size
    1.13 lot acres
    Property size
    23,845 SF
    Property type
    Warehouses
    APN
    006896-03-007
    APU
    689603007

    Description

    This exceptional 21,370-square-foot industrial warehouse, located at 1868 Old Dunbar Road in West Columbia, South Carolina, presents a compelling investment opportunity. Situated on approximately 1.12 acres in Lexington County (zip code 29172), this property boasts a desirable location and substantial features. Built in 1979 and extensively renovated in 2022, the warehouse offers a blend of classic structure and modern upgrades. The building features a clear-span design in each section, maximizing usable space and operational efficiency. A significant advantage is the inclusion of four loading docks, streamlining logistics and enhancing operational capabilities. Additionally, there's a convenient roll-up door and ample office space totaling approximately 2,600 square feet. The property benefits from three-phase power with a 400-amp main panel, ensuring sufficient electrical capacity for various industrial needs. Safety is prioritized with a fully sprinklered system throughout the building. The property is zoned ID (Intensive Development) within unincorporated Lexington County. The asking price for this well-maintained and strategically located warehouse is $1,575,000, translating to $73.70 per square foot. This represents a strong value proposition for investors seeking a high-quality industrial asset in a thriving South Carolina market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $835,000
      ML approach
      $1,095,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $955,000
      Market price range: $955k - $3.10M
      AI Estimate
      $545,000
      Market price range: $545k - $1.68M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cayce
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.0953
    Latitude
    33.9371
    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
    $5,591
    $22,685
    $28,276
    -
    $93,186
    $378,070
    $471,256

    Comparable in this City

    • Value Estimation by Request
      235,000 SF

      3150 Charleston Hwy

      Distribution properties • 235,000 SF
      3150 Charleston Hwy, West Columbia, SC 29172
      View Details
    • Value Estimation by Request
      6,264 SF

      1850 Old Dunbar Rd

      WAREHOUSE, STORAGE • 6,264 SF
      1850 Old Dunbar Rd, West Columbia, SC 29172-1949
      View Details
    • Value Estimation
      $2,795,000
      111,130 SF

      1782 Old Dunbar Rd

      MINI-WAREHOUSE, STORAGE • 111,130 SF
      1782 Old Dunbar Rd, Cayce, SC 29172-1900
      View Details
    • Value Estimation by Request
      4,800 SF

      Hwy 321

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      Hwy 321, West Columbia, SC 29172
      View Details
    • Value Estimation
      $8,525,000
      181,060 SF

      128 Mcqueen St

      WAREHOUSE, STORAGE • 181,060 SF
      128 Mcqueen St, Cayce, SC 29172-3907
      View Details
    • Value Estimation
      $1,740,000
      15,230 SF

      3045 Charleston Hwy

      WAREHOUSE, STORAGE • 15,230 SF
      3045 Charleston Hwy, Cayce, SC 29172-3805
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      West Columbia Warehouse and Repair Facility

      Former heavy equipment wholesale and repair facility with secured yard.
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      18,097 SF

      West Columbia Industrial Property

      18,097 SF industrial property with fenced yard for sale.
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      75,000 SF Flex Warehouse

      Expandable flex warehouse with freezer, office space, and ample parking.
      102 Vantage Point Dr, Cayce, SC 29172
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    • $795,000
      12.20 Acres

      Cayce Industrial Land - 12 Acres

      Prime Commercial/Industrial Land, Excellent Location
      0 Fish Hatchery Rd, Cayce, SC 29172
      View Details
    • $2,211,000
      73.70 Acres

      73.7 Acres in West Columbia

      Prime commercial land with highway frontage and development potential.
      73 Acres Charleston Hwy, West Columbia, SC 29172
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale in West Columbia, SC.
      Old Dunbar Rd, West Columbia, SC 29172
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Facility on Charleston Highway

      Industrial space for sublease with convenient access to major transportation.
      3150 Charleston Hwy, West Columbia, SC 29172
      View Details
    • Contact for pricing
      13,000 SF

      West Columbia Trucking Space Available

      Lease trucking space with crossdock, large yard, and office.
      3197 Charleston Hwy, West Columbia, SC 29172
      View Details
    • Contact for pricing
      50,000 SF

      West Columbia Warehouse Space Available

      50,000 SF warehouse with office space for lease.
      825 Bistline Dr, West Columbia, SC 29172
      View Details
    • Contact for pricing

      West Columbia Industrial Storage Land

      3.59 AC industrial land available for lease in West Columbia.
      125 Rolling Meadows Ln, West Columbia, SC 29172
      View Details
    • Contact for pricing

      Land Available For Rent

      Land available for rent at 3820 Charleston Hwy.
      3820 Charleston Hwy, West Columbia, SC 29172
      View Details
    • Contact for pricing
      9,400 SF

      Class A Office Space Available

      Well-maintained Class A office space with modern amenities for lease.
      110 Saxe Gotha Rd, West Columbia, SC 29172
      View Details
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    Cayce, SC 29172-1949
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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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    1868 Old Dunbar Rd, Cayce, SC, 29172
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