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Property profile & analytics

200 Graces Way Columbia, SC 29229

  • Commercial real estate
  • 7,532 SF
For Sale
Last Sale
Dec 15, 2022
$1,400,000
Value Estimations
Cap Rate Potential
9.7%
Commercial real estate
Location Intelligence
Property ID
US77-0553108
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

  • Mimsy’s Jazz Lounge / Restaurant

Property Details for 200 Graces Way

Year built
2004
Construction
FRAME
Property size
7,532 SF
Zone code
M-1
Property type
Commercial real estate
APN
R22812-01-54
APU
R228120154

Description

This exceptional commercial property, located at 2210 E Expressway 83 Highway #A, offers a prime retail opportunity. The corner unit encompasses 1,950 square feet, ideally suited for a business requiring high visibility and convenient access. Its strategic location within a well-established commercial plaza ensures significant foot and vehicle traffic. The property benefits from proximity to a substantial residential population, major retailers such as CVS and Walmart, and the established communities of Cimarron and Sharyland Plantation. The high traffic count generated by the expressway and frontage road provides unparalleled exposure. Additional space is available; three units totaling 4,550 square feet are available for lease. Units B and C each offer 1,300 square feet and can be subdivided at the owner's expense. Each unit features its own dedicated entrance. The property sits on a 4,839.95 square foot lot and includes 18 parking spaces. The zoning is CO. The property is currently a shell space, with tenant-responsible build-out. However, the owner will provide allowances for meters, an AC unit, perimeter walls, and two months of construction time. Ideal lease terms are 3-5 years. This high-occupancy location presents a rare opportunity for business growth and success. The APN is B186500000000B00.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,025,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,645,000
    6.5%
    $1,520,000
    7%
    $1,410,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $971,000
    Market price range: $432k - $1.50M
    AI Estimate
    $971,000
    Market price range: $432k - $1.50M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $970,000
    Current use
    OFFICE BUILDING
    $875,000
    Change: -10% Conversion: Easy
    RETAIL STORES
    $830,000
    Change: -14% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Columbia
County
Richland
State
South Carolina
Longitude
-80.8817
Latitude
34.1133
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
$46,743
$0.00
$0.00
$0.00
-
$0.00
$0.00
$1,189,100
More about this property
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