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Property profile & analytics
FOR SALE
Commercial real estate
200 Springtree Dr Columbia, SC 29223
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US77-0848850
For Sale
1 / 30
$1,862,000
200 Springtree Dr, Columbia, SC 29223
View Listing →
Property summary
AI-generated overview
This exceptional Class A, 9,675 square foot medical office building in Columbia, South Carolina, presents a compelling investment opportunity. Located at the signalized corner of Parklane Road and Springtree Drive, this two-story building boasts a prime location across from the Richland library, offering excellent visibility and accessibility. The property features abundant on-site parking (5.9 spaces per 1,000 square feet) and pylon signage facing Parklane Road. Currently 100% occupied by three tenants, including ABS Kids (lease expiring December 2031) and two tenants with below-market rents expiring in May 2025 (Palmer Counseling and Midlands Medical Wellness). The first floor underwent a complete renovation in 2024, and the building benefits from new HVAC systems installed in 2019. The property is zoned GC - General Commercial, and the asking price is $1,600,000 ($165.37 per square foot). This is a triple-net (NNN) leased multi-tenant property built in 2005, offering strong cash flow and significant upside potential due to below-market rents on the second floor. The building's proximity to major thoroughfares like Two Notch Road (30,000 vehicles per day) and Farrow Road (10,400 vehicles per day) further enhances its desirability. This is a rare opportunity to acquire a fully leased, high-quality medical office building in a thriving market.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Construction
FRAME
Total area
10,327 SF
Lot
1.64 ac (71,438 SF)
Zoning code
GC
APN
R17003-01-07
UPID
US77-0848850
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Palmer Counseling and Consulting Counselor Corporate Office
-
Midlands Medical Wellness Center LLC Gym & Fitness Center Alternative Medicine Practice
-
Dr. Solomon N. Chesoni, MD Physician
-
Midlands Cardiology Associates Medical Clinic
-
Midlands Cardiology Associates: Cureton Michele MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$845k
Owner & transaction history
Springtree Investments LLC · 22 yrs held
Springtree Investments LLC
since 2004
3 recorded transactions
Zoning & alternative use
GC · Columbia, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+42.2%
Retail stores
$1.1M
+35.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$845,000
Current use
OFFICE BUILDING
$1,200,000
Change: +42% · Conversion: Easy
RETAIL STORES
$1,140,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$845k
Range $761k – $930k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$82 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$42,881
Tax year 2023
Total market value
$1,284,400
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2005
Construction
FRAME
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
2
Bathrooms
2
Total area
10,327 SF
Lot
1.64 ac (71,438 SF)
Zoning code
GC
APN
R17003-01-07
UPID
US77-0848850
Jurisdiction
RICHLAND
Zoning & alternative use
GC · Columbia, SC
Zoning GC · permitted uses
GC · Columbia, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$845,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Springtree Investments LLC
Entity
Mailing address
200 SPRINGTREE DR STE #100, COLUMBIA, SC 29223-8614
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
—
770cg Columbia Pb LLC
—
Deed
related
$11,564,000 · Northmarq Capital LLC
Mar 19, 2004
$195,000
Springtree Investments LLC
Richardson,marion & Robert M
Grant Deed
$1,480,000 · First Citizens Bank & Trust Sc
Jan 30, 2004
$195,000
Springtree Invst LLC
Richardson,marion
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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