Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2166 Legrand Rd Columbia, SC 29223-5710

    • Commercial land
    • 2,414 SF
    • 21.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0111940
    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

    • Commercial land

    Property Details for 2166 Legrand Rd

    Year built
    1973
    Lot size
    21.26 lot acres
    Property size
    2,414 SF
    Zone code
    RU
    Property type
    Commercial land
    APN
    R17108-01-06
    APU
    R171080106

    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
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -80.9521
    Latitude
    34.0987
    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
    $54
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $2,400

    Comparable in this City

    • Value Estimation by Request
      1,284 SF

      2230 Faraway Dr

      VACANT COMMERCIAL LAND • 1,284 SF
      2230 Faraway Dr, Columbia, SC 29223-3825
      View Details
    • Value Estimation by Request
      3.75 Acres

      7900 Nell St

      VACANT COMMERCIAL LAND • 17,542 SF
      7900 Nell St, Columbia, SC 29223-6226
      View Details
    • Value Estimation by Request
      0.61 Acres

      Es Parklane Rd

      VACANT COMMERCIAL LAND • 2,343 SF
      Es Parklane Rd, Columbia, SC 29223
      View Details
    • Value Estimation by Request
      1.47 Acres

      6708 2nd Notch Rd

      VACANT COMMERCIAL LAND • 1,290 SF
      6708 2nd Notch Rd, Columbia, SC 29223-7518
      View Details
    • Value Estimation by Request
      1.44 Acres

      8311 2nd Notch Rd

      VACANT COMMERCIAL LAND • 5,048 SF
      8311 2nd Notch Rd, Columbia, SC 29223-6303
      View Details
    • Value Estimation by Request
      1.13 Acres

      5840 Spg Ct

      VACANT COMMERCIAL LAND • 1,230 SF
      5840 Spg Ct, Columbia, SC 29223-7215
      View Details

    Similar Nearby for Sale

    • $880,000

      13.06 AC Development Site

      13.06 AC development site with existing pond near I-77.
      113 Blarney Dr, Columbia, SC 29223
      View Details
    • $550,000

      Prime Commercial Land Opportunity

      1.12-acre Home Depot outparcel near major retailers and highways.
      7701 Two Notch Rd, Columbia, SC 29223
      View Details
    • New
      $275,000
      0.80 Acres

      Redevelopment Opportunity in Columbia, SC

      GC-zoned commercial property with redevelopment potential in Columbia, South Carolina.
      1486 Bella Vista Dr, Columbia, SC 29223
      View Details
    • $1,862,500
      10,000 SF

      Fully Occupied Office Building

      Office building with additional undeveloped lot for sale.
      9367 Two Notch Rd, Columbia, SC 29223
      View Details
    • $150,000

      Land Near Highway and Interstate

      Commercial land with high visibility, near major highways.
      90 Brighton Hill Rd, Columbia, SC 29223
      View Details
    • $180,000

      Northeast Columbia Land For Sale

      Approximately 1.78 AC of land available in Northeast Columbia.
      150 Fontaine Center Dr, Columbia, SC 29223
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      5,225 SF

      Columbia Industrial Space Available

      5,225 SF Industrial Building - Excellent Location
      1457 Bella Vista Dr, Columbia, SC 29223
      View Details
    • Contact for pricing
      444,748 SF

      Prime 10-Acre Build-to-Suit Site

      Northeast Columbia commercial land, I-77 & I-20 access.
      209 Flintlake Dr, Columbia, SC 29223
      View Details
    • Contact for pricing
      1 SF

      Columbia Industrial Land for Lease

      2.4 Acres, Heavy Industrial Zoning
      604 Rabon Rd, Columbia, SC 29223
      View Details
    • $12 SF/Yr
      61,703 SF

      Sesqui Pointe Office Park

      Columbia Office/Retail Space Available
      9570 Two Notch Rd, Columbia, SC 29223
      View Details
    • $17 SF/Yr
      115,108 SF

      Parklane Office Building For Lease

      Class A Office Space, Multiple Suites Available
      7909 Parklane Rd, Columbia, SC 29223
      View Details
    • $16 SF/Yr
      19,364 SF

      Columbia Office Space For Rent

      Premier office complex in Columbia's Northeast submarket with great accessibility.
      200 Arbor Lake Dr, Columbia, SC 29223
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2166 Legrand Rd
    Columbia, SC 29223-5710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.