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    2221 Lake Murray Blvd Columbia, SC 29212
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    Property profile & analytics

    2221 Lake Murray Blvd, Columbia, SC 29212

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    • Automotive properties
    • 5,544 SF
    • 1.01 lot acres
    For Sale
    $825,000
    View Listing →
    Renovated Flex Space with Bays For Sale
    $825,000
    5,500 SF

    Renovated Flex Space with Bays

    Renovated flex space featuring multiple bays, heated, and cooled.

    2221 Lake Murray Blvd, Columbia, SC
    View Listing
    Property ID
    US77-0609973
    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

    • Hill's Transmissions / Auto Repair Shop
    • Cowboy and Dave’s Auto Repair / Auto Repair Shop

    Property Details for 2221 Lake Murray Blvd

    Year built
    1987
    Lot size
    1.01 lot acres
    Zone code
    C2
    Property type
    Automotive properties
    APN
    002697-01-012
    APU
    269701012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $750,000
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $482,000
      Market price range: $332k - $1.13M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $675,000
      Current use
      MEDICAL BUILDING
      $1,175,000
      Change: +74% Conversion: Difficult
      OFFICE BUILDING
      $645,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $630,000
      Change: -6% Conversion: Moderate
      RETAIL STORES
      $615,000
      Change: -9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $590,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.215
    Latitude
    34.0715
    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
    $20,723
    $7,332
    $17,268
    $24,600
    -
    $122,200
    $287,800
    $410,000

    Comparable in this City

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      $780,000
      11,522 SF

      736 Jamil Rd

      VEHICLE SALES, RENTALS
      736 Jamil Rd, Columbia, SC 29212-2219
      View Details
    • Value Estimation
      $1,055,000
      9,812 SF

      736 Jamil Rd

      VEHICLE SALES, RENTALS
      736 Jamil Rd, Columbia, SC 29212-2219
      View Details
    • Value Estimation by Request
      1,036 SF

      6366 Saint Andrews Rd

      AUTO REPAIR, GARAGE
      6366 Saint Andrews Rd, Columbia, SC 29212-3157
      View Details
    • Value Estimation by Request
      4,200 SF

      6167 Saint Andrews Rd

      AUTO REPAIR, GARAGE
      6167 Saint Andrews Rd, Columbia, SC 29212-3150
      View Details
    • Value Estimation by Request
      3,900 SF

      5531 Bush Riv Rd

      AUTO REPAIR, GARAGE
      5531 Bush Riv Rd, Columbia, SC 29212-3006
      View Details
    • Value Estimation by Request
      4,199 SF

      609 Giles Ct

      AUTO REPAIR, GARAGE
      609 Giles Ct, Columbia, SC 29212-2255
      View Details

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      Commercial Property on St. Andrews

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      Freestanding Restaurant Building on Large Lot

      5,380 SF restaurant on 1.3 acres near major retailers.
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    Similar Nearby for Lease

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      Retail Space on Columbiana Drive

      2,400 SF retail space in high-profile Columbia retail corridor.
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      31,832 SF

      Retail Spaces in Columbiana Station

      Multiple retail spaces available for lease in Columbiana Station.
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      Retail Space in Harbison Corridor

      Retail space available in a dynamic shopping center.
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      View Details
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      Retail Space on Columbiana Drive

      2,400 SF retail space with monument signage.
      378 Columbiana Dr, Columbia, SC 29212
      View Details
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      4,020 SF

      Retail Space Near Columbiana Centre

      Retail space available in Harbison trade area.
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      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in Columbia Center

      1,700 SF retail space in a vibrant shopping center.
      275 Harbison Bvld, Columbia, SC 29212
      View Details
    View Listing
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    Columbia, SC 29212
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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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