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    2241 Charleston Hwy Cayce, SC 29033-1705

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    Property profile & analytics

    2241 Charleston Hwy Cayce, SC 29033-1705

    View on Map
    • Strip malls
    • 59,464 SF
    • 7.47 lot acres
    Off-Market
    Property ID
    US77-0057682
    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
    $1,560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 2241 Charleston Hwy

    Year built
    1988
    Lot size
    7.47 lot acres
    Property size
    59,464 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    005760-01-019
    APU
    576001019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $945,000
      Market price range: $945k - $3.14M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cayce
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.0768
    Latitude
    33.9487
    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
    $33,277
    $26,892
    $66,607
    $93,499
    -
    $448,200
    $1,110,102
    $1,558,302

    Comparable in this City

    • Value Estimation
      $19,460,000
      92,047 SF

      2427 Charleston Hwy

      SHOPPING CENTER, STRIP CENTER • 92,047 SF
      2427 Charleston Hwy, Cayce, SC 29033-1709
      View Details
    • Value Estimation by Request
      12,543 SF

      1310 Knox Abbott Dr

      SHOPPING CENTER, STRIP CENTER • 12,543 SF
      1310 Knox Abbott Dr, West Columbia, SC 29033-3328
      View Details
    • Value Estimation by Request
      9,990 SF

      829 Knox Abbott Dr

      SHOPPING CENTER, STRIP CENTER • 9,990 SF
      829 Knox Abbott Dr, Cayce, SC 29033-3317
      View Details
    • Value Estimation by Request
      13,370 SF

      1812 Frink St

      SHOPPING CENTER, STRIP CENTER • 13,370 SF
      1812 Frink St, Cayce, SC 29033-2112
      View Details
    • Value Estimation
      $1,550,000
      4,800 SF

      514 Knox Abbott Dr

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      514 Knox Abbott Dr, Cayce, SC 29033-4125
      View Details
    • Value Estimation by Request
      6,461 SF

      1305 Knox Abbott Dr

      SHOPPING CENTER, STRIP CENTER • 6,461 SF
      1305 Knox Abbott Dr, Cayce, SC 29033-3348
      View Details

    Similar Nearby for Sale

    • $2,300,000
      20,000 SF

      Cayce Commercial Investment Opportunity

      20,000 SF investment property in Cayce, South Carolina.
      989 Knox Abbott Dr, Cayce, SC 29033
      View Details
    • $1,300,000
      8,600 SF

      8,600 SF Retail Space

      8,600 SF retail space available for sale.
      902-906 Knox Abbott Dr, Cayce, SC 29033
      View Details
    • $5,780,000
      11,982 SF

      CVS Investment Opportunity in Cayce

      CVS property near University of South Carolina with stable income.
      500 Knox Abbott Dr, Cayce, SC 29033
      View Details
    • $1,500,000
      1,100 SF

      Commercial Property in Cayce, SC

      Commercial property suitable for auto shop or retail in Cayce.
      2842 Charleston Hwy, Cayce, SC 29033
      View Details
    • $425,000
      2.08 Acres

      Cayce Commercial Land - $425K

      Prime 2.08-acre commercial lot.
      0 12Th St, Cayce, SC 29033
      View Details
    • Contact for pricing

      Corner Lot in Cayce

      Unimproved corner lot in Cayce, SC.
      Taylor Rd, Cayce, SC 29033
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Shopping Center Near University

      Renovated shopping center near USC with upcoming tenants.
      300 Knox Abbott Dr, Cayce, SC 29033
      View Details
    • Contact for pricing

      Retail Space in River Arts

      Retail space available in Cayce's historic River Arts District.
      2010 State St, Cayce, SC 29033
      View Details
    • Contact for pricing

      Freestanding Retail Building For Lease

      3,000 SF retail building and 0.50 AC parcel available.
      900 Knox Abbott Dr, Cayce, SC 29033
      View Details
    • Contact for pricing
      7,541 SF

      Mixed-Use Property in Cayce, SC

      Mixed-use property suitable for redevelopment, retail, or office use.
      528-532 Knox Abbott Dr, Cayce, SC 29033
      View Details
    • Contact for pricing

      Redeveloped Mixed-Use Space in Cayce

      Flexible retail or office space in a growing area.
      528-532 Knox Abbott Dr, Cayce, SC 29033
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Available For Rent

      Retail space available with ample parking and pylon signage.
      829 Knox Abbott Dr, Cayce, SC 29033
      View Details
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    2241 Charleston Hwy
    Cayce, SC 29033-1705
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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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