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    Property profile & analytics

    2300 Decker Blvd Columbia, SC 29206

    • Commercial real estate
    • 2,898 SF
    For Lease
    View listing
    Last Sale
    Mar 21, 2025
    $580,000
    Value Estimations
    $550,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2806892
    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

    • Cardtronics / Atm
    • Coinhub Bitcoin ATM Teller / Atm
    • Lembe A. Zamcho, PharmD / Pharmacy
    • FedEx OnSite / Postal Service / Courier Service
    • Decker Village Shopping Center / Business Service Center / Corporate Office

    Property Details for 2300 Decker Blvd

    Year built
    1980
    Construction
    FRAME
    Property size
    2,898 SF
    Zone code
    GC
    Property type
    Commercial real estate
    APN
    R16910-01-16
    APU
    R169100116

    Description

    Decker Village offers 57,771 square feet of prime retail space in Richland County, SC. This multi-tenant property boasts four suites, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 10,270 square feet. Currently, 13,270 square feet is available for lease. The center is anchored by a high-performing Food Lion grocery store, consistently ranking in the top 7% nationally for store traffic. In 2022, the center experienced over 1.6 million visits, a 12.61% increase year-over-year, placing it 32nd out of 358 comparable centers. The property benefits from a strong demographic profile, with an average household income exceeding $73,000 and a population exceeding 125,000 within a five-mile radius. Its strategic location on Decker Boulevard (29,500 vehicles per day) provides convenient access from I-77 (82,300 VPD) and I-20 (102,300 VPD). Ample parking is available with 287 spaces situated on a 7.62-acre lot. This is an exceptional opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $465,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $635,000
      6.5%
      $585,000
      7%
      $545,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $335,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -80.9466
    Latitude
    34.0543
    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
    $16,143
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $483,500

    Comparable in this City

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      5524 Ransom Dr

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      $1,105,000
      12,575 SF

      106 Percival Rd

      COMMERCIAL (GENERAL) • 12,575 SF
      106 Percival Rd, Columbia, SC 29206-6504
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    • Value Estimation by Request
      2,500 SF

      1745 Decker Blvd

      COMMERCIAL (GENERAL) • 2,500 SF
      1745 Decker Blvd, Columbia, SC 29206-5211
      View Details
    • Value Estimation by Request
      3,000 SF

      1616 Decker Blvd

      COMMERCIAL (GENERAL) • 3,000 SF
      1616 Decker Blvd, Columbia, SC 29206-5210
      View Details
    • Value Estimation by Request
      1,936 SF

      2212 Decker Blvd

      COMMERCIAL (GENERAL) • 1,936 SF
      2212 Decker Blvd, Columbia, SC 29206-3506
      View Details

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    • $1,000,000
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      Corner Commercial Land For Sale

      Corner lot available for sale or lease in Columbia.
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      View Details
    • Contact for pricing

      Residential Development Land For Sale

      Approximately 0.78 acres available for residential development.
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      Restaurant Space in Columbia, SC

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      Former Restaurant on Decker Boulevard

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    Columbia, SC 29206
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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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