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

    2451 Frst Dr Columbia, SC 29204-2026

    • Commercial real estate
    • 63,416 SF
    • 1.89 lot acres
    OFF-MARKET
    Value Estimations
    $4,745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0053684
    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

    • PruittHealth - Columbia / Nursing Home
    • Central Carolina Health / Medical Clinic
    • Jeffrey S. Sigley, PTA / Physician
    • Papa Johns / Restaurant
    • Verda / Restaurant

    Property Details for 2451 Frst Dr

    Year built
    1963
    Construction
    FRAME
    Lot size
    1.89 lot acres
    Property size
    63,416 SF
    Zone code
    O-I
    Property type
    Commercial real estate
    APN
    R11412-07-04
    APU
    R114120704

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,743,000
      Market price range: $2.21M - $8.58M
      AI Estimate
      $4,743,000
      Market price range: $2.21M - $8.58M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,745,000
      Current use
      OFFICE BUILDING
      $7,365,000
      Change: +55% Conversion: Easy
      RETAIL STORES
      $7,010,000
      Change: +48% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -81.0116
    Latitude
    34.0141
    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
    $128,581
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $4,480,300

    Comparable in this City

    • Value Estimation by Request

      3820 Beltline Blvd

      COMMERCIAL (GENERAL)
      3820 Beltline Blvd, Columbia, SC 29204-1504
      View Details
    • Value Estimation by Request

      1620 Carnegie St

      COMMERCIAL (GENERAL)
      1620 Carnegie St, Columbia, SC 29204-1419
      View Details
    • Value Estimation by Request

      2015 Harden St

      COMMERCIAL (GENERAL)
      2015 Harden St, Columbia, SC 29204-1117
      View Details
    • Value Estimation by Request

      Ws Belvedere Dr

      COMMERCIAL (GENERAL)
      Ws Belvedere Dr, Columbia, SC 29204
      View Details
    • Value Estimation by Request
      6,032 SF

      2652 2nd Notch Rd

      COMMERCIAL (GENERAL) • 6,032 SF
      2652 2nd Notch Rd, Columbia, SC 29204-1432
      View Details
    • Value Estimation by Request
      3,587 SF

      3135 2nd Notch Rd

      COMMERCIAL (GENERAL) • 3,587 SF
      3135 2nd Notch Rd, Columbia, SC 29204
      View Details

    Similar Nearby for Sale

    • $249,999
      15,600 SF

      High-Visibility Commercial Lot Columbia SC

      Prime Columbia location, high traffic, development potential.
      4949 Two Notch Rd, Columbia, SC 29204
      View Details
    • Contact for pricing
      14,442 SF

      Medical Office Building For Sale

      Medical office building with ample parking near medical campuses.
      1701 Saint Julian Pl, Columbia, SC 29204
      View Details
    • Contact for pricing
      5,528 SF

      Downtown Office Condos For Sale

      Four office condos totaling 5,528 SF in downtown Columbia.
      2757 Laurel St, Columbia, SC 29204
      View Details
    • $1,850,000
      14,442 SF

      Medical/Office Space in Forest Acres

      Medical/office space available for sale or lease in Columbia.
      1701 St. Julian Pl, Columbia, SC 29204
      View Details
    • Contact for pricing
      14,442 SF

      Columbia Medical Office Building

      14,442 SF Medical Office - 8 Units
      1701 St Julian Pl, Columbia, SC 29204
      View Details
    • Contact for pricing
      0.44 Acres

      Wooded Lot Near Highway 277

      0.44-acre wooded lot, ideal for a future home.
      3909 Clive St, Columbia, SC 29204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,816 SF

      Office Space with Shared Conference

      Office suites available for lease with shared conference room.
      1712 Saint Julian Pl, Columbia, SC 29204
      View Details
    • Contact for pricing
      2,681 SF

      Office Space on Forest Drive

      2,681 SF office space with dedicated entrance and parking.
      3401 Forest Dr, Columbia, SC 29204
      View Details
    • Contact for pricing
      12,395 SF

      Columbia Medical Office Building

      12,395 SF Medical Office Space Available
      1706 St Julian Pl, Columbia, SC 29204
      View Details
    • Contact for pricing
      42,295 SF

      Columbia Medical Office Building

      Class A Medical Office Suites Available
      2611 Forest Dr, Columbia, SC 29204
      View Details
    • $20 SF/Yr
      15,000 SF

      Prime Columbia Executive Office Space

      15,000 SF Office Building, Suites Available
      3321 Forest Dr, Columbia, SC 29204
      View Details
    • $12 SF/Yr
      11,250 SF

      Columbia Flex Space Available

      Modern flex space, ample parking, Richland County.
      20/21 Business Ctr, Columbia, SC 29204
      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.
    2451 Frst Dr
    Columbia, SC 29204-2026
    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.