253 Columbia Ave Batesburg, SC 29006-2117
Property Lookup
Property profile & analytics
253 Columbia Ave Batesburg, SC 29006-2117
- Retail space
- 6,298 SF
- 0.78 lot acres
Property ID
US77-1418344
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.
Location Intelligence
Current Use by Public Records
- Advance Auto Parts / Auto Parts Store
- UPS Access Point location / Courier Service / Postal Service
Property Details for 253 Columbia Ave
- Year built
- 2002
- Lot size
- 0.78 lot acres
- Property size
- 6,298 SF
- Zone code
- ID
- Property type
- Retail space
- APN
- 007023-01-006
- APU
- 702301006
Description
This exceptional investment opportunity presents a fee-simple ownership of a 7,000 square foot, Class A, single-tenant retail building in Batesburg-Leesville, South Carolina. The property is net-leased to Advance Auto Parts, a publicly traded company (NYSE: AAP) with a market capitalization exceeding $3.937 billion and an S&P credit rating of BBB-. The current lease boasts a 10-year term with a 10% rent increase every five years, providing significant long-term income growth. The building, constructed in 2002, sits on a 0.78-acre lot and enjoys 100% occupancy. The property's strong financial performance is reflected in its 5.75% cap rate and a substantial net operating income (NOI) of $71,190. Landlord responsibilities include roof, structure, parking lot, and shared HVAC replacement costs. The property's prime location is an outparcel to KJ's IGA Market and within a mile of other national retailers, including Walgreens, KFC, Zaxby's, Bojangles, and McDonald's. Its proximity to the Batesburg-Leesville Industrial Park, a 175-acre development with recent infrastructure improvements, further enhances its value. The thriving Columbia, SC market, characterized by affordable housing and a large student population (driven by 12 area colleges and universities), contributes to the property's strong investment potential. The lease includes two 5-year renewal options. This is a rare opportunity to acquire a high-performing, net-leased property with a strong tenant and significant upside potential. The asking price is $1,238,000, translating to $176.86 per square foot.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $685,000
- ML approach
- $715,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,055,000
- 6.5%
- $975,000
- 7%
- $905,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $836,000
- AI Estimate
- $538,000
Market price range: $291k - $836kMarket price range: $182k - $538k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $535,000 Current use
- MEDICAL BUILDING
- $1,335,000 Change: +150% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $820,000 Change: +53% Conversion: Easy
- OFFICE BUILDING
- $770,000 Change: +44% Conversion: Easy
- AUTO REPAIR, GARAGE
- $765,000 Change: +43% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $670,000 Change: +25% Conversion: Moderate
- WAREHOUSE, STORAGE
- $515,000 Change: -3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Batesburg
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.5362
- Latitude
- 33.9086
- 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
$30,191
$4,394
$46,529
$50,923
-
$73,226
$775,474
$848,700
