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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Strip malls
2702 Emanuel Church Rd, West Columbia, SC 29170-1329
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US77-0655139
Property summary
AI-generated overview
This exceptional Class A, 40,000 square foot shopping center in West Columbia, South Carolina, presents a compelling value-add investment opportunity. Boasting 100% occupancy across 17 tenants in 18 units, this single-story, 1997-built property (fully renovated in 2022) generates a strong NOI of $372,000, translating to a 6.76% cap rate at an asking price of $5,500,000 ($137.50/sq ft). The property features 210 parking spaces and benefits from a net lease structure with built-in rent bumps. Situated on a 5.15-5.75 acre lot at 2702 Emanuel Church Rd, 29170, this prime location enjoys high visibility and traffic counts exceeding 21,000 vehicles daily. Its strategic adjacency to the Columbia Metropolitan Airport, McDonald's (shared parking), and Dollar General ensures consistent foot traffic and strong tenant demand. Further enhancing its value proposition is the proximity to a new 800-home development currently under construction less than a mile away. An additional 4.59 acres of adjacent commercial land is available for separate purchase. Proof of funds or financing is required.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
40,000 SF
Lot
5.05 ac (219,978 SF)
Zoning code
ID
APN
006796-01-014
UPID
US77-0655139
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$1.13M
Owner & transaction history
Rasp LLC · 6 yrs held
Rasp LLC
since 2019
7 recorded transactions
Zoning & alternative use
ID · West Columbia, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Columbia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$28 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,602
Tax year 2023
Assessed value
$76,500
Assessed 2023
Previous assessed
$76,500
+0.0% YoY
Effective rate
49.15%
On assessed value
Assessed land
$30,252
Assessed improvement
$46,248
Land market value
$504,200
Improvement market value
$770,800
Total market value
$1,275,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Bathrooms
3
Total area
40,000 SF
Lot
5.05 ac (219,978 SF)
Zoning code
ID
APN
006796-01-014
UPID
US77-0655139
Jurisdiction
LEXINGTON
Zoning & alternative use
ID · West Columbia, SC
Zoning ID · permitted uses
ID · West Columbia, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Columbia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Bathrooms
3
Lot
5.05 ac
Current owner
From public records · entity-resolved
Rasp LLC
Entity
Mailing address
122 HUNTERS ML LN, WEST COLUMBIA, SC 29170-1279
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2022
—
Rasp LLC
—
Deed
related
$444,500 · The Bancorp Bank
Dec 9, 2021
—
Rasp LLC
—
Deed
related
$990,000 · First Reliance Bank
Jul 3, 2019
$1,275,000
Rasp LLC
Christ Central Ministries INC
Warranty Deed
$775,000 · Christ Central Ministries INC
Dec 31, 2015
—
Christ Central Ministries INC
Platt Springs LLC
Grant Deed
related
—
Feb 27, 2008
$1,963,000
Platt Springs LLC
Three Fountains Partners LLC
Grant Deed
—
Jul 10, 2001
$300,000
Three Fountain Ptrs
—
Grant Deed
—
Jun 27, 2000
$31,500
Sc Dept Of Hwys
—
Grant Deed
related
—
—
—
Three Fountains Partners LLC
—
Deed Of Trust
related
$1,200,000 · Ameris Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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