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    Property profile & analytics

    312 Columbia Ave Lexington, SC 29072-2657

    • Drive through restaurants
    • 2,492 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $750,000
    Last Sale
    Jun 16, 2025
    $850,000
    Location Intelligence
    Property ID
    US77-0960431
    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

    • Drive through restaurants

    Property Details for 312 Columbia Ave

    Year built
    1993
    Lot size
    0.68 lot acres
    Property size
    2,492 SF
    Zone code
    GC
    Property type
    Drive through restaurants
    APN
    004322-01-010
    APU
    432201010

    Description

    This exceptional 2,235 square foot restaurant property, located at 312 Columbia Avenue in Lexington, South Carolina, presents a unique investment opportunity. Previously occupied by a Sonic Drive-In, this established location benefits from an existing drive-thru lane, already approved by the town of Lexington. The 0.6-acre lot provides ample on-site parking for customers. The property enjoys a high-traffic location, with a daily traffic count of 33,500 vehicles passing by. Its strategic placement is further enhanced by its proximity to Clutch Coffee, a popular local business. The former Sonic Drive-In recently relocated to a larger building directly across the street, highlighting the area's strong demand for restaurant spaces. This turnkey property is available for sale at $1,100,000 and offers significant potential for a variety of restaurant concepts. The existing infrastructure and high visibility make this an ideal opportunity for a quick and efficient launch. The property's size and location make it an attractive option for both established and emerging restaurant businesses seeking a thriving location in Lexington, SC. The zip code is 29072.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $825,000
      6.5%
      $815,000
      7%
      $745,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $785,000
      Geo Method
      $705,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $755,000
      Retail
      $720,000
      Mixed-Use
      $770,000
      Hospitality
      $695,000
      Educational
      $865,000
      Residential Income
      $775,000
      Energy
      $695,000
      Income-Based Land
      $855,000
      Food Service
      $750,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2425
    Latitude
    33.9873
    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
    $24,844
    $22,749
    $17,610
    $40,359
    -
    $379,149
    $293,503
    $672,652

    Comparable in this City

    • Value Estimation by Request
      4,770 SF

      1212 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,770 SF
      1212 Main St, Lexington, SC 29072-2406
      View Details
    • Value Estimation by Request
      3,581 SF

      515 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,581 SF
      515 Main St, Lexington, SC 29072-2501
      View Details
    • Value Estimation by Request
      5,225 SF

      5560 Sunset Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,225 SF
      5560 Sunset Blvd, Lexington, SC 29072-9262
      View Details
    • Value Estimation by Request
      3,561 SF

      461 Columbia Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,561 SF
      461 Columbia Ave, Lexington, SC 29072-2615
      View Details
    • Value Estimation by Request
      4,540 SF

      250 Columbia Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,540 SF
      250 Columbia Ave, Lexington, SC 29072-2612
      View Details
    • Value Estimation by Request
      3,375 SF

      201 Columbia Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,375 SF
      201 Columbia Ave, Lexington, SC 29072-2611
      View Details

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    Similar Nearby for Lease

    • $40 SF/Yr
      2,235 SF

      Former Restaurant Available For Lease

      2,235 SF former restaurant with drive-through, ample parking.
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      View Details
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    • $25 SF/Yr
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      Lexington Retail Space For Lease

      Retail suites available in Lexington, undergoing extensive renovation.
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      21,400 SF

      Retail Space Available For Lease

      Former Fresh Market location available for sublease or assignment.
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    • $30 SF/Yr
      1,362 SF

      Retail Space on Sunset Boulevard

      Retail space available on Sunset Boulevard in Lexington, SC.
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      View Details
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    312 Columbia Ave
    Lexington, SC 29072-2657
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    Realmo Value Estimation

    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.

    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.

    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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