401 Western Ln Irmo, SC 29063
Property profile & analytics
401 Western Ln Irmo, SC 29063
- Commercial real estate
- 15,750 SF
- 5.83 lot acres
Property ID
US77-2982133
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
- PSyn, Inc. / Business To Business Service
- Digital Red Zone / Marketing & Advertising / (Bike/Boat/Book/etc) Store
- The Ellison Agency / Insurance Agency
- Halcyon Real Estate Services LLC / Property Management Company
- Coogler Bilt Inc / Construction Company / General Contractor
Property Details for 401 Western Ln
- Year built
- 1978
- Lot size
- 5.83 lot acres
- Property size
- 15,750 SF
- Zone code
- PDD
- Property type
- Commercial real estate
- APN
- R04000-04-79
- APU
- R040000479
Description
This exceptional value-add investment opportunity presents a 30,500 square foot office complex located at 401 Western Ln, Irmo, South Carolina, 29063. The property consists of two, single-story buildings constructed in 1978 and 1985, situated on a 3.5-acre lot. Currently boasting 100% occupancy with sixteen tenants, the property generates a strong NOI of $311,718, representing a 7.25% cap rate. Significant upside potential exists through lease restructuring, converting existing gross leases to triple-net leases. Individual tenant utility metering is in place, with tenants responsible for electricity costs. The landlord covers water and TICAM expenses. Furthermore, a sizable undeveloped pad site offers substantial expansion potential. The property is classified as Class B and features a modified lease structure. The asking price is $4,300,000, projecting a pro-forma cap rate of 11.09% and a pro-forma NOI of $477,000. This prime location in the rapidly growing Irmo market, within the Columbia MSA, benefits from excellent visibility and access via Interstate 26. The property is suitable for executive, medical, and traditional office uses.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,842,000
- AI Estimate
- $1,819,000
Market price range: $1.05M - $2.82MMarket price range: $1.01M - $2.82M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Irmo
- County
- Richland
- State
- South Carolina
- Longitude
- -81.1875
- Latitude
- 34.1143
- 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
$0.00
$0.00
$0.00
$0.00
-
$0.00
$0.00
$1,625,200
