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    411 Piney Grove Rd Columbia, SC 29210
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    411 Piney Grove Rd, Columbia, SC 29210

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    • Hotels
    • 27,918 SF
    • 1.03 lot acres
    For Sale
    $724,500
    View Listing →
    NW Columbia Development Sites For Sale
    $724,500
    2.10 Acres

    NW Columbia Development Sites

    Development sites in booming NW Columbia area near retail hub.

    411 Piney Grove Rd, Columbia, SC
    View Listing
    Property ID
    US77-1195375
    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.
    Value Estimations
    Cap Rate Potential
    9.9%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Super 8 by Wyndham Harbison/Parkridge Hospital / Hotel & Motel

    Property Details for 411 Piney Grove Rd

    Year built
    2001
    Lot size
    1.03 lot acres
    Zone code
    C2
    Property type
    Hotels
    APN
    002830-01-030
    APU
    283001030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 22, 2024 $1,175,000 T & I Hotel LLC Parvati Management LLC Deed —
    Nov 22, 2024 — T & I Hotel LLC Panratl Management LLC Quitclaim Deed · related $3.4M · United FCU
    Jul 27, 2021 $1,570,340 Parvati Management LLC Ramayan Incorporated Special Warranty Deed $2.5M · First Chatham Bank
    May 18, 2018 — Ramayan Incorporated — Deed · related $2.2M · Access Point Financial INC
    — — Ramayan INC — Deed Of Trust · related $980k · Congaree State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,555,000
      ML approach
      $1,565,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,205,000
      AUTO REPAIR, GARAGE
      $2,180,000
      RETAIL STORES
      $2,105,000
      WAREHOUSE, STORAGE
      $1,875,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1466
    Latitude
    34.0669
    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
    $30,619
    $18,000
    $52,665
    $70,665
    -
    $300,000
    $877,755
    $1,177,755

    Comparable in this City

    • Value Estimation by Request
      34,841 SF

      200 Zimalcrest Dr

      Motels
      200 Zimalcrest Dr, Columbia, SC 29210
      View Details
    • Value Estimation
      $1,545,000
      82,393 SF

      347 Zimalcrest Dr

      HOTEL
      347 Zimalcrest Dr, Columbia, SC 29210-6833
      View Details
    • Value Estimation
      $700,000
      34,176 SF

      10 Berryhill Rd

      HOTEL
      10 Berryhill Rd, Columbia, SC 29210-6431
      View Details
    • Value Estimation by Request
      14,112 SF

      499 Piney Grv Rd

      HOTEL
      499 Piney Grv Rd, Columbia, SC 29210-3325
      View Details
    • Value Estimation
      $1,075,000
      50,928 SF

      414 Piney Grv Rd

      HOTEL
      414 Piney Grv Rd, Columbia, SC 29210-3835
      View Details
    • Value Estimation
      $605,000
      34,416 SF

      1803 Bush Riv Rd

      HOTEL
      1803 Bush Riv Rd, Columbia, SC 29210-6813
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Adaptable Commercial Property in Columbia

      Renovated facility suitable for school, office, or retail use.
      607 Bush River Rd, Columbia, SC 29210
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    • Contact for pricing

      Land Near Columbiana Center Mall

      Approximately one acre of land near I-26 and Columbiana Center.
      3760 Fernandina Rd, Columbia, SC 29210
      View Details
    • Contact for pricing
      12,375 SF

      Warehouse with Office and Acreage

      Warehouse with office space and land for sale.
      1611 St Andrews Terrace Rd, Columbia, SC 29210
      View Details
    • Contact for pricing

      Land in Columbia, SC

      Land for sale in a thriving Columbia community.
      Bush River Rd, Columbia, SC 29210
      View Details
    • Contact for pricing

      Development Land Near Interstate I-26

      1.90 acres of development land ideal for light industrial.
      133 Westpark Blvd, Columbia, SC 29210
      View Details
    • Contact for pricing
      1,500 SF

      Office Building on 0.7 Acres

      Office building with easy access and a 0.7-acre lot.
      1319 Omarest Dr, Columbia, SC 29210
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Office Suites For Lease

      Office suites available for lease with recent common area upgrades.
      107 Westpark Blvd, Columbia, SC 29210
      View Details
    • $14 SF/Yr

      Freestanding Retail Building For Lease

      Freestanding retail building in high-traffic area near Dutch Square Mall.
      422 Bush River Rd, Columbia, SC 29210
      View Details
    • Contact for pricing
      1,242 SF

      Retail Space Available For Lease

      Retail space available for lease in Columbia, South Carolina.
      1441 Colonial Life Blvd W, Columbia, SC 29210
      View Details
    • Contact for pricing
      4,000 SF

      Move-in Ready Office Space

      4,000 SF office space for lease in Columbia, SC.
      144 Leisure Ln, Columbia, SC 29210
      View Details
    • Contact for pricing
      2,405 SF

      Flex Space on St Andrews

      Flex space with dock and drive-in doors available for lease.
      1404-1410 St Andrews Rd, Columbia, SC 29210
      View Details
    • Contact for pricing
      2,139 SF

      Office Space with Central Location

      Office space with upgraded amenities and highway access.
      2000 Center Point Rd, Columbia, SC 29210
      View Details

    Property Visit Statistics

    • Visits by month
      3.2k
    • Visitors by month
      1.3k
    • Avg Time on site
      518 min
    View Listing
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    411 Piney Grove Rd
    Columbia, SC 29210
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    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
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