Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    411 Piney Grv Rd Columbia, SC 29210-3836

    • Hotels
    • 27,918 SF
    • 1.03 lot acres
    OFF-MARKET
    Last Sale
    Aug 22, 2024
    $1,175,000
    Value Estimations
    $1,610,000
    Show details
    Cap Rate Potential
    9.9%
    Hotels
    Location Intelligence
    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.

    Current Use by Public Records

    • Super 8 by Wyndham Harbison/Parkridge Hospital / Hotel / Inn

    Property Details for 411 Piney Grv Rd

    Year built
    2001
    Lot size
    1.03 lot acres
    Property size
    27,918 SF
    Zone code
    C2
    Property type
    Hotels
    APN
    002830-01-030
    APU
    283001030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

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

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,565,000
      6.5%
      $2,370,000
      7%
      $2,200,000

    Get a detailed, property-specific valuation — 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
      $585,000
      34,416 SF

      1803 Bush Riv Rd

      HOTEL • 34,416 SF
      1803 Bush Riv Rd, Columbia, SC 29210-6813
      View Details
    • Value Estimation
      $4,275,000
      30,888 SF

      1776 Burning Tree Ln

      HOTEL • 30,888 SF
      1776 Burning Tree Ln, Columbia, SC 29210-5850
      View Details
    • Value Estimation
      $590,000
      190,570 SF

      2100 Bush Riv Rd

      HOTEL • 190,570 SF
      2100 Bush Riv Rd, Columbia, SC 29210-5656
      View Details
    • Value Estimation
      $520,000
      33,384 SF

      1901 Rockland Rd

      HOTEL • 33,384 SF
      1901 Rockland Rd, Columbia, SC 29210-6823
      View Details
    • Value Estimation by Request
      34,841 SF

      200 Zimalcrest Dr

      Motels • 34,841 SF
      200 Zimalcrest Dr, Columbia, SC 29210
      View Details
    • Value Estimation
      $765,000
      82,393 SF

      347 Zimalcrest Dr

      HOTEL • 82,393 SF
      347 Zimalcrest Dr, Columbia, SC 29210-6833
      View Details

    Similar Nearby for Sale

    • $2,850,345
      4,236 SF

      Bojangles QSR Investment Opportunity

      Columbia, SC Bojangles NNN Lease
      2423 Broad River Rd, Columbia, SC 29210
      View Details
    • $775,000
      5,950 SF

      Prime Columbia Executive Office Building

      5,950 SF Standalone Office, $775,000
      234 Outlet Pointe Blvd, Columbia, SC 29210
      View Details
    • $350,000
      3,000 SF

      Columbia Retail Building - $350K

      Prime location, high traffic, vacant 3,000 SF retail space.
      1421 Broad River Rd, Columbia, SC 29210
      View Details
    • $200,000
      0.88 Acres

      Prime Columbia Retail Land

      High-traffic vacant lot, ideal for development.
      1722 Bush River Rd, Columbia, SC 29210
      View Details
    • $925,000
      4,138 SF

      Renovated Office and Living Space

      Two-story building with flexible floorplan near Downtown Columbia.
      132 Stonemark Ln, Columbia, SC 29210
      View Details
    • Contact for pricing
      33,324 SF

      Two-Story Office Building For Sale

      33,324 SF office building located along I-26.
      3800 Fernandina Rd, Columbia, SC 29210
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      8,500 SF

      Haviland Circle Flex/Warehouse Space

      5,732 SF flex and warehouse space for lease.
      1310 Haviland Cir, Columbia, SC 29210
      View Details
    • $2,000 /Mo
      2,380 SF

      Private Office Suite For Rent

      2,380 SF office suite with ample parking available.
      534 Saint Andrews Rd, Columbia, SC 29210
      View Details
    • $14 SF/Yr
      129 SF

      Retail Spaces Available For Rent

      Retail spaces starting at approximately 1,600 sqft for rent.
      652 Bush River Rd, Columbia, SC 29210
      View Details
    • $22 SF/Yr
      5,826 SF

      Class A Office Suites Available

      Class A office suites for rent with ample parking.
      200 Center Point Cir, Columbia, SC 29210
      View Details
    • Contact for pricing
      4,450 SF

      Retail/Flex Space Available

      Retail/flex space with ample parking, available December 2025.
      570 Saint Andrews Rd, Columbia, SC 29210
      View Details
    • $18 SF/Yr
      2,722 SF

      Columbia Office Space For Lease

      Office suites available in desirable Columbia suburban submarket.
      1370 Browning 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    411 Piney Grv Rd
    Columbia, SC 29210-3836
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.