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    500 Chris Dr West Columbia, SC 29169-4669
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    Property profile & analytics

    500 Chris Dr, West Columbia, SC 29169-4669

    View on Map
    • Hotels
    • 55,248 SF
    • 7.10 lot acres
    Off-Market
    Last Sale Mar 13, 2020
    $3,840,000
    Property ID
    US77-0785301
    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
    $4,430,000
    Show details
    Cap Rate Potential
    7.4%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 500 Chris Dr

    Year built
    1968
    Lot size
    7.10 lot acres
    Zone code
    ID
    Property type
    Hotels
    APN
    004534-05-010
    APU
    453405010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 13, 2020 $3,840,000 Sanpriya Enterpirses LLC Mani Vallabh LLC Grant Deed $3.2M · Bank Of George
    Jan 25, 2019 — Mani Vallabh LLC — Deed · related $200k · Amratlal R & Manuben A Patel
    Apr 30, 2018 — Mani Vallabh LLC — Deed · related $146k · Security Fed'l Bk
    Jun 16, 2017 — Mani Vallabh LLC — Deed · related $823k · Security Federal Bank
    Sep 2, 2016 $2,350,000 Mani Vallabh LLC Satya LLC Deed $1.8M · Security Federal Bank
    — — Satya LLC — Deed Of Trust · related $4M · Arthur State Bank
    — — Mani Vallabh LLC — Deed Of Trust · related $200k · Amratlal R & Manuben A Patel
    — — Satya LLC — Deed Of Trust · related $3.8M · Security Federal Bank
    — — Mani Vallabh LLC — Deed Of Trust · related $843k · Private Individual
    — — Mani Vallabh LLC — Deed Of Trust · related $146k · Security Fed'l Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,565,000
      ML approach
      $4,700,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,635,000
      6.5%
      $5,200,000
      7%
      $4,830,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,395,000
      MEDICAL BUILDING
      $5,875,000
      COMMERCIAL (GENERAL)
      $5,315,000
      AUTO REPAIR, GARAGE
      $4,680,000
      RETAIL STORES
      $3,595,000
      WAREHOUSE, STORAGE
      $2,755,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1056
    Latitude
    33.9838
    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
    $64,491
    $24,000
    $150,000
    $174,000
    -
    $400,000
    $2,500,000
    $2,900,000

    Comparable in this City

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      112 Mcswain Dr

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    • Value Estimation
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      650 Cherokee Ln

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    • Value Estimation
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      49,708 SF

      1094 Chris Cir

      HOTEL
      1094 Chris Cir, West Columbia, SC 29169-4722
      View Details
    • Value Estimation by Request
      9,033 SF

      2426 Augusta Rd

      HOTEL
      2426 Augusta Rd, West Columbia, SC 29169-4576
      View Details
    • Value Estimation by Request
      14,000 SF

      114th Mcswain Dr

      HOTEL
      114th Mcswain Dr, West Columbia, SC 29169-4804
      View Details

    Similar Nearby for Sale

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      10,840 SF

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    • $2,250,000
      57.93 Acres

      West Columbia 57.93-Acre Development Opportunity

      Prime 57.93-acre tract in West Columbia, SC, for development.
      Platt Spring Rd, West Columbia, SC 29169
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    • Contact for pricing

      Vacant Commercial Lot For Sale

      0.61 acre cleared corner lot in West Columbia.
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      Land with Auto Repair Lease

      1.51 acres with lease agreement and build-to-suit option.
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      Commercial Land Near Interstate Access

      Commercial land with flexible zoning near major interstates.
      184 Lott Ct, West Columbia, SC 29169
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      2,200 SF

      West Columbia Retail/Restaurant Space

      Retail or restaurant space with ample parking and high traffic.
      1471 Platt Spring Rd, West Columbia, SC 29169
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in West Columbia

      Retail spaces available for lease in West Columbia, SC.
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      1,711 SF

      Medical Office Near Lexington Medical

      Medical office building for lease near Lexington Medical Center.
      3119 Sunset Blvd, West Columbia, SC 29169
      View Details
    • Contact for pricing

      Prime Retail Center on Airport

      Highly visible retail center with 58,000 SF leasable space.
      1618 Airport Blvd, West Columbia, SC 29169
      View Details
    • Contact for pricing
      4,662 SF

      West Columbia Office/Warehouse Space

      4,662 SF office and warehouse space for lease.
      1049 Sunset Blvd, West Columbia, SC 29169
      View Details
    • $14 SF/Yr

      West Columbia Showroom/Office/Flex Space

      17,800 SF showroom/office/flex space available for sublease in West Columbia.
      100 Corporate Blvd, West Columbia, SC 29169
      View Details

    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      1.6k
    • Avg Time on site
      559 min
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    West Columbia, SC 29169-4669
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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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