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    534 Columbia Ave Chapin, SC 29036

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    534 Columbia Ave Chapin, SC 29036

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    • Commercial real estate
    • 2.00 lot acres
    For Sale
    $699,999
    View Listing →
    Chapin Commercial Land For Sale For Sale
    $699,999
    1,113 SF

    Chapin Commercial Land For Sale

    2-acre commercial land near I-26 with development potential.

    534 Columbia Avenue, Chapin, SC 29036
    View Listing
    Property ID
    US77-0488987
    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
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 534 Columbia Ave

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate
    APN
    000700-03-056

    Description

    This exceptional 2+/- acre commercial lot in Chapin, South Carolina, presents a compelling investment opportunity. Located at 534 Columbia Avenue, this property boasts General Commercial (GC) zoning, allowing for a wide range of development possibilities. The lot size is approximately two acres, providing ample space for various projects. Conveniently located in the desirable Chapin area, this property offers excellent visibility and accessibility due to its impressive 200 feet of road frontage along Columbia Avenue. All necessary utilities, including water and sewer, are readily available, simplifying the development process. The property's address is 534 Columbia Ave, Chapin, SC 29036, and its Assessor's Parcel Number (APN) is 000700-03-056. This prime location in Lexington County offers significant potential for investors seeking a versatile and strategically positioned commercial property in a thriving South Carolina community. The asking price for this exceptional opportunity is $749,999.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chapin
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.3302935
    Latitude
    34.1722569

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    Similar Nearby for Sale

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      Residential Lot in Chapin

      Vacant lot near Lake Murray for custom home construction.
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      View Details
    • $4,900,000
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      Chapin Residential Development Opportunity

      16.49 acre property with lake frontage in Chapin, SC.
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      View Details
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      Waterfront Lot in Chapin, SC

      Waterfront lot with amenities in Chapin, South Carolina.
      Mainsail Ln, Chapin, SC 29036
      View Details
    • $139,000
      0.22 Acres

      Waterfront Community Land on Lake Murray

      Land in new waterfront community with paid water/sewer tap!
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      View Details
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      Residential Lot in Lake Community

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      Residential Land in Chapin, SC

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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Planned Mixed-Use Development Opportunity

      Mixed-use development opportunity at Chapin Road and Primrose Lane.
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      Chapin Flex Space For Lease

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      Planned Mixed-Use Development Opportunity

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      10,860 SF

      Office/Warehouse Space For Rent

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      Auto Repair Shop For Rent

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    Chapin, SC 29036
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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.

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    534 Columbia Ave, Chapin, SC, 29036

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