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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    566 Chris Dr West Columbia, SC 29169-4602

    • Office buildings
    • 3,504 SF
    • 1.70 lot acres
    OFF-MARKET
    Last Sale
    Apr 05, 2021
    $445,000
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    8.4%
    Office buildings
    Location Intelligence
    Property ID
    US77-1279496
    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

    • Office buildings

    Property Details for 566 Chris Dr

    Year built
    1988
    Lot size
    1.70 lot acres
    Property size
    3,504 SF
    Zone code
    ID
    Property type
    Office buildings
    APN
    004599-12-005
    APU
    459912005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $835,000
      6.5%
      $770,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $643,000
      Market price range: $322k - $644k
      AI Estimate
      $648,000
      Market price range: $247k - $648k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $505,000
      Current use
      MEDICAL BUILDING
      $630,000
      Change: +24% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    West Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1062
    Latitude
    33.9862
    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
    $9,896
    $9,000
    $17,700
    $26,700
    -
    $150,000
    $295,000
    $445,000

    Comparable in this City

    • Value Estimation
      $3,905,000
      20,240 SF

      112 Saluda Rdg Ct

      OFFICE BUILDING • 20,240 SF
      112 Saluda Rdg Ct, West Columbia, SC 29169-3460
      View Details
    • Value Estimation
      $1,035,000
      8,050 SF

      1523 Sunset Blvd

      OFFICE BUILDING • 8,050 SF
      1523 Sunset Blvd, West Columbia, SC 29169-5945
      View Details
    • Value Estimation
      $515,000
      3,564 SF

      100 9th St

      OFFICE BUILDING • 3,564 SF
      100 9th St, West Columbia, SC 29169-6700
      View Details
    • Value Estimation by Request
      2,235 SF

      700 Charleston Hwy

      OFFICE BUILDING • 2,235 SF
      700 Charleston Hwy, West Columbia, SC 29169-6315
      View Details
    • Value Estimation
      $2,325,000
      9,671 SF

      164 Lott Ct

      OFFICE BUILDING • 9,671 SF
      164 Lott Ct, West Columbia, SC 29169-3039
      View Details
    • Value Estimation
      $665,000
      1,927 SF

      147 State St

      OFFICE BUILDING • 1,927 SF
      147 State St, West Columbia, SC 29169-7557
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,054 SF

      West Columbia Office Building

      2,054 SF office building for sale, lease, or redevelopment.
      1110 Charleston Hwy, West Columbia, SC 29169
      View Details
    • $2,145,000
      12,956 SF

      West Columbia Office/Medical Building

      12,956 SF office/medical building in high-demand corridor.
      3221-3231 Sunset Blvd, West Columbia, SC 29169
      View Details
    • $1,195,000
      6,300 SF

      Medical/Office Building Near Lexington Medical

      6,300 SF building suitable for medical or traditional office use.
      101 Medical Cir, West Columbia, SC 29169
      View Details
    • $2,145,000
      12,956 SF

      West Columbia Office/Medical Building

      12,956 SF office/medical building for sale or lease.
      3225 Sunset Blvd, West Columbia, SC 29169
      View Details
    • $625,000
      2,402 SF

      West Columbia Office For Sale

      Office property available for purchase in West Columbia, SC.
      101 Shuler St, West Columbia, SC 29169
      View Details
    • $800,000
      9,200 SF

      Charleston Hwy Mixed-Use Investment

      West Columbia, SC: Value-Add Opportunity
      1101 Charleston Hwy, West Columbia, SC 29169
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      39,722 SF

      Medical Office Space Available

      Accessible medical office space in a growing Columbia corridor.
      3221 Sunset Blvd, West Columbia, SC 29169
      View Details
    • $19 SF/Yr
      5,555 SF

      Cayce Class A Office Space

      Class A office space available in Cayce, South Carolina.
      1300 12Th St, Cayce, SC 29169
      View Details
    • Contact for pricing
      7,838 SF

      Highly Visible Office Space

      Office space with ample parking near downtown and central business
      501 State St, West Columbia, SC 29169
      View Details
    • $22 SF/Yr
      3,500 SF

      West Columbia Office Space Available

      3,500 SF office space for rent in West Columbia.
      3101 Sunset Blvd, West Columbia, SC 29169
      View Details
    • $20 SF/Yr
      7,659 SF

      Medical Office Space For Lease

      Medical office space in prime healthcare corridor location.
      161 Medical Cir, West Columbia, SC 29169
      View Details
    • $16 SF/Yr
      1,300 SF

      Professional Office Space Available

      1,300 SF office space with private offices and reception.
      1087 Harbor Dr, West Columbia, SC 29169
      View Details
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    566 Chris Dr
    West Columbia, SC 29169-4602
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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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