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    Property profile & analytics

    6011 Shakespeare Rd Columbia, SC 29223

    • Warehouses
    • 11,500 SF
    • 20.00 lot acres
    For Lease
    View listing
    $0.04 SF/Yr
    Last Sale
    Oct 27, 2020
    $1,300,000
    Value Estimations
    $1,380,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0647664
    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

    • Warehouses

    Property Details for 6011 Shakespeare Rd

    Year built
    1955
    Lot size
    20.00 lot acres
    Property size
    11,500 SF
    Zone code
    M-1
    Property type
    Warehouses
    APN
    R14211-02-45
    APU
    R142110245

    Description

    This Columbia, SC industrial park offers 98,072 square feet of flexible space across 14 buildings on a 23.69-acre lot. Currently, approximately 45,292 square feet is available for lease, including various configurations suitable for warehouse, office, light manufacturing, fleet service, and equipment storage needs. Multiple building options exist, ranging from approximately 2,242 square feet to larger spaces exceeding 16,000 square feet, with some offering subdividable options. Building 3 offers roughly 2,242 square feet of self-storage space, while Building 4 provides approximately 16,287 square feet of covered storage. Buildings 10 and 11 offer approximately 11,523 and 3,542 square feet respectively. Buildings 12 and 13 offer approximately 4,115 square feet of warehouse space, plus bonus areas of approximately 1,904 square feet of covered bays and 2,400 square feet of open shed space at no additional cost. The property boasts a prime location in Richland County, zoned M-1, with convenient access to I-20 and I-77, making it ideal for last-mile delivery and distribution. The site is situated on US Highway 1, offering excellent visibility and accessibility. This cross-dock transfer terminal is an exceptional opportunity for businesses seeking efficient and strategically located industrial space in South Carolina. Detailed lease rates and additional information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,545,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,365,000
      RESTAURANT
      $1,105,000
      COMMERCIAL (GENERAL)
      $940,000
      MEDICAL BUILDING
      $910,000
      AUTO REPAIR, GARAGE
      $895,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -80.9781
    Latitude
    34.0603
    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
    $43,071
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $1,290,000

    Comparable in this City

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      4,914 SF

      5541-5545 Shakespeare Rd

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      1,800 SF

      1455 Bella Vista Dr

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      40,375 SF

      1700 Shakespeare Rd

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    • Value Estimation by Request
      39,500 SF

      408 Springs Rd

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      11,859 SF

      1971 Legrand Rd

      Flex space • 11,859 SF
      1971 Legrand Rd, Columbia, SC 29223
      View Details

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      Columbia Multi-Building Office/Warehouse

      Three buildings, 4,914 SF, ideal location.
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    Similar Nearby for Lease

    • $10 SF/Yr
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      Flex Space with Roll-Up Doors

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    • $8 SF/Yr
      40,375 SF

      Columbia Flex Space for Lease

      Industrial flex space, 1,550-2,275 sq ft units.
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    • $7 SF/Yr
      8,700 SF

      Industrial Space with Office

      Office and warehouse space available for lease in Columbia.
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    • $7 SF/Yr
      3,500 SF

      Industrial Warehouse Space Available

      Warehouse space with offices, dock doors, and convenient highway access.
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      View Details
    • $0.04 SF/Yr
      98,072 SF

      Columbia Industrial Park Investment

      Flex & Warehouse Space Available
      6011 Shakespeare Rd, Columbia, SC 29223
      View Details
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    Columbia, SC 29223
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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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