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    Property profile & analytics

    605 Church St Swansea, SC 29160

    • Retail space
    • 9,373 SF
    • 0.85 lot acres
    For Sale
    View listing
    $1,235,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0790376
    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

    • Family Dollar / Discount Store

    Property Details for 605 Church St

    Year built
    2008
    Lot size
    0.85 lot acres
    Property size
    9,373 SF
    Property type
    Retail space
    APN
    013021-01-004
    APU
    1302101004

    Description

    This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 605 N Church St, Swansea, SC 29160. The property, built in 2008 and renovated in 2008 and 2023, boasts 9,180 square feet on a 0.85-acre lot. The current lease, with a corporate guarantee from Dollar Tree (S&P BBB rating), extends until December 31, 2033, offering a remaining term of 9.1 years. The lease includes 10% rent bumps every five years, significantly increasing the property's value over time. The tenant pays a net rent of $9.75 per square foot, generating a strong net operating income (NOI) of $89,540 and a 7.25% cap rate. The property benefits from its location within the Columbia MSA, a thriving market with approximately 829,000 residents and strong population growth in the surrounding Lexington County. The property's strong demographics, including an average household income of $71,847 within a 1-mile radius projected to grow 4.4% annually through 2029, further enhance its investment appeal. The limited landlord responsibilities (roof and structure only) minimize operational burdens. This is a fee-simple ownership opportunity with significant long-term growth potential. The asking price is $1,235,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,575,000
      6.5%
      $1,450,000
      7%
      $1,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,244,000
      Market price range: $434k - $1.24M
      AI Estimate
      $1,363,000
      Market price range: $489k - $1.36M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,255,000
      MEDICAL BUILDING
      $1,990,000
      COMMERCIAL (GENERAL)
      $1,220,000
      OFFICE BUILDING
      $1,145,000
      AUTO REPAIR, GARAGE
      $1,140,000
      NEIGHBORHOOD: SHOPPING CENTER
      $995,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Swansea
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.0984
    Latitude
    33.7432
    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
    $22,523
    $4,536
    $34,921
    $39,457
    -
    $75,598
    $582,013
    $657,611

    Comparable in this City

    • Value Estimation by Request
      960 SF

      215 Cardiff Ave

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      215 Cardiff Ave, Swansea, SC 29160
      View Details
    • Value Estimation by Request
      1,625 SF

      250 Monmouth Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,625 SF
      250 Monmouth Ave, Swansea, SC 29160
      View Details
    • Value Estimation by Request
      740 SF

      Cardiff Ave

      RETAIL STORES (PERSONAL SERVICES) • 740 SF
      Cardiff Ave, Swansea, SC 29160
      View Details
    • Value Estimation
      $675,000
      5,000 SF

      105 Craft St

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      105 Craft St, Swansea, SC 29160-8522
      View Details
    • Value Estimation by Request
      1,425 SF

      295 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 1,425 SF
      295 3rd St, Swansea, SC 29160
      View Details
    • Value Estimation by Request
      748 SF

      273 Cardiff Ave

      RETAIL STORES (PERSONAL SERVICES) • 748 SF
      273 Cardiff Ave, Swansea, SC 29160
      View Details

    Similar Nearby for Sale

    • $1,235,000
      9,180 SF

      Swansea Retail Investment Opportunity

      Family Dollar Net Lease, High ROI
      605 Church St, Swansea, SC 29160
      View Details
    • $149,000
      0.27 Acres

      Swansea Commercial Property For Sale

      Multi-unit building with upside potential in prime Swansea location.
      280-295 W 3Rd St, Swansea, SC 29160
      View Details
    • $445,000
      1,880 SF

      Prime Commercial Property in Swansea

      Versatile commercial property in Swansea's growing market, ideal for various businesses.
      495 North Church St, Swansea, SC 29160
      View Details
    • $275,000
      2,125 SF

      Swansea Restaurant with Recent Updates

      Turn-key restaurant opportunity with recent renovations and equipment included.
      706 St. Matthews Rd, Swansea, SC 29160
      View Details
    • $419,999

      Large Lexington County Acreage

      Large acreage property perfect for hunting or a private retreat.
      Farm Rd, Swansea, SC 29160
      View Details
    • $1,320,000
      138.90 Acres

      138.9 Acres Swansea Hunting Land

      Prime Hunting & Residential Land in SC
      0 Calvary Church Rd, Swansea, SC 29160
      View Details
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    605 Church St
    Swansea, SC 29160
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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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