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

    7949 Broad River Rd Irmo, SC 29063

    • Commercial real estate
    • 56,958 SF
    • 6.21 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Last Sale
    Mar 12, 2021
    $4,150,000
    Value Estimations
    $5,715,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0222370
    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

    • Check Into Cash / Financial Institution / Loan Agency
    • SC Gold and Pawn / Pawn Shop
    • Unity Karate Academy / Karate School
    • ATM / Atm
    • Bart's Crazy Good Coffee Shop of Irmo / Coffee Shop

    Property Details for 7949 Broad River Rd

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.21 lot acres
    Property size
    56,958 SF
    Zone code
    CG
    Property type
    Commercial real estate
    APN
    R04006-02-25
    APU
    R040060225

    Description

    This exceptional retail property, located at 7949 Broad River Road in Irmo, South Carolina, 29063, offers 11,000 square feet of versatile space ideal for a variety of businesses. The property is a multi-tenant strip center/shopping center, conveniently situated in the Irmo/Ballentine submarket of Columbia. It's easily accessible from both Broad River Road and North Woodrow Street, providing excellent visibility and convenient access for customers. The center offers ample parking for tenants and patrons. Individual suites are available, with a minimum leasable space of 1,000 square feet and a maximum contiguous space of 7,200 square feet, providing flexibility for businesses of various sizes. The property's retail zoning makes it suitable for a range of uses, including retail shops, offices, freestanding businesses, and restaurants. This prime location in a thriving community presents a unique opportunity for businesses seeking high visibility and convenient access in a well-established commercial area. The property's layout and ample parking ensure a positive experience for both tenants and their customers. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,662,000
      Market price range: $3.79M - $10.2M
      AI Estimate
      $6,578,000
      Market price range: $3.67M - $10.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Irmo
    County
    Richland
    State
    South Carolina
    Longitude
    -81.1893
    Latitude
    34.1062
    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
    $111,394
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $4,150,000

    Comparable in this City

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    • Value Estimation by Request
      0.63 Acres

      7430 Broad Riv Rd

      COMMERCIAL (GENERAL) • 0.63 Acres
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      1031 Broad Stone Rd

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      7813 Broad Riv Rd

      COMMERCIAL (GENERAL) • 1,761 SF
      7813 Broad Riv Rd, Irmo, SC 29063-2357
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      3,374 SF

      7425 Broad Riv Rd

      COMMERCIAL (GENERAL) • 3,374 SF
      7425 Broad Riv Rd, Irmo, SC 29063-9667
      View Details
    • Value Estimation
      $520,000
      4,488 SF

      11210 Broad Riv Rd

      COMMERCIAL (GENERAL) • 4,488 SF
      11210 Broad Riv Rd, Irmo, SC 29063-9669
      View Details

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    7949 Broad River Rd
    Irmo, SC 29063
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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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