Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8500 2nd Notch Rd Columbia, SC 29223-6361

    • Commercial real estate
    • 3,709 SF
    OFF-MARKET
    Last Sale
    Mar 10, 2025
    $900,000
    Value Estimations
    $815,000
    Show details
    Cap Rate Potential
    6.8%
    Commercial real estate
    Location Intelligence
    Property ID
    US77-1043183
    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

    • Circle K / Grocery & Convenience Store

    Property Details for 8500 2nd Notch Rd

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    3,709 SF
    Zone code
    GC
    Property type
    Commercial real estate
    APN
    R17113-02-01
    APU
    R171130201

    Description

    Exceptional 1.24-acre commercial land parcel in Columbia, South Carolina, is available for $1,500,000. Located at the highly trafficked intersection of Two Notch Road and Alpine Road in Richland County (zip code 29223), this property boasts excellent visibility and accessibility. The site benefits from significant recent redevelopment and growth in the surrounding area. Its strategic location offers convenient proximity to major transportation arteries, approximately 1.25 miles from Interstate 77 and 1 mile from Interstate 20, ensuring high traffic counts. Two Notch Road sees approximately 33,100 vehicles per day, while Interstate 77 sees approximately 62,400 vehicles per day. The property is zoned General Commercial by Richland County and features public water and sewer utilities. Previously occupied by a ground-leased convenience store since 1978 (most recently Circle K), the site presents a rare infill opportunity. Circle K's recent relocation to a nearby location has resulted in the closure of this store, and they are responsible for removing existing tanks and pumps. This versatile location is well-suited for a variety of commercial uses, including but not limited to convenience stores, coffee shops, oil change facilities, and car washes. Further investigation of permitted uses is recommended for potential buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $720,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $810,000
      6.5%
      $750,000
      7%
      $695,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -80.9349
    Latitude
    34.0859
    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
    $12,331
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $422,900

    Comparable in this City

    • Value Estimation by Request
      36.00 Acres

      37 Ac

      Land • 36.00 Acres
      37 Ac, Columbia, SC 29223
      View Details
    • Value Estimation by Request
      14.53 Acres

      6701 Farrow Rd

      Land • 14.53 Acres
      6701 Farrow Rd, Columbia, SC 29223
      View Details
    • Value Estimation by Request
      0.86 Acres

      Ss Legrand Rd

      COMMERCIAL (GENERAL) • 0.86 Acres
      Ss Legrand Rd, Columbia, SC 29223
      View Details
    • Value Estimation by Request
      0.38 Acres

      Ns 2nd Notch Rd

      COMMERCIAL (GENERAL) • 0.38 Acres
      Ns 2nd Notch Rd, Columbia, SC 29223
      View Details
    • Value Estimation by Request
      1.41 Acres

      1097 Percival Woods Rd

      COMMERCIAL (GENERAL) • 1.41 Acres
      1097 Percival Woods Rd, Columbia, SC 29223-4107
      View Details
    • Value Estimation by Request
      1,920 SF

      3021 Mcnaughton Dr

      COMMERCIAL (GENERAL) • 1,920 SF
      3021 Mcnaughton Dr, Columbia, SC 29223-1854
      View Details

    Similar Nearby for Sale

    • $849,000

      Columbia Commercial Land - 5.95 Acres

      Prime 5.95-acre commercial lot, ready for development.
      8911 Two Notch Rd, Columbia, SC 29223
      View Details
    • $69,500
      0.49 Acres

      Columbia Commercial Land - $69,500

      ±0.49-acre lot, ideal for professional services.
      6 Office Park Ct, Columbia, SC 29223
      View Details
    • $295,000
      2.40 Acres

      Columbia Commercial Land - 2.4 Acres

      Prime 2.4-acre commercial lot in Richland County.
      604 Rabon Rd, Columbia, SC 29223
      View Details
    • $229,000
      2.85 Acres

      Columbia Commercial Land - 2.85 Acres

      Prime 2.85-acre commercial lot in Columbia, SC.
      6230 Two Notch Rd, Columbia, SC 29223
      View Details
    • $995,000
      5.76 Acres

      Trenholm Road Development Opportunity

      5.76 Acres, Columbia, SC - Prime Location
      7248 Trenholm Rd, Columbia, SC 29223
      View Details
    • $360,000
      3.80 Acres

      Columbia Commercial Land - 3.8 Acres

      Prime 3.8-acre development site in Richland County.
      6400 Shakespeare Rd, Columbia, SC 29223
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      22,800 SF

      Columbia Flex Space - 2711 Alpine Rd

      1,960 SF Flex Space Available in Columbia, SC
      2711 Alpine Rd, Columbia, SC 29223
      View Details
    • $14 SF/Yr
      3,474 SF

      Tillman's Plaza Executive Office Suites

      Columbia, SC retail & office space. Two suites available.
      7358-7372 Two Notch Rd, Columbia, SC 29223
      View Details
    • $8 SF/Yr
      40,375 SF

      Columbia Flex Space for Lease

      Industrial flex space, 1,550-2,275 sq ft units.
      1700 Shakespeare Rd, Columbia, SC 29223
      View Details
    • $12 SF/Yr
      40,479 SF

      Fortaine Business Park: Columbia, SC

      Prime Office/Flex Space: Columbia's Northeast
      300 Arbor Lake Dr, Columbia, SC 29223
      View Details
    • $20 SF/Yr
      57,375 SF

      Prime Medical Office Space Columbia SC

      Class A Medical Office, 6,000-8,362 SF Available
      101 Business Park Blvd, Columbia, SC 29223
      View Details
    • Contact for pricing
      375 SF

      Two Interior Office Spaces Available

      Two interior office spaces for rent in full-service center.
      6615 Two Notch Rd, Columbia, SC 29223
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8500 2nd Notch Rd
    Columbia, SC 29223-6361
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.