Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    980 N Woodland Dr Lancaster, SC 29720

    Property Lookup

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

    980 N Woodland Dr Lancaster, SC 29720

    View on Map
    • Medical Office Space
    • 12,309 SF
    • 2.10 lot acres
    For Sale
    $875,000
    View Listing →
    Lancaster Medical/Office Space Available For Sale
    $875,000
    6,900 SF

    Lancaster Medical/Office Space Available

    Versatile space near MUSC Health Lancaster Medical Center.

    980 N Woodland Dr, Lancaster, SC
    View Listing
    Property ID
    US77-1406258
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nephrology Associates PA: Fassler John E MD / Physician
    • Dr. Douglas K. Nicholson, DO / Physician
    • Dr. Eric W. Peterson, MD / Physician
    • Erb Brian C MD / Physician

    Property Details for 980 N Woodland Dr

    Year built
    1992
    Construction
    WOOD
    Lot size
    2.10 lot acres
    Property size
    12,309 SF
    Zone code
    CITY
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0067-00-028.01
    APU
    670002801

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.7912
    Latitude
    34.7198
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-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
    $17,032
    $2,160
    $36,048
    $38,208
    -
    $36,000
    $600,800
    $636,800

    Comparable in this City

    • Value Estimation
      $2,880,000
      50,800 SF

      1228 Colonial Cmns Ct

      MEDICAL BUILDING • 50,800 SF
      1228 Colonial Cmns Ct, Lancaster, SC 29720-2200
      View Details
    • Value Estimation
      $785,000
      2,569 SF

      901 Meeting St

      MEDICAL BUILDING • 2,569 SF
      901 Meeting St, Lancaster, SC 29720-6200
      View Details
    • Value Estimation
      $1,230,000
      5,738 SF

      108 Healthcare Dr

      MEDICAL BUILDING • 5,738 SF
      108 Healthcare Dr, Lancaster, SC 29720-8037
      View Details
    • Value Estimation
      $1,105,000
      17,090 SF

      134 Rebound Rd

      MEDICAL BUILDING • 17,090 SF
      134 Rebound Rd, Lancaster, SC 29720-7712
      View Details
    • Value Estimation by Request
      5,367 SF

      1037 Meeting St

      MEDICAL BUILDING • 5,367 SF
      1037 Meeting St, Lancaster, SC 29720-2205
      View Details
    • Value Estimation
      $520,000
      11,600 SF

      1100 Meeting St

      MEDICAL BUILDING • 11,600 SF
      1100 Meeting St, Lancaster, SC 29720-2251
      View Details

    Similar Nearby for Sale

    • $975,000
      0.82 Acres

      Two Professional Buildings Near MUSC

      Two professional office buildings near MUSC in Lancaster, South Carolina.
      1201 Colonial Cmns Ct, Lancaster, SC 29720
      View Details
    • $975,000

      Medical Office Buildings Near MUSC

      Two professional buildings suitable for medical or office use.
      1201 Colonial Commons Ct, Lancaster, SC 29720
      View Details
    • Contact for pricing
      10,861 SF

      Lancaster Medical/Office Space Available

      Versatile space near MUSC Health Lancaster Medical Center.
      980 N Woodland Dr, Lancaster, SC 29720
      View Details
    • $299,000

      Lancaster Light Industrial Facility

      3,400 SF facility on 2 acres near Rock Hill.
      1537 Lynwood Dr, Lancaster, SC 29720
      View Details
    • $349,000

      Versatile Commercial Building in Lancaster

      Two-story commercial building with offices in downtown Lancaster, SC.
      302 N White St, Lancaster, SC 29720
      View Details
    • $450,000

      Mixed-Use Commercial Property For Sale

      Four buildings with six potential rental opportunities on 1.6 acres.
      2415 Pineview Dr, Lancaster, SC 29720
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      114 E Gay St, Lancaster, SC 29720

      Retail space
      114 E Gay St, Lancaster, SC 29720
      View Details
    • $5,000 /Mo

      Main Street Commercial Space Available

      Versatile commercial space in downtown Lancaster with high visibility.
      120 S Main St, Lancaster, SC 29720
      View Details
    • Contact for pricing

      Retail Space Near Major Intersection

      Retail property located near a highly trafficked intersection.
      100 Monroe Hwy, Lancaster, SC 29720
      View Details
    • Contact for pricing

      Retail Space in Lancaster Center

      Retail spaces available in Walmart-anchored community center.
      945-973 Highway 9 Byp W, Lancaster, SC 29720
      View Details
    • Contact for pricing

      Lancaster Retail Space For Lease

      Retail space available in a busy Lancaster shopping center.
      1256 Highway 9 Byp W, Lancaster, SC 29720
      View Details
    • Contact for pricing

      Retail Space in Lancaster, SC

      Retail spaces available in Walmart-anchored community center.
      905-933 Highway 9 Byp W, Lancaster, SC 29720
      View Details
    View Listing
    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.
    980 N Woodland Dr
    Lancaster, SC 29720
    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.
    Sign Up Successful!
    You now have access to more from Realmo!