454 Berryhill RdColumbia, SC 29210

Property Details for 454 Berryhill Rd

Year built

1982

Lot size

1.66 AC

Property size (Sq ft)

12,141 SF

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

003697-02-053

APU

369702053

Description

This exceptional investment opportunity presents a fully leased, 12,043 square foot office building situated on a 1.66-acre lot at 454 Berryhill Rd, Columbia, SC 29210. The single-story, 1980-built Class C property boasts a 100% occupancy rate with two tenants under a triple net (NNN) lease. The current lease, commencing May 1, 2022, and expiring April 30, 2025, includes automatic one-year renewal options. The property features 91 parking spaces and is zoned C-2. The building includes built-out office space with conference rooms and a spacious common area, along with a warehouse section containing a convenient 10' x 9' roll-up door. Its strategic location between Interstates 26 and 20 provides excellent accessibility and high visibility. The property offers a compelling investment opportunity with a current net operating income (NOI) of $168,124 and a 7.47% cap rate. The asking price is $2,250,000, translating to a price per square foot of $186.83. This property is ideal for investors seeking a stable, high-return asset in a prime location. The property's APN is 003697-02-053. The building serves as both executive and traditional office space, as well as medical office space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,825,916

  6.5%

  $1,685,461

  7%

  $1,565,071

• Comparable approach

  Method

  Valuation

  Relative Method

  $888,363

  Geo Method

  $2,055,957

• Alternative Use

  Use

  Valuation

  Residential

  $2,089,972

  Hospitality

  $1,914,403

  Educational

  $1,592,761

  Medical

  $1,647,538

  Retail

  $2,477,628

Location Insight

City

Columbia

County

Lexington

State

South Carolina

Latitude

34.033

Longitude

-81.1227

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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