Flex Showroom and Warehouse
For Sale
$280,000
301 Ramblin Road, West Columbia, SC 29170
COMMERCIAL - West Columbia, SC
Property Size4,270 SF
Lot Size0.88 Acres
Price / SF$65.57
Days on Market483
Property Features for 301 Ramblin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ID
Parking
15
Directions
Hwy. 302 or Platt Springs Rd to Ramblin road
Subdivision
Cayce/West Cola/Airport/S. Congaree
Standard status
Active
Size
4,270 SF
Lot size
0.88 Acres
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Roof type
Metal, Shingle
Listing Agency:
NextHome Specialists
(803) 780-4536
Listed By:
Debbie McIver · License #43592,PersonLicenseNumber
(803) 518-2588
Added: May 3, 2025
Changed: Aug 4
Last Checked: Aug 28 at 8:06PM
MLS# 607842
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flexible commercial property on a 0.88-acre lot combines showroom, office, and warehouse space in a layout previously used for a plumbing company. The main building has approximately 3,100 square feet of heated and cooled interior, featuring a fully outfitted plumbing showroom with display areas for tub and vanity products, along with a separate room for toilet displays that can be converted into an additional office. There are three private offices, a breakroom/storage area, and a full bathroom with a toilet, bidet, and shower. Plumbing hardware displays are mounted throughout for immediate use or conversion to another trade.
Connected to the main building is a 1,500-square-foot insulated warehouse with high ceilings, two garage doors for convenient access, a dedicated valve room, additional office space, and a half bathroom. The exterior offers ample parking in the front for customers and in the rear for company vehicles, along with a fuel tank, irrigation system, koi pond, and gutters with leaf guards.
Connected to the main building is a 1,500-square-foot insulated warehouse with high ceilings, two garage doors for convenient access, a dedicated valve room, additional office space, and a half bathroom. The exterior offers ample parking in the front for customers and in the rear for company vehicles, along with a fuel tank, irrigation system, koi pond, and gutters with leaf guards.
Key Highlights
- 0.88‑acre commercial property with showroom, office, and 1,500 SF insulated warehouse
- 3,100 SF heated and cooled interior with plumbing showroom and display areas for tub, vanity, and toilet
- Up to four office options: three private offices plus a toilet display room that can convert to a fourth office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,661
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,220
$393.2K
Cap Rate 7%
$280,871
$280.9K
Cap Rate 9%
$218,456
$218.5K
Market Conditions
NOI Build-Up for 4,270 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.3K $7.56/SF
− Vacancy
−$2.0K −$0.48/SF
EGI
$30.2K $7.08/SF
− OpEx
−$10.6K −$2.48/SF
NOI
$19.7K $4.60/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,220
Cap Rate 7%
$280,871
Cap Rate 9%
$218,456
Alternative Uses
Best Use
Warehouse
$458.1K
$400.9K – $534.5K
NOI $32,068 @ 7.0% cap · market cap 11.45%
Second Best
Industrial
$377.3K
$330.1K – $440.2K
NOI $26,409 @ 7.0% cap · market cap 9.43%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,276 @ 7.0% cap · market cap 28.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29170, SC
22,422
Population
9,547
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
92%
High-School Grad
24.5 sq mi
ZIP Area
915
Density / Sq Mi
$73,470
Median Household Income
$43,125
Median Earnings
$1,026
Median Rent
$191,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex facility includes outfitted showroom, private offices, and an insulated warehouse with two garage doors.
Where is this flex space located?
The property is located at 301 Ramblin Road West Columbia, SC.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 0.88‑acre commercial property with showroom, office, and 1,500 SF insulated warehouse; 3,100 SF heated and cooled interior with plumbing showroom and display areas for tub, vanity, and toilet; Up to four office options: three private offices plus a toilet display room that can convert to a fourth office
