Vacant Medical Office
For Sale
Contact for pricing
100 Jimmy Love Ln, Columbia, SC 29212
Existing clinical layout supports outpatient, administrative, and patient-facing operations.
Property Size9,668 SF
Price / SF$275
Days on Market149
Property Features for 100 Jimmy Love Ln
General Information
Standard status
Active
Size
9,668 SF
Total Parking Spaces
32
Property subtype
Office, Special Purpose
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2000
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Avison Young - Greenville
Listed By:
Harris Houser · License #145179
(864) 413-8924
Source:
Crexi
Added: Apr 7
Changed: Aug 31
Last Checked: Sep 1 at 2:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - Greenville
Investment Insights
Based on property information with market context.
This 9,668-square-foot medical office property was built in 2000 and is scheduled for vacant delivery. The existing layout includes exam rooms, clinical areas, administrative offices, and a patient waiting area, providing a substantial foundation for continued medical use or reconfiguration.
The building’s second-generation medical build-out and established mechanical infrastructure may help a future occupant adapt the premises to its operational requirements. Its prior medical occupancy makes the property relevant for healthcare providers and other users seeking dedicated outpatient space with existing clinical components.
The building’s second-generation medical build-out and established mechanical infrastructure may help a future occupant adapt the premises to its operational requirements. Its prior medical occupancy makes the property relevant for healthcare providers and other users seeking dedicated outpatient space with existing clinical components.
Key Highlights
- 9,668‑square‑foot medical office property
- Built in 2000
- Vacant delivery for a new occupant
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
$129,474
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
4.87%
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%
$2,589,480
$2.6M
Cap Rate 7%
$1,849,629
$1.8M
Cap Rate 9%
$1,438,600
$1.4M
Market Conditions
NOI Build-Up for 9,668 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
$232.0K $24.00/SF
− Vacancy
−$16.2K −$1.68/SF
EGI
$215.8K $22.32/SF
− OpEx
−$86.3K −$8.93/SF
NOI
$129.5K $13.39/SF
Area
Columbia, SC
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$2,589,480
Cap Rate 7%
$1,849,629
Cap Rate 9%
$1,438,600
Alternative Uses
Best Use
Healthcare Medical
$1.85M
$1.62M – $2.16M
NOI $129,474 @ 7.0% cap · market cap 4.87%
Second Best
Office B
$1.64M
$1.44M – $1.91M
NOI $114,856 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,645 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29212, SC
29,739
Population
13,374
Households
2.2
Avg Household Size
43
Median Age
46%
College-Educated
94%
High-School Grad
21.4 sq mi
ZIP Area
1,390
Density / Sq Mi
$74,652
Median Household Income
$45,221
Median Earnings
$1,359
Median Rent
$222,200
Median Home Value
Market
Vacancy Rate% for Office in Columbia, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing clinical layout supports outpatient, administrative, and patient-facing operations.
Where is this medical office space located?
The property is located at 100 Jimmy Love Ln Columbia, SC.
What is the asking price?
The asking price for this property is $2,658,700.
What are key features of this property?
This property features: 9,668‑square‑foot medical office property; Built in 2000; Vacant delivery for a new occupant
