Three-Unit Office
For Sale
Contact for pricing
10628 Broad River Rd, Irmo, SC 29063
Multi-suite office configuration with on-site parking and access to established area retailers.
Property Size5,040 SF
Price / SF$138.89
Days on Market8
Property Features for 10628 Broad River Rd
General Information
Standard status
Active
Size
5,040 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Office Units
3
Listing Agency:
Wilson Kibler | Columbia
(803) 255-8642
Listed By:
Brooks Owings
Source:
Moodyscre
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 11 at 6:27AM
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 Wilson Kibler | Columbia
Investment Insights
Based on property information with market context.
This office property contains 3 units within 5,040 square feet, creating a multi-suite configuration for professional occupants. On-site parking is included, adding practical convenience for employees and visitors.
Located at 10628 Broad River Rd in Irmo, the property is near Lake Murray and less than 3 miles from Interstate 26. Nearby retailers include Walmart, Tractor Supply, Chick-fil-A, McDonald's, Sonic Drive-In, and Chipotle.
Located at 10628 Broad River Rd in Irmo, the property is near Lake Murray and less than 3 miles from Interstate 26. Nearby retailers include Walmart, Tractor Supply, Chick-fil-A, McDonald's, Sonic Drive-In, and Chipotle.
Key Highlights
- 3 office units totaling 5040 square feet
- On‑site parking included
- Less than 3 miles to Interstate 26
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
$60,729
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
8.68%
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%
$1,214,580
$1.2M
Cap Rate 7%
$867,557
$867.6K
Cap Rate 9%
$674,767
$674.8K
Market Conditions
NOI Build-Up for 5,040 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
$88.3K $17.52/SF
− Vacancy
−$7.3K −$1.45/SF
EGI
$81.0K $16.07/SF
− OpEx
−$20.2K −$4.02/SF
NOI
$60.7K $12.05/SF
Area
Richland County, SC
Vacancy
8.30%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
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%
$1,214,580
Cap Rate 7%
$867,557
Cap Rate 9%
$674,767
Alternative Uses
Best Use
Office B
$867.6K
$759.1K – $1.01M
NOI $60,729 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.14M
$995.1K – $1.33M
NOI $79,605 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 29063, SC
36,341
Population
14,658
Households
2.5
Avg Household Size
40
Median Age
46%
College-Educated
96%
High-School Grad
40.1 sq mi
ZIP Area
906
Density / Sq Mi
$92,147
Median Household Income
$48,853
Median Earnings
$1,599
Median Rent
$239,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Multi-suite office configuration with on-site parking and access to established area retailers.
Where is this office units located?
The property is located at 10628 Broad River Rd Irmo, SC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3 office units totaling 5040 square feet; On‑site parking included; Less than 3 miles to Interstate 26
