Flex Office/Warehouse
For Sale
$1,250,000
1076 Sunset Blvd, West Columbia, SC 29169
Versatile flex building with office/warehouse space and potential for industrial or retail uses.
Property Size6,030 SF
Price / SF$207.30
Days on Market187
Property Features for 1076 Sunset Blvd
General Information
Standard status
Active
Size
6,030 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Lease Term
12 months
Listing Agency:
M & R Realty & Construction
Listed By:
Gene Brazzell
Source:
Exprealty
Added: Mar 6
Changed: Aug 25
Last Checked: Sep 8 at 9:56AM
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 M & R Realty & Construction
Investment Insights
Based on property information with market context.
1076 Sunset Blvd, West Columbia, SC offers a versatile flex-style layout that can support office/warehouse use, as well as industrial or retail options. The property is listed for sale and is also available for lease, with stated leasing terms at $8,500 per month for a minimum one-year lease.
Set in the Columbia, West Columbia, Cayce commercial area, the building is described as providing access to three interstates and U.S. Hwy. 378, noted as major arteries in the district. This connectivity may be useful for tenants seeking straightforward regional access.
The building’s stated flexibility makes it suitable for multiple operating models that pair an office component with warehouse functionality, or for non-industrial retail-oriented uses, subject to applicable requirements.
Set in the Columbia, West Columbia, Cayce commercial area, the building is described as providing access to three interstates and U.S. Hwy. 378, noted as major arteries in the district. This connectivity may be useful for tenants seeking straightforward regional access.
The building’s stated flexibility makes it suitable for multiple operating models that pair an office component with warehouse functionality, or for non-industrial retail-oriented uses, subject to applicable requirements.
Key Highlights
- Versatile flex building with office/warehouse space suitable for industrial or retail uses
- Multiple use options including office/warehouse, industrial, or retail
- Located in the Columbia, West Columbia, Cayce commercial area with access to three interstates and US Hwy. 378
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
$45,286
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
3.62%
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%
$905,720
$905.7K
Cap Rate 7%
$646,943
$646.9K
Cap Rate 9%
$503,178
$503.2K
Market Conditions
NOI Build-Up for 6,030 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
$57.2K $9.48/SF
− Vacancy
−$3.9K −$0.64/SF
EGI
$53.3K $8.84/SF
− OpEx
−$8.0K −$1.33/SF
NOI
$45.3K $7.51/SF
Area
Lexington County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$905,720
Cap Rate 7%
$646,943
Cap Rate 9%
$503,178
Alternative Uses
Best Use
Warehouse
$646.9K
$566.1K – $754.8K
NOI $45,286 @ 7.0% cap · market cap 3.62%
Second Best
Industrial
$532.8K
$466.2K – $621.6K
NOI $37,294 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,364 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29169, SC
22,768
Population
11,087
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
1,963
Density / Sq Mi
$53,673
Median Household Income
$38,268
Median Earnings
$1,081
Median Rent
$189,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Agape Catering and Culinary — 1053 Center St, West Columbia, SC 29169
Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex building with office/warehouse space and potential for industrial or retail uses.
Where is this flex space located?
The property is located at 1076 Sunset Blvd West Columbia, SC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Versatile flex building with office/warehouse space suitable for industrial or retail uses; Multiple use options including office/warehouse, industrial, or retail; Located in the Columbia, West Columbia, Cayce commercial area with access to three interstates and US Hwy. 378
