West Columbia Medical Office
110 Medical Cir, West Columbia, SC 29169
For Sale
$4,000,000
Medical office building for sale in West Columbia, SC.
Property Size10,840 SF
Price / SF$369
Days on Market229
Property Features for 110 Medical Cir
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Furman Capital Advisors
Listed By:
Robert Schmidt · License SC #81850
(864) 678-5995
Source:
Commercialcafe
Added: Mar 27
Changed: Oct 26
Last Checked: Nov 8 at 2:42AM
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 Furman Capital Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A commercial real estate opportunity is available in West Columbia, South Carolina, featuring a fee simple interest in a property currently occupied by MEDcare Urgent Care. The property is suitable for medical centers, healthcare properties, medical office space, office properties and spaces, retail space, retail properties and spaces, and general commercial real estate use. The building has a size of 10840 square feet.
Key Highlights
- Fee simple interest
- MEDcare Urgent Care tenant
- Located in West Columbia, SC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,348
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,906,960
$2.9M
Cap Rate 7%
$2,076,400
$2.1M
Cap Rate 9%
$1,614,978
$1.6M
Market Conditions
NOI Build-Up for 10,840 SF
Gross rent
$206.8K $19.08/SF
− Vacancy
−$13.0K −$1.20/SF
EGI
$193.8K $17.88/SF
− OpEx
−$48.4K −$4.47/SF
NOI
$145.3K $13.41/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,906,960
Cap Rate 7%
$2,076,400
Cap Rate 9%
$1,614,978
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.42M
NOI $145,348 @ 7.0% cap · market cap 3.63%
Second Best
Healthcare Medical
$1.66M
$1.45M – $1.94M
NOI $116,278 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,792 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - Medical office building for sale in West Columbia, SC.
Where is this medical center located?
The property is located at 110 Medical Cir West Columbia, SC.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Fee simple interest; MEDcare Urgent Care tenant; Located in West Columbia, SC
