West Columbia Medical Office
For Sale
Contact for pricing
Pending
110 Medical Cir, West Columbia, SC 29169
Medical office building for sale in West Columbia, SC.
Property Size10,840 SF
Days on Market182
Property Features for 110 Medical Cir
General Information
Standard status
Pending
Size
10,840 SF
Total Parking Spaces
38
Property subtype
Office, Retail
Occupancy
71%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1980
Year Renovated
2012
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Furman Capital Advisors
(864) 678-5995
Listed By:
Robert Schmidt, CCIM · License #SC 81850
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Jul 24 at 9:22AM
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
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 = 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
$145,348
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
3.63%
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%
$2,906,960
$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
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
$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 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%
$2,906,960
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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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
