Fully Leased Multifamily
For Sale
$235,000
111 Villa Ct, West Columbia, SC 29170
Multifamily property with full occupancy and access to area highways, shopping, dining, and airport facilities.
Property Size2,350 SF
Price / SF$100
Days on Market115
Property Features for 111 Villa Ct
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Listing Agency:
American Dream Realty
(803) 318-6759
Listed By:
Pam Clamp · License #43257
Source:
Exprealty
Added: May 2
Changed: Aug 23
Last Checked: Aug 23 at 2:58AM
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 American Dream Realty
Investment Insights
Based on property information with market context.
This 2,350-square-foot multifamily property is fully leased and offered in its existing as-is condition. The asset is classified as a multifamily property and provides an income-producing configuration without introducing unsupported unit details.
Located in West Columbia, South Carolina, the property offers convenience to major highways, the airport, shopping, and restaurants. It is also situated within the Lexington District 1 school area.
Located in West Columbia, South Carolina, the property offers convenience to major highways, the airport, shopping, and restaurants. It is also situated within the Lexington District 1 school area.
Key Highlights
- 2,350‑square‑foot multifamily property
- Fully leased occupancy
- Property offered in as‑is condition
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
$15,986
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
6.80%
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%
$319,720
$319.7K
Cap Rate 7%
$228,371
$228.4K
Cap Rate 9%
$177,622
$177.6K
Market Conditions
NOI Build-Up for 2,350 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
$31.0K $13.20/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$29.1K $12.37/SF
− OpEx
−$13.1K −$5.57/SF
NOI
$16.0K $6.80/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
45.00%
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%
$319,720
Cap Rate 7%
$228,371
Cap Rate 9%
$177,622
Alternative Uses
Best Use
Apartment 5plus
$228.4K
$199.8K – $266.4K
NOI $15,986 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$631.1K
$552.3K – $736.3K
NOI $44,180 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 29170, SC
22,422
Population
9,547
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
92%
High-School Grad
24.5 sq mi
ZIP Area
915
Density / Sq Mi
$73,470
Median Household Income
$43,125
Median Earnings
$1,026
Median Rent
$191,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with full occupancy and access to area highways, shopping, dining, and airport facilities.
Where is this multifamily property located?
The property is located at 111 Villa Ct West Columbia, SC.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 2,350‑square‑foot multifamily property; Fully leased occupancy; Property offered in as‑is condition
