Subdividable Executive Office
For Sale
Contact for pricing
111 Westpark Blvd, Columbia, SC 29210
Executive office includes meeting room, conference room, and media room, with subdivision potential into two suites.
Property Size5,577 SF
Price / SF$190.07
Days on Market121
Property Features for 111 Westpark Blvd
General Information
Standard status
Active
Size
5,577 SF
Total Parking Spaces
21
Property subtype
OFFICE
Amenities
private meeting room
conference room
green screen / media room
Listing Agency:
ROI Commercial
(803) 743-6529
Listed By:
Jonah Burriss · License #70163
(803) 743-6529
Source:
Moodyscre
Added: Apr 24
Changed: Aug 17
Last Checked: Aug 21 at 4:14AM
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 ROI Commercial
Investment Insights
Based on property information with market context.
This executive office space offers a functional internal layout with a private meeting room and bathroom, plus seven additional private offices. It also features a spacious conference room and a dedicated green screen or media room. The floor plan is set up to allow the office to be subdivided into two separate suites, supporting flexible occupancy configurations.
The property includes 21 on-site parking spaces and additional land for overflow parking.
With the combination of private offices, shared meeting space, and the ability to split into two suites, the space is well-suited for organizations looking for a mix of dedicated rooms and conference capability within one property footprint.
The property includes 21 on-site parking spaces and additional land for overflow parking.
With the combination of private offices, shared meeting space, and the ability to split into two suites, the space is well-suited for organizations looking for a mix of dedicated rooms and conference capability within one property footprint.
Key Highlights
- 5,577 SF executive office with private meeting room and bathroom plus a spacious conference room
- Includes 7 additional private offices and a dedicated green screen/media room
- Layout allows the office to be subdivided into two separate suites
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
$66,255
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
6.25%
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%
$1,325,100
$1.3M
Cap Rate 7%
$946,500
$946.5K
Cap Rate 9%
$736,167
$736.2K
Market Conditions
NOI Build-Up for 5,577 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
$107.1K $19.20/SF
− Vacancy
−$18.7K −$3.36/SF
EGI
$88.3K $15.84/SF
− OpEx
−$22.1K −$3.96/SF
NOI
$66.3K $11.88/SF
Area
Columbia, SC
Vacancy
17.50%
Lease Rate
$19.20 /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%
$1,325,100
Cap Rate 7%
$946,500
Cap Rate 9%
$736,167
Alternative Uses
Best Use
Office B
$946.5K
$828.2K – $1.10M
NOI $66,255 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,130 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 29210, SC
39,299
Population
19,592
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
16.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$50,258
Median Household Income
$32,240
Median Earnings
$1,076
Median Rent
$183,000
Median Home Value
Market
Vacancy Rate% for Office in Columbia, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Executive office includes meeting room, conference room, and media room, with subdivision potential into two suites.
Where is this office building located?
The property is located at 111 Westpark Blvd Columbia, SC.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: 5,577 SF executive office with private meeting room and bathroom plus a spacious conference room; Includes 7 additional private offices and a dedicated green screen/media room; Layout allows the office to be subdivided into two separate suites
