Flex Space With Retail and
For Sale
$1,100,000
1130 Broad River Rd, Columbia, SC 29210
Versatile commercial configuration combines customer-facing areas with dedicated warehouse capacity for varied business operations.
Property Size9,030 SF
Price / SF$379.31
Days on Market50
Property Features for 1130 Broad River Rd
General Information
Standard status
Active
Size
9,030 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Warehouse Space
6,130 SF
Building Details
Building Size
9,030 SF
Year Built
1981
Listing Agency:
Reedy Commercial
Listed By:
Bryan Kingrey
(803) 466-9621
Source:
Reedycommercial
Added: Aug 8
Changed: Sep 23
Last Checked: Sep 24 at 8:44AM
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 Reedy Commercial
Investment Insights
Based on property information with market context.
This flex property brings together retail, office, and warehouse components within a single commercial facility. The retail and office portion encompasses approximately 2,900 square feet, while the warehouse area provides approximately 6,130 square feet, for a combined property size of 9,030 square feet.
Situated at 1130 Broad River Rd in Columbia, South Carolina, the property occupies a hard corner with access and visibility. Its combination of customer-facing space and substantial warehouse capacity supports a range of commercial configurations, including showroom, service, distribution, and owner-user operations.
Situated at 1130 Broad River Rd in Columbia, South Carolina, the property occupies a hard corner with access and visibility. Its combination of customer-facing space and substantial warehouse capacity supports a range of commercial configurations, including showroom, service, distribution, and owner-user operations.
Key Highlights
- 9,030‑square‑foot flex property
- Approximately 2,900 SF of retail and office space
- Approximately 6,130 SF of warehouse space
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
$42,995
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
3.91%
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%
$859,900
$859.9K
Cap Rate 7%
$614,214
$614.2K
Cap Rate 9%
$477,722
$477.7K
Market Conditions
NOI Build-Up for 2,900 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
$53.2K $18.36/SF
− Vacancy
−$2.7K −$0.92/SF
EGI
$50.6K $17.44/SF
− OpEx
−$7.6K −$2.62/SF
NOI
$43.0K $14.83/SF
Area
Columbia, SC
Vacancy
5.00%
Lease Rate
$18.36 /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%
$859,900
Cap Rate 7%
$614,214
Cap Rate 9%
$477,722
Alternative Uses
Best Use
Warehouse
$614.2K
$537.4K – $716.6K
NOI $42,995 @ 7.0% cap · market cap 3.91%
Second Best
Retail
$588.8K
$515.2K – $687.0K
NOI $41,217 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$714.1K
$624.8K – $833.1K
NOI $49,987 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbia, SC
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- Genesis Catering, LLC — 119 Diamond Ln, Columbia, SC 29210
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial configuration combines customer-facing areas with dedicated warehouse capacity for varied business operations.
Where is this flex space located?
The property is located at 1130 Broad River Rd Columbia, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 9,030‑square‑foot flex property; Approximately 2,900 SF of retail and office space; Approximately 6,130 SF of warehouse space
