Columbia Flex Building For
For Sale
Contact for pricing
1240 Veterans Rd, Columbia, SC
43,600 SF flex building in Columbia, South Carolina.
Property Size43,600 SF
Lot Size7.68 Acres
Price / SF$140.48
Days on Market559
Property Features for 1240 Veterans Rd
General Information
Standard status
Active
Size
43,600 SF
Lot size
7.68 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Wilson Kibler | Columbia
(803) 779-8600
Listed By:
George T. McCutchen III · License #46745
(803) 255-8603
Source:
Moodyscre
Added: Apr 10, 2025
Changed: Oct 7
Last Checked: Oct 19 at 8:20AM
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 Wilson Kibler | Columbia
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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.
The property at 1240 Veterans Road in Columbia, South Carolina, presents an opportunity to acquire a 100% leased, approximately 43,600-square-foot flex building. The property is located in the southeast submarket of the Columbia industrial market and features a NNN lease with strong cash flows. The Columbia industrial market encompasses 63.1 million square feet with a low vacancy rate of 3.9%. Specifically, the southeast Columbia submarket accounts for 14.8 million square feet and has a 4.3% vacancy rate. The tenant, REI Automation, is a subsidiary of the Hahn Group.
Key Highlights
- 100% leased, ±43,600‑square‑foot flex building
- NNN lease with strong cash flows
- Located in the rapidly expanding Columbia market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$540,557
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,811,140
$10.8M
Cap Rate 7%
$7,722,243
$7.7M
Cap Rate 9%
$6,006,189
$6.0M
Market Conditions
NOI Build-Up for 43,600 SF
Gross rent
$889.4K $20.40/SF
− Vacancy
−$57.8K −$1.33/SF
EGI
$831.6K $19.07/SF
− OpEx
−$291.1K −$6.68/SF
NOI
$540.6K $12.40/SF
Area
Columbia, SC
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,811,140
Cap Rate 7%
$7,722,243
Cap Rate 9%
$6,006,189
Alternative Uses
Best Use
Flex RnD
$7.72M
$6.76M – $9.01M
NOI $540,557 @ 7.0% cap · market cap 8.83%
Second Best
Industrial
$7.60M
$6.65M – $8.87M
NOI $532,330 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$10.74M
$9.39M – $12.53M
NOI $751,524 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Columbia, SC
Similar Off Market Nearby
- Atlas Food Systems & Services (Columbia, SC Office) — 110 Leventis Dr, Columbia, SC 29209
- Apple Spice Box Lunch Delivery & Catering Columbia, SC — 1240 1st St S suite d, Columbia, SC 29209
- Southern Way Catering — 100 E Exchange Pl, Columbia, SC 29209
Frequently Asked Questions
What type of property is this?
Flex space - 43,600 SF flex building in Columbia, South Carolina.
Where is this flex space located?
The property is located at 1240 Veterans Rd Columbia, SC.
What is the asking price?
The asking price for this property is $6,125,000.
What are key features of this property?
This property features: 100% leased, ±43,600‑square‑foot flex building; NNN lease with strong cash flows; Located in the rapidly expanding Columbia market
