2901-2903 Millwood Ave, Columbia, SC
Office building featuring multiple offices, conference rooms, and on-site parking.
- Added:
- Aug 23, 2024
- Days on Market:
- 683
- Last Refresh:
- May 20 at 10:03 pm
Property Features for 2901-2903 Millwood Ave
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 0.16 Acres
- Property subtype
- OFFICE
Properties For Sale
at 2901-2903 Millwood Ave Contact usListing office Trinity Partners | Columbia (803) 567-1455
Listing date Aug 23, 2024
Source Moodyscre
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 Trinity Partners | Columbia
HighLights
- ±4,200 SF Office Space available.
- Benefit from On‑Site Parking with 7 spaces.
- Features 7 Offices.
- Includes 2 Conference Rooms.
- Situated on ±0.16 AC.
- High visibility with a Traffic Count of ~21,400 VPD.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.6k | $19.20 |
| − Vacancy | −$14.1k | −$3.36 |
| EGI | $66.5k | $15.84 |
| − OpEx | −$16.6k | −$3.96 |
| NOI | $49.9k | $11.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Lexington
- State
- South Carolina
- Longitude
- -80.9998
- Latitude
- 34.003
