Turnkey Dental Office For
For Sale
Contact for pricing
741 Greenlawn Dr, Columbia, SC 29209
Dental office for sale in Southeast Columbia near Garners Ferry.
Property Size4,325 SF
Price / SF$461.27
Days on Market1058
Property Features for 741 Greenlawn Dr
General Information
Standard status
Active
Size
4,325 SF
Property subtype
Office
Listing Agency:
Trinity Partners
Listed By:
Rob Lapin · License #SC 17077
Source:
Crexi
Added: Sep 14, 2023
Changed: Jul 6
Last Checked: Aug 5 at 2:33PM
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
Investment Insights
Based on property information with market context.
This is a turnkey dental office for sale, situated in Southeast Columbia, near Garners Ferry Road. The property offers 4,325 square feet of space.
Key Highlights
- Turnkey dental office ready for immediate occupancy.
- Located in Southeast Columbia, offering convenience.
- Near Garners Ferry Road, providing easy access.
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
$57,920
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
2.90%
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%
$1,158,400
$1.2M
Cap Rate 7%
$827,429
$827.4K
Cap Rate 9%
$643,556
$643.6K
Market Conditions
NOI Build-Up for 4,325 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
$103.8K $24.00/SF
− Vacancy
−$7.3K −$1.68/SF
EGI
$96.5K $22.32/SF
− OpEx
−$38.6K −$8.93/SF
NOI
$57.9K $13.39/SF
Area
Columbia, SC
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,158,400
Cap Rate 7%
$827,429
Cap Rate 9%
$643,556
Alternative Uses
Best Use
Healthcare Medical
$827.4K
$724.0K – $965.3K
NOI $57,920 @ 7.0% cap · market cap 2.90%
Second Best
Office B
$734.0K
$642.3K – $856.4K
NOI $51,381 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.06M
$931.9K – $1.24M
NOI $74,549 @ 7.0% cap · market cap 3.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29209, SC
35,738
Population
16,520
Households
2.2
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
52.8 sq mi
ZIP Area
677
Density / Sq Mi
$58,854
Median Household Income
$38,756
Median Earnings
$1,252
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Office in Columbia, SC
Questions? Ask Rey
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Similar Off Market Nearby
- vets hospital — 250 Veterans Rd #202, Columbia, SC 29209
- Garners Ferry Animal Hospital — 7354 1/2 Garners Ferry Rd, Columbia, SC 29209
Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental office for sale in Southeast Columbia near Garners Ferry.
Where is this medical office space located?
The property is located at 741 Greenlawn Dr Columbia, SC.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Turnkey dental office ready for immediate occupancy.; Located in Southeast Columbia, offering convenience.; Near Garners Ferry Road, providing easy access.
