Flex Space with Warehouse Loading
For Sale
$695,000
1225 B Ave, West Columbia, SC 29169
C-1 zoned flex space with showroom and office areas plus a warehouse with 12' x 12' overhead doors on a corner lot.
Property Size3,678 SF
Lot Size0.21 Acres
Price / SF$286.24
Days on Market79
Property Features for 1225 B Ave
General Information
Standard status
Active
Size
3,678 SF
Lot size
0.21 Acres
Zoning
C-1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Warehouse Space
1,250 SF
Building Details
Building Size
3,678 SF
Listing Agency:
Keller Williams Realty
Listed By:
Wendell Arsi · License #113124
(803) 772-5858
Source:
Exprealty
Added: Jun 29
Changed: Sep 5
Last Checked: Sep 14 at 9:38AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Flex space on a highly visible corner lot at B Avenue and 13th Street in West Columbia, SC, zoned C-1 and designed for showroom, office, and flex use. The property includes approximately 2,428 square feet of showroom, office, and flex workspace, plus an additional 1,250-square-foot warehouse. The warehouse features a loading dock and 12' x 12' overhead doors.
The site sits on a 0.21-acre corner lot with approximately 5,000 vehicles per day, supporting strong day-to-day visibility for commercial traffic. The property is located about one mile from The Vista and two miles from the South Carolina State House, with convenient access to I-26, I-20, and I-77.
With this mix of showroom/office/flex space and a dedicated warehouse, the layout can serve a range of owner-user, contractor, service, retail, showroom, and investment needs.
The site sits on a 0.21-acre corner lot with approximately 5,000 vehicles per day, supporting strong day-to-day visibility for commercial traffic. The property is located about one mile from The Vista and two miles from the South Carolina State House, with convenient access to I-26, I-20, and I-77.
With this mix of showroom/office/flex space and a dedicated warehouse, the layout can serve a range of owner-user, contractor, service, retail, showroom, and investment needs.
Key Highlights
- 0.21‑acre corner lot at B Avenue and 13th Street
- Approximately 2,428 SF showroom, office, and flex workspace
- 1,250 SF warehouse with loading dock
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
$32,556
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
4.68%
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%
$651,120
$651.1K
Cap Rate 7%
$465,086
$465.1K
Cap Rate 9%
$361,733
$361.7K
Market Conditions
NOI Build-Up for 2,428 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
$46.3K $19.08/SF
− Vacancy
−$2.9K −$1.20/SF
EGI
$43.4K $17.88/SF
− OpEx
−$10.9K −$4.47/SF
NOI
$32.6K $13.41/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$19.08 /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%
$651,120
Cap Rate 7%
$465,086
Cap Rate 9%
$361,733
Alternative Uses
Best Use
Office B
$465.1K
$407.0K – $542.6K
NOI $32,556 @ 7.0% cap · market cap 4.68%
Second Best
Warehouse
$260.5K
$227.9K – $303.9K
NOI $18,234 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$652.1K
$570.6K – $760.8K
NOI $45,646 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29169, SC
22,768
Population
11,087
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
1,963
Density / Sq Mi
$53,673
Median Household Income
$38,268
Median Earnings
$1,081
Median Rent
$189,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - C-1 zoned flex space with showroom and office areas plus a warehouse with 12' x 12' overhead doors on a corner lot.
Where is this flex space located?
The property is located at 1225 B Ave West Columbia, SC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 0.21‑acre corner lot at B Avenue and 13th Street; Approximately 2,428 SF showroom, office, and flex workspace; 1,250 SF warehouse with loading dock
