Conditioned Flex
New
For Sale
$1,000,000
1255 Boston Ave, West Columbia, SC 29170
Combined office, showroom, and warehouse improvements support distribution, service, light manufacturing, and showroom operations.
Property Size9,000 SF
Price / SF$111.11
Days on Market3
Property Features for 1255 Boston Ave
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
7,500 SF
Office Build-Out
1,500 SF
Dock-High Doors
1
Drive-In Doors
1
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
9,000 SF
Listing Agency:
Reedy Commercial
(803) 466-9621
Listed By:
Bryan Kingrey
Source:
Reedycommercial
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 5:02PM
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 at 1255 Boston Ave in West Columbia, SC combines approximately ±9,000 SF of improvements across office, showroom, and warehouse areas. The layout includes approximately ±1,500 SF of office/showroom space and ±7,500 SF of fully conditioned warehouse space, with ±16 ft ceilings, multiple bathrooms, and 3-phase power. The configuration supports distribution, service, light manufacturing, showroom, and other flex-oriented operations.
Loading is provided by one 10'x12' dock door and one 10'x12' drive-in door. The property is located in Columbia, SC, at 1255 Boston Ave, West Columbia, SC 29170.
Loading is provided by one 10'x12' dock door and one 10'x12' drive-in door. The property is located in Columbia, SC, at 1255 Boston Ave, West Columbia, SC 29170.
Key Highlights
- Approximately ±9,000 SF office, showroom, and warehouse facility
- Approximately ±1,500 SF of office/showroom space
- Approximately ±7,500 SF of fully conditioned 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
$90,626
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
9.06%
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%
$1,812,520
$1.8M
Cap Rate 7%
$1,294,657
$1.3M
Cap Rate 9%
$1,006,956
$1.0M
Market Conditions
NOI Build-Up for 9,000 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
$135.0K $15.00/SF
− Vacancy
−$5.5K −$0.61/SF
EGI
$129.5K $14.39/SF
− OpEx
−$38.8K −$4.32/SF
NOI
$90.6K $10.07/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,812,520
Cap Rate 7%
$1,294,657
Cap Rate 9%
$1,006,956
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,676 @ 7.0% cap · market cap 12.07%
Second Best
Retail
$1.29M
$1.13M – $1.51M
NOI $90,626 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,200 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29170, SC
22,422
Population
9,547
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
92%
High-School Grad
24.5 sq mi
ZIP Area
915
Density / Sq Mi
$73,470
Median Household Income
$43,125
Median Earnings
$1,026
Median Rent
$191,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office, showroom, and warehouse improvements support distribution, service, light manufacturing, and showroom operations.
Where is this flex space located?
The property is located at 1255 Boston Ave West Columbia, SC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately ±9,000 SF office, showroom, and warehouse facility; Approximately ±1,500 SF of office/showroom space; Approximately ±7,500 SF of fully conditioned warehouse space
