Single-Story Office
For Sale
$1,650,000
13 Harbison Way, Columbia, SC 29212
Brick office property with private offices, conference space, built-in storage, and established commercial-area access.
Property Size9,918 SF
Price / SF$166.36
Days on Market176
Property Features for 13 Harbison Way
General Information
Standard status
Active
Size
9,918 SF
Property subtype
General Commercial
Amenities
Central Air
3
Metal, Built Up
30 Parking Spaces.
Building Details
Year Built
1990
Stories
1
Listing Agency:
W Realty
(803) 732-9119
Listed By:
Jennifer Waszazak
Source:
Xome
Added: Mar 8
Changed: Aug 30
Last Checked: Aug 31 at 1:11PM
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 W Realty
Investment Insights
Based on property information with market context.
This single-story brick office building at 13 Harbison Way contains approximately 9,918 square feet on a 0.87-acre parcel. The interior includes approximately 25–27 private offices, a reception and lobby area, a large conference room with built-in cabinets, work and mail rooms, a library with built-in bookcases, and a kitchen with cabinetry, counters, and a sink. Built-in storage and work surfaces are also found in multiple rooms.
The property is positioned in the Harbison/Irmo commercial corridor in Columbia, with access to I-26, I-20, Harbison Boulevard, Lake Murray Boulevard, Broad River Road, Piney Grove Road, and St. Andrews Road. Building systems and site improvements include multiple rooftop HVAC units, exterior security cameras, and an irrigation system. The property was built in 1990 and includes separate men’s and women’s restrooms, each with 3 stalls and dual-sink vanities.
The property is positioned in the Harbison/Irmo commercial corridor in Columbia, with access to I-26, I-20, Harbison Boulevard, Lake Murray Boulevard, Broad River Road, Piney Grove Road, and St. Andrews Road. Building systems and site improvements include multiple rooftop HVAC units, exterior security cameras, and an irrigation system. The property was built in 1990 and includes separate men’s and women’s restrooms, each with 3 stalls and dual-sink vanities.
Key Highlights
- Approximately 9,918 square feet on a 0.87‑acre parcel
- Approximately 25–27 private offices plus reception, conference, library, work, and mail areas
- Large conference room with built‑in cabinets and library with built‑in bookcases
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
$117,826
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
7.14%
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%
$2,356,520
$2.4M
Cap Rate 7%
$1,683,229
$1.7M
Cap Rate 9%
$1,309,178
$1.3M
Market Conditions
NOI Build-Up for 9,918 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
$190.4K $19.20/SF
− Vacancy
−$33.3K −$3.36/SF
EGI
$157.1K $15.84/SF
− OpEx
−$39.3K −$3.96/SF
NOI
$117.8K $11.88/SF
Area
Columbia, SC
Vacancy
17.50%
Lease Rate
$19.20 /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%
$2,356,520
Cap Rate 7%
$1,683,229
Cap Rate 9%
$1,309,178
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,826 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $170,955 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 29212, SC
29,739
Population
13,374
Households
2.2
Avg Household Size
43
Median Age
46%
College-Educated
94%
High-School Grad
21.4 sq mi
ZIP Area
1,390
Density / Sq Mi
$74,652
Median Household Income
$45,221
Median Earnings
$1,359
Median Rent
$222,200
Median Home Value
Market
Vacancy Rate% for Office in Columbia, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Brick office property with private offices, conference space, built-in storage, and established commercial-area access.
Where is this office building located?
The property is located at 13 Harbison Way Columbia, SC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 9,918 square feet on a 0.87‑acre parcel; Approximately 25–27 private offices plus reception, conference, library, work, and mail areas; Large conference room with built‑in cabinets and library with built‑in bookcases
