Single-Story Brick Office
For Sale
$1,650,000
13 Harbison Way, Columbia, SC 29212
COMMERCIAL/INDUSTRIAL, Columbia, SC
Property Size9,918 SF
Lot Size0.87 Acres
Price / SF$166.36
Days on Market152
Property Features for 13 Harbison Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial Planned Devel
Parking
30
Directions
Harbison Way property is between Fernandina Rd and Woodcross Rd. Take Harbison Blvd to Woodcross Rd to Harbison Way. OR Fernandina Rd (the frontage road between Harbison Blvd and Piney Grove Rd) to Harbison Way.
Subdivision
Irmo/St Andrews/Ballentine
Standard status
Active
Size
9,918 SF
Lot size
0.87 Acres
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Roof type
Built-Up, Metal
Listing Agency:
W Realty
(803) 732-9119
Listed By:
Jennifer Waszazak
Added: Mar 26
Changed: Aug 19
Last Checked: Aug 24 at 3:06PM
MLS# 630005
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Single-story brick office building on a 0.87-acre parcel, totaling approximately 9,918 SF. The interior features a large reception and lobby area plus approximately 25-27 private offices. Additional space includes a big conference or meeting room with built-in cabinets, work or mail rooms, and a library with built-in bookcases. The building also includes a kitchen with sink, cabinets, and counter, and two restrooms (men’s and women’s) with 3 stalls each and dual sink vanity, along with a hallway water fountain. Multiple rooms offer built-in cabinets, counters, and bookcases.
Multiple rooftop HVAC units provide central air cooling, and the property includes security cameras around the building and an irrigation system. The building has ample on-site parking, approximately 30-35 spots, with convenient access to major thoroughfares including I-26, I-20, Harbison Blvd, Lake Murray Blvd, Broad River Rd, Piney Grove Rd, and St. Andrews Rd. Roof types are listed as metal and built-up.
Employees will have access to Harbison amenities, including a community center, indoor pool, fitness facility, tennis or pickleball courts, and miles of scenic walking and biking trails and parks.
Multiple rooftop HVAC units provide central air cooling, and the property includes security cameras around the building and an irrigation system. The building has ample on-site parking, approximately 30-35 spots, with convenient access to major thoroughfares including I-26, I-20, Harbison Blvd, Lake Murray Blvd, Broad River Rd, Piney Grove Rd, and St. Andrews Rd. Roof types are listed as metal and built-up.
Employees will have access to Harbison amenities, including a community center, indoor pool, fitness facility, tennis or pickleball courts, and miles of scenic walking and biking trails and parks.
Key Highlights
- Approximately 9,918 SF single‑story brick office building
- 0.87‑acre parcel with approximately 30‑35 on‑site parking spots
- Large reception/lobby plus approximately 25‑27 private offices
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
745
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 - Single-story brick office building with a large reception area, rooftop HVAC, security cameras, and irrigation on a 0.87-acre parcel.
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 SF single‑story brick office building; 0.87‑acre parcel with approximately 30‑35 on‑site parking spots; Large reception/lobby plus approximately 25‑27 private offices
