Flex Building with Warehouse
For Sale
Contact for pricing
413 Western Ln, Irmo, SC 29063
Flex building with a warehouse with yard, fully furnished office space, and development land.
Property Size18,000 SF
Lot Size14.30 Acres
Price / SF$144.44
Days on Market800
Property Features for 413 Western Ln
General Information
Standard status
Active
Size
18,000 SF
Lot size
14.30 Acres
Property subtype
LAND
Additional Details
Furnished
Yes
Outdoor Storage
Yes
Listing Agency:
Wilson Kibler | Columbia
(803) 779-8600
Listed By:
Lee Bussell, Jr.
(803) 255-8641
Source:
Moodyscre
Added: Aug 21, 2024
Changed: Oct 26
Last Checked: Oct 28 at 8:01AM
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 Wilson Kibler | Columbia
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale flex property includes a large flex building with a dedicated 5,000 SF warehouse area that comes with a yard, along with fully furnished office space. The offering totals approximately 13,000 SF and also includes 14.3 acres of land suitable for development.
The property is located at 413 Western Ln in Irmo, South Carolina. The seller is willing to subdivide the land, providing flexibility for development or reconfiguration of the site to support different end uses.
The property is located at 413 Western Ln in Irmo, South Carolina. The seller is willing to subdivide the land, providing flexibility for development or reconfiguration of the site to support different end uses.
Key Highlights
- 13,000 SF flex building
- Includes a 5,000 SF warehouse with yard
- Fully furnished office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,947
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,138,940
$2.1M
Cap Rate 7%
$1,527,814
$1.5M
Cap Rate 9%
$1,188,300
$1.2M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$135.0K $7.50/SF
− Vacancy
−$9.2K −$0.51/SF
EGI
$125.8K $6.99/SF
− OpEx
−$18.9K −$1.05/SF
NOI
$106.9K $5.94/SF
Area
Richland County, SC
Vacancy
6.80%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,138,940
Cap Rate 7%
$1,527,814
Cap Rate 9%
$1,188,300
Alternative Uses
Best Use
Warehouse
$1.53M
$1.34M – $1.78M
NOI $106,947 @ 7.0% cap · market cap 4.11%
Second Best
Industrial
$1.26M
$1.10M – $1.47M
NOI $88,074 @ 7.0% cap · market cap 3.39%
Theoretical Best
Specialty Retail
$4.06M
$3.55M – $4.74M
NOI $284,305 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 29063, SC
36,341
Population
14,658
Households
2.5
Avg Household Size
40
Median Age
46%
College-Educated
96%
High-School Grad
40.1 sq mi
ZIP Area
906
Density / Sq Mi
$92,147
Median Household Income
$48,853
Median Earnings
$1,599
Median Rent
$239,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Anna Cline Catering — 7971 N Woodrow St, Irmo, SC 29063
- Fuji Express — 10259 Broad River Rd, Irmo, SC 29063
Frequently Asked Questions
What type of property is this?
Flex space - Flex building with a warehouse with yard, fully furnished office space, and development land.
Where is this flex space located?
The property is located at 413 Western Ln Irmo, SC.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 13,000 SF flex building; Includes a 5,000 SF warehouse with yard; Fully furnished office space
