Office Building in Publix Parking
For Sale
Contact for pricing
7328 Broad River Rd, Irmo, SC 29063
Office/retail building in Publix parking lot on Broad River Rd with over 14,000 traffic count.
Property Size3,792 SF
Price / SF$171.41
Days on Market1309
Property Features for 7328 Broad River Rd
General Information
Standard status
Active
Size
3,792 SF
Property subtype
OFFICE
Additional Details
Asking Price
$650,000
Building Details
Building Size
3,792 SF
Listing Agency:
ERA Wilder Realty Inc. - Columbia
(803) 728-8400
Listed By:
David Brock · License #58004
(803) 312-1908
Source:
Moodyscre
Added: Feb 16, 2023
Changed: Sep 7
Last Checked: Sep 16 at 1:36PM
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 ERA Wilder Realty Inc. - Columbia
Investment Insights
Based on property information with market context.
This office/retail office building offers 3,792 SF and is reported to be in excellent condition. The space is described as having high-end finishes, supporting a more polished tenant or customer experience.
The property is located in the parking lot of Publix on Broad River Rd, with over 14,000 traffic count and extremely high visibility. That combination can be valuable for office users and service-focused concepts that benefit from strong pass-by exposure.
Ideal for an occupier looking for a high-visibility storefront-style office configuration, or for a tenant seeking a professional space with branded retail-adjacent presence.
The property is located in the parking lot of Publix on Broad River Rd, with over 14,000 traffic count and extremely high visibility. That combination can be valuable for office users and service-focused concepts that benefit from strong pass-by exposure.
Ideal for an occupier looking for a high-visibility storefront-style office configuration, or for a tenant seeking a professional space with branded retail-adjacent presence.
Key Highlights
- 3,792 SF office/retail building
- Located in the parking lot of Publix on Broad River Rd
- Over 14,000 traffic count
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
$45,691
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
7.03%
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%
$913,820
$913.8K
Cap Rate 7%
$652,729
$652.7K
Cap Rate 9%
$507,678
$507.7K
Market Conditions
NOI Build-Up for 3,792 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
$66.4K $17.52/SF
− Vacancy
−$5.5K −$1.45/SF
EGI
$60.9K $16.07/SF
− OpEx
−$15.2K −$4.02/SF
NOI
$45.7K $12.05/SF
Area
Richland County, SC
Vacancy
8.30%
Lease Rate
$17.52 /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%
$913,820
Cap Rate 7%
$652,729
Cap Rate 9%
$507,678
Alternative Uses
Best Use
Office B
$652.7K
$571.1K – $761.5K
NOI $45,691 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$855.6K
$748.7K – $998.2K
NOI $59,894 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
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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 Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office/retail building in Publix parking lot on Broad River Rd with over 14,000 traffic count.
Where is this office building located?
The property is located at 7328 Broad River Rd Irmo, SC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,792 SF office/retail building; Located in the parking lot of Publix on Broad River Rd; Over 14,000 traffic count
