Second-Floor Medical Office Suite, Suite
For Sale
Contact for pricing
2113 Adams Grove, Columbia, SC 29203
Second-floor medical office suite with a large central waiting room and 8 exam rooms plus 2 procedure rooms.
Property Size11,131 SF
Price / SF$177.88
Days on Market1308
Property Features for 2113 Adams Grove
General Information
Standard status
Active
Size
11,131 SF
Class
Class A
Property subtype
OFFICE
Additional Details
Floor
2
Asking Price
$1,980,000
Listing Agency:
Trinity Partners | Columbia
(803) 567-5454
Listed By:
Roger Winn, SIOR
(803) 567-1455
Source:
Moodyscre
Added: Feb 17, 2023
Changed: Sep 10
Last Checked: Sep 16 at 2:58PM
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 Trinity Partners | Columbia
Investment Insights
Based on property information with market context.
Second-floor medical office suite for lease (Suite 200) totaling approximately 5,000 SF. The layout includes a large central waiting room, nurses station, check-in/check-out area, 8 exam rooms, 2 procedure rooms, and multiple offices.
The property is across the street from Prisma Health’s Richland Campus. A full second-floor offering is also available for sale, totaling approximately 11,131 SF.
The suite’s exam- and procedure-room configuration is designed to support clinical appointments with dedicated front-of-house intake and staff workflow centered around the nurses station.
The property is across the street from Prisma Health’s Richland Campus. A full second-floor offering is also available for sale, totaling approximately 11,131 SF.
The suite’s exam- and procedure-room configuration is designed to support clinical appointments with dedicated front-of-house intake and staff workflow centered around the nurses station.
Key Highlights
- Suite 200 second‑floor medical office suite totaling approximately 5,000 SF
- Large central waiting room plus nurses station and check‑in/check‑out
- 8 exam rooms and 2 procedure rooms
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
$149,066
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
7.53%
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%
$2,981,320
$3.0M
Cap Rate 7%
$2,129,514
$2.1M
Cap Rate 9%
$1,656,289
$1.7M
Market Conditions
NOI Build-Up for 11,131 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
$267.1K $24.00/SF
− Vacancy
−$18.7K −$1.68/SF
EGI
$248.4K $22.32/SF
− OpEx
−$99.4K −$8.93/SF
NOI
$149.1K $13.39/SF
Area
Columbia, SC
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$2,981,320
Cap Rate 7%
$2,129,514
Cap Rate 9%
$1,656,289
Alternative Uses
Best Use
Healthcare Medical
$2.13M
$1.86M – $2.48M
NOI $149,066 @ 7.0% cap · market cap 7.53%
Second Best
Office B
$1.89M
$1.65M – $2.20M
NOI $132,236 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,863 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,161
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29203, SC
39,449
Population
18,815
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
62.3 sq mi
ZIP Area
633
Density / Sq Mi
$42,371
Median Household Income
$30,228
Median Earnings
$1,041
Median Rent
$121,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbia, SC
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor medical office suite with a large central waiting room and 8 exam rooms plus 2 procedure rooms.
Where is this medical office space located?
The property is located at 2113 Adams Grove Columbia, SC.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Suite 200 second‑floor medical office suite totaling approximately 5,000 SF; Large central waiting room plus nurses station and check‑in/check‑out; 8 exam rooms and 2 procedure rooms
