Building Details

Building Size 4,200 SF

Listing Agency: NAI Columbia

Listed By: Bobby Balboni · License #113453 Show Phone

Source: Commercialcafe

Added: Jun 1 Changed: Oct 4 Last Checked: Oct 4 at 7:06AM

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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 NAI Columbia

Investment Insights

Based on property information with market context.

This flex property offers ± 4,200 SF overall, including ± 1,716 of office space and ± 2,484 SF of storage. The building includes a surface-level roll-up door, a well loading dock, and 15 parking spaces, supporting a combination of administrative and operational functions. General Commercial zoning applies.

Located at 3038 McNaughton Drive in Columbia, the property sits off Trenholm Road Extension with access to I-20 and I-77. The asset is offered for sale or lease.

Key Highlights

• ± 4,200 of flex space with office and storage components
• ± 2,484 SF of storage area
• ± 1,716 of office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,268

Cap Rate

8.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,245,360 $1.2M

Cap Rate 7%

$889,543 $889.5K

Cap Rate 9%

$691,867 $691.9K

Market Conditions

NOI Build-Up for 4,200 SF

Gross rent

$77.1K $18.36/SF

− Vacancy

−$3.9K −$0.92/SF

EGI

$73.3K $17.44/SF

− OpEx

−$11.0K −$2.62/SF

NOI

$62.3K $14.83/SF

Area

Columbia, SC

Vacancy

5.00%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,245,360

Cap Rate 7%

$889,543

Cap Rate 9%

$691,867

Alternative Uses

Best Use

Warehouse

$889.5K

$778.4K – $1.04M (±1% cap)

NOI $62,268 @ 7.0% cap · market cap 8.90%

Second Best

Flex RnD

$743.9K

$650.9K – $867.9K (±1% cap)

NOI $52,072 @ 7.0% cap · market cap 7.44%

Theoretical Best

Office A

$1.03M

$904.9K – $1.21M (±1% cap)

NOI $72,395 @ 7.0% cap · market cap 10.34%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Ecoview Windows & Doors ... Hardware & Home Improvement ManagedPrint Computer & Electronic Repair

Suggested Use

Top Pick Law Firm Building Supply HVAC Service Parking Lot & Garage Pharmacy Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Dock-high doors

1

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

560

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 29223, SC

52,477

Population

24,142

Households

2.2

Avg Household Size

39

Median Age

36%

College-Educated

90%

High-School Grad

25.3 sq mi

ZIP Area

2,074

Density / Sq Mi

$56,300

Median Household Income

$37,435

Median Earnings

$1,217

Median Rent

$183,800

Median Home Value

Market

Vacancy Rate% for Office in Columbia, SC

18.6% 2020

11.6% 2021

9.7% 2022

7.4% 2023

7.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - General Commercial-zoned flex property combining office, storage, parking, and loading functionality.

Where is this flex space located?

The property is located at 3038 McNaughton Dr Columbia, SC.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: ± 4,200 of flex space with office and storage components; ± 2,484 SF of storage area; ± 1,716 of office space