Medical Office with Imaging
For Sale
Contact for pricing
74 Polo Rd, Columbia, SC 29223
Specialized clinical layout includes diagnostic rooms, laboratory space, offices, and on-site parking.
Property Size9,975 SF
Price / SF$225.56
Days on Market1676
Property Features for 74 Polo Rd
General Information
Standard status
Active
Size
9,975 SF
Total Parking Spaces
55
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Wilson Kibler | Columbia
(803) 779-8600
Listed By:
Will Unthank · License #116741
(803) 255-8653
Source:
Moodyscre
Added: Mar 14, 2022
Changed: Oct 13
Last Checked: Oct 12 at 6:21PM
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
Investment Insights
Based on property information with market context.
This ±9,975 SF medical office property offers a purpose-built clinical configuration with dedicated X-ray and CT scan rooms, a substantial laboratory area, and multiple office spaces. The layout is suited to medical users requiring diagnostic and administrative functions within one facility, with 55 parking spaces supporting daily operations.
The property is positioned just off Two Notch Road in Northeast Columbia, next to Lexington Family Northeast. Interstate 20 and I-77 are each less than five (5) miles away. The surrounding medical context includes Lexington Medical Center’s latest development, a ±225,000 SF urgent care and imaging facility completed in 2020.
The property is positioned just off Two Notch Road in Northeast Columbia, next to Lexington Family Northeast. Interstate 20 and I-77 are each less than five (5) miles away. The surrounding medical context includes Lexington Medical Center’s latest development, a ±225,000 SF urgent care and imaging facility completed in 2020.
Key Highlights
- ±9,975 SF medical office property
- Dedicated X‑ray and CT scan rooms
- Large laboratory area with ample offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,585
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,671,700
$2.7M
Cap Rate 7%
$1,908,357
$1.9M
Cap Rate 9%
$1,484,278
$1.5M
Market Conditions
NOI Build-Up for 9,975 SF
Gross rent
$239.4K $24.00/SF
− Vacancy
−$16.8K −$1.68/SF
EGI
$222.6K $22.32/SF
− OpEx
−$89.1K −$8.93/SF
NOI
$133.6K $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 Rate 5%
$2,671,700
Cap Rate 7%
$1,908,357
Cap Rate 9%
$1,484,278
Alternative Uses
Best Use
Healthcare Medical
$1.91M
$1.67M – $2.23M
NOI $133,585 @ 7.0% cap · market cap 5.94%
Second Best
Office B
$1.69M
$1.48M – $1.98M
NOI $118,503 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,937 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Well-served
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
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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 - Specialized clinical layout includes diagnostic rooms, laboratory space, offices, and on-site parking.
Where is this medical office space located?
The property is located at 74 Polo Rd Columbia, SC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: ±9,975 SF medical office property; Dedicated X‑ray and CT scan rooms; Large laboratory area with ample offices
