Multi-Suite Office
For Sale
$2,050,000
7358 Garners Ferry Rd, Columbia, SC 29209
The building contains more than 40 suites and is currently fully occupied.
Property Size15,593 SF
Price / SF$131.47
Days on Market717
Property Features for 7358 Garners Ferry Rd
General Information
Standard status
Active
Size
15,593 SF
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
customer/guest parking
clean restrooms
Building Details
Buildings
1
Tenancy
Multi
Abandoned
No
Listing Agency:
Keller Williams Realty
Listed By:
Glen Levine · License #101732
(803) 772-5858
Source:
Exprealty
Added: Oct 21, 2024
Changed: Oct 6
Last Checked: Oct 5 at 10:10PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This office building contains over 40 suites and is fully occupied, with several long-term tenants. Clean restrooms serve the building, and customer and guest parking is available in front on a shared lot with ingress and egress access.
The property is on Garners Ferry Road, also identified as US 76/376, with access to I-20 and I-77. Fort Jackson and downtown Columbia are also listed as accessible destinations.
The property is on Garners Ferry Road, also identified as US 76/376, with access to I-20 and I-77. Fort Jackson and downtown Columbia are also listed as accessible destinations.
Key Highlights
- Over 40 suites
- Currently fully occupied, with several long‑term tenants
- Customer and guest parking in front of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,245
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,704,900
$3.7M
Cap Rate 7%
$2,646,357
$2.6M
Cap Rate 9%
$2,058,278
$2.1M
Market Conditions
NOI Build-Up for 15,593 SF
Gross rent
$299.4K $19.20/SF
− Vacancy
−$52.4K −$3.36/SF
EGI
$247.0K $15.84/SF
− OpEx
−$61.7K −$3.96/SF
NOI
$185.2K $11.88/SF
Area
Columbia, SC
Vacancy
17.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,704,900
Cap Rate 7%
$2,646,357
Cap Rate 9%
$2,058,278
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,245 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.84M
$3.36M – $4.48M
NOI $268,773 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 29209, SC
35,738
Population
16,520
Households
2.2
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
52.8 sq mi
ZIP Area
677
Density / Sq Mi
$58,854
Median Household Income
$38,756
Median Earnings
$1,252
Median Rent
$183,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Columbia, SC
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Frequently Asked Questions
What type of property is this?
Office building - The building contains more than 40 suites and is currently fully occupied.
Where is this office building located?
The property is located at 7358 Garners Ferry Rd Columbia, SC.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Over 40 suites; Currently fully occupied, with several long‑term tenants; Customer and guest parking in front of the building
