Class A Medical Office
New
For Sale
$2,700,000
140 Wildewood Park Dr, Columbia, SC 29223
Flexible lease terms and on-site parking support professional office and medical occupancy.
Property Size17,838 SF
Price / SF$151.36
Days on Market2
Property Features for 140 Wildewood Park Dr
General Information
Standard status
Active
Size
17,838 SF
Class
A
Property subtype
Office
Building Details
Building Size
17,838 SF
Year Built
2006
Parking Ratio
3.81 per 1,000 SF
Listing Agency:
Trinity Partners | Columbia
Listed By:
William Mills · License #SC 78785
(803) 319-0550
Source:
Trinity-partners
Added: Oct 19
Last Checked: Oct 19 at 2:07PM
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
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Investment Insights
Based on property information with market context.
Completed in 2006, this Class A office and medical property contains approximately 17,838 square feet. The building is available for sale or lease, with flexible lease terms and on-site parking at a ratio of 3.81 spaces per 1,000 RSF.
The property is in northeast Columbia, off Two Notch Road.
The property is in northeast Columbia, off Two Notch Road.
Key Highlights
- ±17,838 SF Class A office and medical building
- Built in 2006
- On‑site parking ratio of 3.81 per 1,000 RSF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,886
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,777,720
$4.8M
Cap Rate 7%
$3,412,657
$3.4M
Cap Rate 9%
$2,654,289
$2.7M
Market Conditions
NOI Build-Up for 17,838 SF
Gross rent
$428.1K $24.00/SF
− Vacancy
−$30.0K −$1.68/SF
EGI
$398.1K $22.32/SF
− OpEx
−$159.3K −$8.93/SF
NOI
$238.9K $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%
$4,777,720
Cap Rate 7%
$3,412,657
Cap Rate 9%
$2,654,289
Alternative Uses
Best Use
Healthcare Medical
$3.41M
$2.99M – $3.98M
NOI $238,886 @ 7.0% cap · market cap 8.85%
Second Best
Office B
$3.03M
$2.65M – $3.53M
NOI $211,915 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,470 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
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
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
Frequently Asked Questions
What type of property is this?
Office building - Flexible lease terms and on-site parking support professional office and medical occupancy.
Where is this office building located?
The property is located at 140 Wildewood Park Dr Columbia, SC.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: ±17,838 SF Class A office and medical building; Built in 2006; On‑site parking ratio of 3.81 per 1,000 RSF
