Brick Office
For Sale
Contact for pricing
150 N 9th St, West Columbia, SC 29169
Office property with private offices, break rooms, restrooms, and fiber infrastructure.
Property Size6,076 SF
Price / SF$181.04
Days on Market9
Property Features for 150 N 9th St
General Information
Standard status
Active
Size
6,076 SF
Property subtype
Land
Additional Details
Highway Access
Yes
Amenities
break rooms
ethernet cabling
fiber optic infrastructure
Building Details
Year Built
1989
Construction
Brick
Listing Agency:
Choice Realty
Listed By:
Jonathan Lee · License #SC
(854) 205-3527
Source:
Crexi
Added: Sep 9
Changed: Sep 16
Last Checked: Sep 16 at 2:19PM
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 Choice Realty
Investment Insights
Based on property information with market context.
Constructed in 1989, this 6,076-square-foot brick office building includes 18 perimeter private offices, four restrooms, and two break rooms. Ethernet cabling extends throughout the building, supported by fiber optic infrastructure.
The property is located at 150 N 9th St in West Columbia, just off Jarvis Klapman Blvd and 9th St. Downtown Columbia is approximately a five-minute drive, while Columbia Metropolitan Airport is about 15 minutes away. Access to I-26, I-126, I-20, and I-77 supports connectivity throughout the area.
The property is located at 150 N 9th St in West Columbia, just off Jarvis Klapman Blvd and 9th St. Downtown Columbia is approximately a five-minute drive, while Columbia Metropolitan Airport is about 15 minutes away. Access to I-26, I-126, I-20, and I-77 supports connectivity throughout the area.
Key Highlights
- 6,076‑square‑foot brick office building constructed in 1989
- 18 perimeter private offices
- 4 total restrooms and 2 break 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
$81,470
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
7.41%
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%
$1,629,400
$1.6M
Cap Rate 7%
$1,163,857
$1.2M
Cap Rate 9%
$905,222
$905.2K
Market Conditions
NOI Build-Up for 6,076 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
$115.9K $19.08/SF
− Vacancy
−$7.3K −$1.20/SF
EGI
$108.6K $17.88/SF
− OpEx
−$27.2K −$4.47/SF
NOI
$81.5K $13.41/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
25.00%
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%
$1,629,400
Cap Rate 7%
$1,163,857
Cap Rate 9%
$905,222
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,470 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,229 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 29169, SC
22,768
Population
11,087
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
1,963
Density / Sq Mi
$53,673
Median Household Income
$38,268
Median Earnings
$1,081
Median Rent
$189,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office property with private offices, break rooms, restrooms, and fiber infrastructure.
Where is this office building located?
The property is located at 150 N 9th St West Columbia, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6,076‑square‑foot brick office building constructed in 1989; 18 perimeter private offices; 4 total restrooms and 2 break rooms
