Listing Agency: ERA Wilder Realty Inc. - Columbia Show Phone

Listed By: David Brock · License #58004 Show Phone

Source: Moodyscre

Added: Feb 16, 2023 Changed: Sep 9 Last Checked: Oct 5 at 7:38PM

Report an Issue

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 ERA Wilder Realty Inc. - Columbia

Investment Insights

Based on property information with market context.

This is an upscale executive building featuring high ceilings and amazing finishes. A security system is in place.

Key Highlights

• Upscale executive building
• Amazing finishes throughout
• High ceilings create a spacious feel

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,109

Cap Rate

5.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$442,180 $442.2K

Cap Rate 7%

$315,843 $315.8K

Cap Rate 9%

$245,656 $245.7K

Market Conditions

NOI Build-Up for 1,861 SF

Gross rent

$35.7K $19.20/SF

− Vacancy

−$6.3K −$3.36/SF

EGI

$29.5K $15.84/SF

− OpEx

−$7.4K −$3.96/SF

NOI

$22.1K $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%

$442,180

Cap Rate 7%

$315,843

Cap Rate 9%

$245,656

Alternative Uses

Best Use

Office B

$315.8K

$276.4K – $368.5K (±1% cap)

NOI $22,109 @ 7.0% cap · market cap 5.90%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$458.3K

$401.0K – $534.6K (±1% cap)

NOI $32,078 @ 7.0% cap · market cap 8.55%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Muddy Paws Pet Grooming Service Charles Manley Homes Real Estate Agency EXIT Real Estate ... Real Estate Agency Real Estate Experts ... Real Estate Agency

Suggested Use

Top Pick Law Firm Restaurant Auto Repair Shop Building Supply Spa & Massage Center Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

200

Businesses Nearby

Explore this area Business Placement

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 office buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Office Building with Private Offices

1118 Greenlawn Drive, Columbia, SC 29209

$295,000

1,962 SF

View details

Boutique Commercial Building For Sale

1504 Leesburg Rd., Columbia, SC 29209

$300,000

1,550 SF

View details

Commercial Office Building

112 Arrowwood Road, Columbia, SC 29210

$285,000

2,419 SF

View details

Two-Story Office Space

717 & 719 King Street, Columbia, SC 29205

$800,000

2,206 SF

View details

Renovated Freestanding Office Building

6 Clusters Court, Columbia, SC 29210

$325,000

1,148 SF

View details

Renovated Office Building For Sale

7116 Firelane Road, Columbia, SC 29223

$499,900

3,782 SF

View details

Neighborhood Commercial Office Building

7451 Irmo Drive, Columbia, SC 29212

$575,000

3,866 SF

View details

Renovated Office Building

425 summit terrace Court 4, Columbia, SC 29229

$495,000

4,458 SF

View details

Office Building with Storage

7193 Saint Andrews Road, Columbia, SC 29212

$699,000

3,500 SF

View details

Two-Story Multi-Tenant Office Building

26 Office Park Ct, Columbia, SC 29223

$550,000

4,280 SF

View details

Two-Building Office Property

1511 Bush River Road, Columbia, SC 29210

$500,000

5,153 SF

View details

Furnished Class B Office Building

1905 Gadsden St, Columbia, SC 29201

Contact for pricing

2,350 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - Executive office building with high ceilings and security system.

Where is this office building located?

The property is located at 151 Summit Ctr Dr Columbia, SC.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Upscale executive building; Amazing finishes throughout; High ceilings create a spacious feel