Two-Story Medical Office
For Sale
$1,400,000
160 Medical Circle, West Columbia, SC 29169
Multi-tenant office property with elevator service, ADA access, updated roof and HVAC systems, and separate tenant access points.
Property Size8,830 SF
Days on Market93
Property Features for 160 Medical Circle
General Information
Standard status
Active
Size
8,830 SF
Class
B
Property subtype
Office
Building Details
Building Size
8,830 SF
Listing Agency:
Trinity Partners | Columbia
Listed By:
Macon Lovelace, SIOR
(803) 422-5060
Source:
Trinity-partners
Added: Jun 2
Changed: Aug 31
Last Checked: Sep 1 at 4:52PM
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
Investment Insights
Based on property information with market context.
This two-story medical office building contains approximately 8,830 SF and is configured for multiple occupants. The property includes several access points, common-area space, a building elevator, and ADA accessibility. Recent capital improvements include installation of a new roof system and replacement of the HVAC systems.
The building is occupied by tenants associated with counseling and home health care uses. The first-floor tenant has a lease extending through May 2027, while the second-floor tenant is scheduled to move to month-to-month tenancy beginning in June 2026. The property is located at 160 Medical Circle in West Columbia, South Carolina.
The building is occupied by tenants associated with counseling and home health care uses. The first-floor tenant has a lease extending through May 2027, while the second-floor tenant is scheduled to move to month-to-month tenancy beginning in June 2026. The property is located at 160 Medical Circle in West Columbia, South Carolina.
Key Highlights
- Approximately 8,830 SF two‑story medical office building
- Configured for multi‑tenant occupancy with multiple access points and common‑area space
- Building elevator and ADA access
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
$118,397
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
8.46%
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%
$2,367,940
$2.4M
Cap Rate 7%
$1,691,386
$1.7M
Cap Rate 9%
$1,315,522
$1.3M
Market Conditions
NOI Build-Up for 8,830 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
$168.5K $19.08/SF
− Vacancy
−$10.6K −$1.20/SF
EGI
$157.9K $17.88/SF
− OpEx
−$39.5K −$4.47/SF
NOI
$118.4K $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%
$2,367,940
Cap Rate 7%
$1,691,386
Cap Rate 9%
$1,315,522
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,397 @ 7.0% cap · market cap 8.46%
Second Best
Healthcare Medical
$1.35M
$1.18M – $1.58M
NOI $94,717 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,004 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office property with elevator service, ADA access, updated roof and HVAC systems, and separate tenant access points.
Where is this office building located?
The property is located at 160 Medical Circle West Columbia, SC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 8,830 SF two‑story medical office building; Configured for multi‑tenant occupancy with multiple access points and common‑area space; Building elevator and ADA access
