Mixed-Use Park Near Medical
For Sale
Contact for pricing
1717-1719 Village Park Drive, Orangeburg, SC 29118
Nineteen-building commercial campus supports medical, professional office, and retail uses.
Property Size4,650 SF
Price / SF$182.80
Days on Market10
Property Features for 1717-1719 Village Park Drive
General Information
Standard status
Active
Size
4,650 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Buildings
19
Tenancy
Multi
Listing Agency:
The Litchfield Company - Commercial Division
Listed By:
Cal Bruner · License #SC 4526
(803) 535-6208
Source:
Crexi
Added: Sep 1
Changed: Sep 9
Last Checked: Sep 9 at 4:19PM
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 The Litchfield Company - Commercial Division
Investment Insights
Based on property information with market context.
This mixed-use commercial property comprises 19 buildings within a professionally managed park. The offering includes 4,650 square feet associated with 1717 and 1719 Village Park Drive, with uses identified for medical offices, professional offices, and retail. Parking is available throughout the property, supporting the varied commercial configuration.
The park is located in Orangeburg near the Medical University of South Carolina - Orangeburg Medical Center and Downtown Orangeburg. Access is provided through nearby Highway 601 and Interstate 26, connecting the property with surrounding commercial and institutional destinations.
The park is located in Orangeburg near the Medical University of South Carolina - Orangeburg Medical Center and Downtown Orangeburg. Access is provided through nearby Highway 601 and Interstate 26, connecting the property with surrounding commercial and institutional destinations.
Key Highlights
- 19‑building mixed‑use professional park
- 4,650 SF associated with 1717 and 1719 Village Park Drive
- Medical office, professional office, and retail use potential
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
$34,317
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
4.04%
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%
$686,340
$686.3K
Cap Rate 7%
$490,243
$490.2K
Cap Rate 9%
$381,300
$381.3K
Market Conditions
NOI Build-Up for 4,650 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
$55.8K $12.00/SF
− Vacancy
−$10.0K −$2.16/SF
EGI
$45.8K $9.84/SF
− OpEx
−$11.4K −$2.46/SF
NOI
$34.3K $7.38/SF
Area
Orangeburg County, SC
Vacancy
18.00%
Lease Rate
$12.00 /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%
$686,340
Cap Rate 7%
$490,243
Cap Rate 9%
$381,300
Alternative Uses
Best Use
Office B
$490.2K
$429.0K – $572.0K
NOI $34,317 @ 7.0% cap · market cap 4.04%
Second Best
Retail
$392.8K
$343.7K – $458.3K
NOI $27,498 @ 7.0% cap · market cap 3.24%
Theoretical Best
Specialty Retail
$673.7K
$589.5K – $786.0K
NOI $47,157 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 29118, SC
15,446
Population
6,742
Households
2.3
Avg Household Size
43
Median Age
32%
College-Educated
89%
High-School Grad
76.6 sq mi
ZIP Area
202
Density / Sq Mi
$57,704
Median Household Income
$39,124
Median Earnings
$967
Median Rent
$160,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Nineteen-building commercial campus supports medical, professional office, and retail uses.
Where is this mixed-use property located?
The property is located at 1717-1719 Village Park Drive Orangeburg, SC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 19‑building mixed‑use professional park; 4,650 SF associated with 1717 and 1719 Village Park Drive; Medical office, professional office, and retail use potential
