Flex Space with Roll-Up
For Sale
$3,200,000
1821 Augusta Road, West Columbia, SC 29169
COMMERCIAL/INDUSTRIAL, West Columbia, SC
Property Size13,358 SF
Lot Size10.44 Acres
Price / SF$239.56
Days on Market25
Property Features for 1821 Augusta Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking
100
Directions
From Downtown Columbia: Take I-26 West toward Augusta/Spartanburg. Take Exit 111B for US-1 N/Augusta Road toward West Columbia. Continue north on Augusta Road to the property at 1821 Augusta Road.
Subdivision
Lexington and surrounding area
Standard status
Active
Size
13,358 SF
Lot size
10.44 Acres
Amenities
billboard
Building Details
Floors in Building
1
Listing Agency:
Southern Visions Realty I LLC
(803) 359-9571
Listed By:
Angela Cash · License #133081
(803) 957-5566
Added: Aug 10
Changed: Sep 3
Last Checked: Sep 3 at 6:06PM
MLS# 642290
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-parcel commercial property totals 10.44 acres and includes three income-producing properties. The improvements include a flex building suited to commercial or industrial functions, with six roll-up doors supporting warehouse, service, or distribution operations. C2 zoning applies to the property, and the parcels may be acquired together or individually.
The properties are located at 1821 Augusta Road, 1835 Augusta Road, and 1800 Decree Avenue in West Columbia, South Carolina. Augusta Road frontage provides direct exposure along the corridor, while an existing billboard adds another income-producing component. The multi-parcel configuration allows for separate ownership, expansion, redevelopment, or continued use by an owner-user.
The properties are located at 1821 Augusta Road, 1835 Augusta Road, and 1800 Decree Avenue in West Columbia, South Carolina. Augusta Road frontage provides direct exposure along the corridor, while an existing billboard adds another income-producing component. The multi-parcel configuration allows for separate ownership, expansion, redevelopment, or continued use by an owner-user.
Key Highlights
- 10.44 acres distributed across three parcels
- Three income‑producing properties included
- Flex building with six roll‑up doors
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
$100,319
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
3.13%
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%
$2,006,380
$2.0M
Cap Rate 7%
$1,433,129
$1.4M
Cap Rate 9%
$1,114,656
$1.1M
Market Conditions
NOI Build-Up for 13,358 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
$126.6K $9.48/SF
− Vacancy
−$8.6K −$0.64/SF
EGI
$118.0K $8.84/SF
− OpEx
−$17.7K −$1.33/SF
NOI
$100.3K $7.51/SF
Area
Lexington County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$2,006,380
Cap Rate 7%
$1,433,129
Cap Rate 9%
$1,114,656
Alternative Uses
Best Use
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,319 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$1.18M
$1.03M – $1.38M
NOI $82,616 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,130 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Firehouse Subs West Columbia — 2301 Augusta Rd, West Columbia, SC 29169
- Moe's Southwest Grill — 2217 Augusta Rd, West Columbia, SC 29169
- Agape Catering and Culinary — 1053 Center St, West Columbia, SC 29169
Frequently Asked Questions
What type of property is this?
Flex space - Three income-producing parcels combine adaptable commercial space, C2 zoning, road frontage, and billboard income potential.
Where is this flex space located?
The property is located at 1821 Augusta Road West Columbia, SC.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 10.44 acres distributed across three parcels; Three income‑producing properties included; Flex building with six roll‑up doors
