Office
For Sale
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215 Stoneridge Drive, Columbia, SC 29210
Office property in Columbia with access to a network of four interstates.
Property Size6,716 SF
Price / SF$200.46
Days on Market66
Property Features for 215 Stoneridge Drive
General Information
Standard status
Active
Size
6,716 SF
Total Parking Spaces
47
Property subtype
Office
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$90,876
Building Details
Year Built
1978
Tenancy
Single
Listing Agency:
Trinity Partners
Listed By:
Lakin Parr · License #SC90007
(864) 421-4747
Source:
Crexi
Added: Jun 29
Changed: Sep 2
Last Checked: Sep 1 at 5:56PM
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
Investment Insights
Based on property information with market context.
This office property at 215 Stoneridge Drive in Columbia, South Carolina, contains 6,716 square feet and was built in 1978. Its established office configuration provides a straightforward commercial setting for businesses seeking space in the Columbia market.
Columbia offers access to four interstates, supporting connections by road across the region. The Port of Charleston is less than 2 hours away, adding access to a major coastal transportation hub.
Columbia offers access to four interstates, supporting connections by road across the region. The Port of Charleston is less than 2 hours away, adding access to a major coastal transportation hub.
Key Highlights
- 6,716‑square‑foot office property
- Built in 1978
- Located at 215 Stoneridge Drive, Columbia, SC 29210
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
$79,786
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
5.93%
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%
$1,595,720
$1.6M
Cap Rate 7%
$1,139,800
$1.1M
Cap Rate 9%
$886,511
$886.5K
Market Conditions
NOI Build-Up for 6,716 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
$128.9K $19.20/SF
− Vacancy
−$22.6K −$3.36/SF
EGI
$106.4K $15.84/SF
− OpEx
−$26.6K −$3.96/SF
NOI
$79.8K $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 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%
$1,595,720
Cap Rate 7%
$1,139,800
Cap Rate 9%
$886,511
Alternative Uses
Best Use
Office B
$1.14M
$997.3K – $1.33M
NOI $79,786 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,762 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Explore this area
Business Placement
Demographics for 29210, SC
39,299
Population
19,592
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
16.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$50,258
Median Household Income
$32,240
Median Earnings
$1,076
Median Rent
$183,000
Median Home Value
Market
Vacancy Rate% for Office in Columbia, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property in Columbia with access to a network of four interstates.
Where is this office building located?
The property is located at 215 Stoneridge Drive Columbia, SC.
What is the asking price?
The asking price for this property is $1,346,318.
What are key features of this property?
This property features: 6,716‑square‑foot office property; Built in 1978; Located at 215 Stoneridge Drive, Columbia, SC 29210
