Industrial Flex
For Sale
Contact for pricing
220 Oneil Ct, Columbia, SC 29223
Fully conditioned industrial flex building with rear drive-in door, mezzanine storage, and glass storefront.
Property Size7,800 SF
Price / SF$137.82
Days on Market145
Property Features for 220 Oneil Ct
General Information
Standard status
Active
Size
7,800 SF
Class
B
Property subtype
Industrial
Zoning
GC (General Commercial)
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$78,000
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2026
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
NAI Columbia
Listed By:
John Gregory · License #SC 99938
Source:
Crexi
Added: Apr 15
Changed: Aug 31
Last Checked: Aug 31 at 3:01AM
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 NAI Columbia
Investment Insights
Based on property information with market context.
220 Oneil Court is a fully conditioned, single-tenant industrial flex building offered as a stabilized investment with a long-term NNN lease in place. The property includes approximately 7,800 square feet of clear span warehouse space with 16’–18’ ceiling heights, along with a rear drive-in door for convenient access. Interior features include mezzanine storage and a private office, complemented by an attractive glass storefront. New exterior paint was completed in 2026.
The property is positioned just minutes from I-20, I-77, SC-277, and Two Notch Road, providing strong regional connectivity within a well-established commercial corridor in the Columbia submarket.
This turnkey asset is presented as a long-term income opportunity with an industrial flex layout suitable for day-to-day warehouse and light industrial needs.
The property is positioned just minutes from I-20, I-77, SC-277, and Two Notch Road, providing strong regional connectivity within a well-established commercial corridor in the Columbia submarket.
This turnkey asset is presented as a long-term income opportunity with an industrial flex layout suitable for day-to-day warehouse and light industrial needs.
Key Highlights
- ±7,800 SF fully conditioned industrial flex building on a stabilized, single‑tenant basis
- Long‑term NNN lease in place
- Clear span facility with 16’–18’ ceiling heights
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
$96,705
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
9.00%
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%
$1,934,100
$1.9M
Cap Rate 7%
$1,381,500
$1.4M
Cap Rate 9%
$1,074,500
$1.1M
Market Conditions
NOI Build-Up for 7,800 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
$159.1K $20.40/SF
− Vacancy
−$10.3K −$1.33/SF
EGI
$148.8K $19.07/SF
− OpEx
−$52.1K −$6.68/SF
NOI
$96.7K $12.40/SF
Area
Columbia, SC
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
35.00%
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%
$1,934,100
Cap Rate 7%
$1,381,500
Cap Rate 9%
$1,074,500
Alternative Uses
Best Use
Warehouse
$1.65M
$1.45M – $1.93M
NOI $115,640 @ 7.0% cap · market cap 10.76%
Second Best
Flex RnD
$1.38M
$1.21M – $1.61M
NOI $96,705 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,447 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29223, SC
52,477
Population
24,142
Households
2.2
Avg Household Size
39
Median Age
36%
College-Educated
90%
High-School Grad
25.3 sq mi
ZIP Area
2,074
Density / Sq Mi
$56,300
Median Household Income
$37,435
Median Earnings
$1,217
Median Rent
$183,800
Median Home Value
Market
Vacancy Rate% for Industrial in Columbia, SC
Questions? Ask Rey
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Similar Off Market Nearby
- Brisket King — 7160 Two Notch Rd, Columbia, SC 29223
- Crafty Crab — 245 Oneil Ct, Columbia, SC 29223
- Celeb Studio and Celeb Gourmet Graze Charcuterie+Meeting/Event Space+Catering+Mobile Bar — 224 Oneil Ct #19, Columbia, SC 29223
- A & J Catering — 7120 Fire Lane Rd, Columbia, SC 29223
Frequently Asked Questions
What type of property is this?
Flex space - Fully conditioned industrial flex building with rear drive-in door, mezzanine storage, and glass storefront.
Where is this flex space located?
The property is located at 220 Oneil Ct Columbia, SC.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: ±7,800 SF fully conditioned industrial flex building on a stabilized, single‑tenant basis; Long‑term NNN lease in place; Clear span facility with 16’–18’ ceiling heights
