Renovated Flex Space with
2221 Lake Murray Blvd, Columbia, SC
For Sale
Contact for pricing
Renovated flex space featuring multiple bays, heated, and cooled.
Property Size5,500 SF
Lot Size1.02 Acres
Price / SF$150
Days on Market607
Property Features for 2221 Lake Murray Blvd
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
ERA Wilder Realty Inc. - Columbia
(803) 728-8400
Listed By:
David Brock · License SC #58004
(803) 312-1908
Source:
Moodyscre
Added: Mar 14, 2025
Changed: Oct 26
Last Checked: Nov 8 at 7:41AM
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 ERA Wilder Realty Inc. - Columbia
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Investment Insights
Based on property information with market context.
This 5,500 square foot flex space building features eight bays, each equipped with 12 to 14-foot rollup doors. The property has been newly renovated and includes new LED lighting. The building is heated and cooled for climate control. Security is enhanced by a security gate. The building is equipped with three separate meters.
Key Highlights
- Newly renovated, this property is ready for your business.
- Stay comfortable year‑round with heating and cooling.
- Features 8 bays perfect for various uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,190
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,800
$1.4M
Cap Rate 7%
$974,143
$974.1K
Cap Rate 9%
$757,667
$757.7K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$112.2K $20.40/SF
− Vacancy
−$7.3K −$1.33/SF
EGI
$104.9K $19.07/SF
− OpEx
−$36.7K −$6.68/SF
NOI
$68.2K $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 Rate 5%
$1,363,800
Cap Rate 7%
$974,143
Cap Rate 9%
$757,667
Alternative Uses
Best Use
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,541 @ 7.0% cap · market cap 9.88%
Second Best
Flex RnD
$974.1K
$852.4K – $1.14M
NOI $68,190 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$1.35M
$1.19M – $1.58M
NOI $94,802 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Properties on Market for Flex space in Columbia
Vacancy Rate% for Industrial in Columbia, SC
Similar Off Market Nearby
- Diimmler's Catering & Special — 2261 n lake dr, columbia, sc 29212
- Theresa's Dream Event Catering — 2043 Lake Murray Blvd, Columbia, SC 29212
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex space featuring multiple bays, heated, and cooled.
Where is this flex space located?
The property is located at 2221 Lake Murray Blvd Columbia, SC.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Newly renovated, this property is ready for your business.; Stay comfortable year‑round with heating and cooling.; Features 8 bays perfect for various uses.
