Renovated Flex Space with
For Sale
Contact for pricing
2221 Lake Murray Blvd, Columbia, SC
Renovated flex space featuring multiple bays, heated, and cooled.
Property Size5,500 SF
Lot Size1.02 Acres
Price / SF$150
Days on Market511
Property Features for 2221 Lake Murray Blvd
General Information
Standard status
Active
Size
5,500 SF
Lot size
1.02 Acres
Property subtype
INDUSTRIAL
Listing Agency:
ERA Wilder Realty Inc. - Columbia
(803) 312-1908
Listed By:
David Brock · License #58004
Source:
Moodyscre
Added: Mar 14, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:03AM
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
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 For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.2k | $20.40 |
| − Vacancy | −$7.3k | −$1.33 |
| EGI | $104.9k | $19.07 |
| − OpEx | −$36.7k | −$6.68 |
| NOI | $68.2k | $12.40 |
5,500 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 35.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Columbia, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
