Office Condo with Private
New
For Sale
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305 Stoneridge Drive, Columbia, SC 29210
Office condo with reception, private offices, breakroom, bathrooms, and shared parking in an established professional corridor.
Property Size3,197 SF
Price / SF$172.04
Days on Market7
Property Features for 305 Stoneridge Drive
General Information
Standard status
Active
Size
3,197 SF
Class
B
Property subtype
Office
Zoning
EC
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Buildings
1
Units
1
Listing Agency:
NAI Columbia
Listed By:
Will DuPree · License #124094
Source:
Crexi
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 30 at 12:38PM
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.
Suite 100 is a 3,197-square-foot office condominium completed in 2005. Its interior includes a generous reception and waiting area, six private offices, a breakroom, and private bathrooms, creating a practical arrangement for day-to-day office operations. The property is designated EC zoning and is positioned within an established office corridor.
The property is located at 305 Stoneridge Drive in Columbia, with shared parking serving the building for staff and visitors. Highway visibility and access to Columbia’s major interstates provide a prominent and convenient setting. The existing configuration is identified as suitable for professional, medical, and administrative office uses.
The property is located at 305 Stoneridge Drive in Columbia, with shared parking serving the building for staff and visitors. Highway visibility and access to Columbia’s major interstates provide a prominent and convenient setting. The existing configuration is identified as suitable for professional, medical, and administrative office uses.
Key Highlights
- 3,197‑square‑foot office condominium in Suite 100
- Six large private offices plus reception and waiting area
- Breakroom and private bathrooms included
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
$37,980
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
6.91%
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%
$759,600
$759.6K
Cap Rate 7%
$542,571
$542.6K
Cap Rate 9%
$422,000
$422.0K
Market Conditions
NOI Build-Up for 3,197 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
$61.4K $19.20/SF
− Vacancy
−$10.7K −$3.36/SF
EGI
$50.6K $15.84/SF
− OpEx
−$12.7K −$3.96/SF
NOI
$38.0K $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%
$759,600
Cap Rate 7%
$542,571
Cap Rate 9%
$422,000
Alternative Uses
Best Use
Office B
$542.6K
$474.8K – $633.0K
NOI $37,980 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.2K
$688.8K – $918.4K
NOI $55,106 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
446
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 units - Office condo with reception, private offices, breakroom, bathrooms, and shared parking in an established professional corridor.
Where is this office units located?
The property is located at 305 Stoneridge Drive Columbia, SC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,197‑square‑foot office condominium in Suite 100; Six large private offices plus reception and waiting area; Breakroom and private bathrooms included
