Renovated Two-Suite Office
For Sale
$250,000
3201 Broad River Road, Columbia, SC 29210
Flexible commercial layout with reception, private storage, two bathrooms, and ample on-site parking.
Property Size1,138 SF
Price / SF$219.68
Days on Market132
Property Features for 3201 Broad River Road
General Information
Standard status
Active
Size
1,138 SF
Total Parking Spaces
15
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Amenities
break & conference room
walk-in closets
custom shelving
Central Air
3
15 Parking Spaces.
74X251X87X216
Building Details
Year Built
1935
Year Renovated
2014
Stories
1
Tenancy
Multi
Listing Agency:
iRealty International LLC
(803) 479-3351
Listed By:
April Glenn-James
Source:
Xome
Added: Apr 21
Changed: Aug 29
Last Checked: Aug 29 at 11:08PM
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 iRealty International LLC
Investment Insights
Based on property information with market context.
This two-suite office property was renovated in 2014 and includes a reception and waiting area, retail area, two bathrooms, break and conference space, and substantial storage. Large walk-in closets and custom shelving provide practical support for office, medical, salon, boutique, or small retail operations. The suites are currently occupied by an aviation instructor academy and a medical spa, with the latter configured with two chairs.
The property includes 15 parking spaces and a roundabout driveway. It is positioned on Broad River Road in Columbia, with access to I-20 and I-26 and an approximately eight-minute drive to downtown Columbia. The building dates to 1935 and is offered as-is.
The property includes 15 parking spaces and a roundabout driveway. It is positioned on Broad River Road in Columbia, with access to I-20 and I-26 and an approximately eight-minute drive to downtown Columbia. The building dates to 1935 and is offered as-is.
Key Highlights
- Two‑suite office property renovated in 2014
- Current occupants include an aviation instructor academy and medical spa
- Medical spa suite has 2 chairs, reception, waiting area, retail area, and 2 bathrooms
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
$15,240
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
6.10%
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%
$304,800
$304.8K
Cap Rate 7%
$217,714
$217.7K
Cap Rate 9%
$169,333
$169.3K
Market Conditions
NOI Build-Up for 1,138 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
$27.3K $24.00/SF
− Vacancy
−$1.9K −$1.68/SF
EGI
$25.4K $22.32/SF
− OpEx
−$10.2K −$8.93/SF
NOI
$15.2K $13.39/SF
Area
Columbia, SC
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$304,800
Cap Rate 7%
$217,714
Cap Rate 9%
$169,333
Alternative Uses
Best Use
Healthcare Medical
$217.7K
$190.5K – $254.0K
NOI $15,240 @ 7.0% cap · market cap 6.10%
Second Best
Office B
$193.1K
$169.0K – $225.3K
NOI $13,519 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$280.2K
$245.2K – $326.9K
NOI $19,615 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
621
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial layout with reception, private storage, two bathrooms, and ample on-site parking.
Where is this office units located?
The property is located at 3201 Broad River Road Columbia, SC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑suite office property renovated in 2014; Current occupants include an aviation instructor academy and medical spa; Medical spa suite has 2 chairs, reception, waiting area, retail area, and 2 bathrooms
