Flex Space
For Sale
Contact for pricing
3792 Platt Springs Road, West Columbia, SC 29170
The property is located on Platt Springs Road and carries Intensive Development zoning.
Property Size67,000 SF
Price / SF$67.01
Days on Market8
Property Features for 3792 Platt Springs Road
General Information
Standard status
Active
Size
67,000 SF
Property subtype
Office, Industrial
Zoning
Intensive Development
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Wilson Kibler
(803) 779-8600
Listed By:
James Rogers · License #SC 100012
Source:
Crexi
Added: Aug 8
Changed: Aug 14
Last Checked: Aug 14 at 8:11PM
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 Wilson Kibler
Investment Insights
Based on property information with market context.
This flex space property contains 67,000 SF and is situated at 3792 Platt Springs Road in West Columbia, South Carolina. The site is designated for Intensive Development zoning.
Key Highlights
- 67,000 SF flex space property
- Intensive Development zoning
- Located at 3792 Platt Springs Road, West Columbia, SC 29170
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
$308,496
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
6.87%
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%
$6,169,920
$6.2M
Cap Rate 7%
$4,407,086
$4.4M
Cap Rate 9%
$3,427,733
$3.4M
Market Conditions
NOI Build-Up for 67,000 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
$506.5K $7.56/SF
− Vacancy
−$31.9K −$0.48/SF
EGI
$474.6K $7.08/SF
− OpEx
−$166.1K −$2.48/SF
NOI
$308.5K $4.60/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$7.56 /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%
$6,169,920
Cap Rate 7%
$4,407,086
Cap Rate 9%
$3,427,733
Alternative Uses
Best Use
Industrial
$5.92M
$5.18M – $6.91M
NOI $414,378 @ 7.0% cap · market cap 9.23%
Second Best
Flex RnD
$4.41M
$3.86M – $5.14M
NOI $308,496 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$17.99M
$15.74M – $20.99M
NOI $1,259,598 @ 7.0% cap · market cap 28.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29170, SC
22,422
Population
9,547
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
92%
High-School Grad
24.5 sq mi
ZIP Area
915
Density / Sq Mi
$73,470
Median Household Income
$43,125
Median Earnings
$1,026
Median Rent
$191,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - The property is located on Platt Springs Road and carries Intensive Development zoning.
Where is this flex space located?
The property is located at 3792 Platt Springs Road West Columbia, SC.
What is the asking price?
The asking price for this property is $4,490,000.
What are key features of this property?
This property features: 67,000 SF flex space property; Intensive Development zoning; Located at 3792 Platt Springs Road, West Columbia, SC 29170
