Mixed-Use Building on Large
For Sale
Contact for pricing
3905 Fernandina Rd, Columbia, SC 29210
Freestanding mixed-use building with highway frontage and redevelopment potential.
Property Size9,261 SF
Lot Size1.23 Acres
Price / SF$183.46
Days on Market172
Property Features for 3905 Fernandina Rd
General Information
Standard status
Active
Size
9,261 SF
Class
B
Total Parking Spaces
33
Lot size
1.23 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
GC
Investment Type
Owner/User
Building Details
Year Built
2004
Buildings
1
Stories
2
Listing Agency:
ERA Wilder Realty
(803) 728-8400
Listed By:
David Brock · License #SC 58004
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 10 at 9:42AM
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
Investment Insights
Based on property information with market context.
The property at 3905 Fernandina Road is a freestanding building offering approximately 9,261 square feet of retail and restaurant space. Situated on approximately 1.23 acres, the site features about 335 feet of highway frontage and high visibility. There are 33 on-site parking spaces. The building has a versatile layout that includes retail or restaurant space, second-floor office space or living quarters with a full bathroom, dedicated warehouse space, three drive-in doors, and one loading dock. The property's configuration and industrial components make it suitable for restaurant, retail showroom, service, distribution, or owner-user operations. The large parcel and ample parking enhance accessibility and long-term redevelopment potential.
Key Highlights
- Exceptional highway visibility with approximately 335 feet of frontage.
- Versatile mixed‑use configuration suitable for retail, restaurant, showroom, service, distribution, or owner‑user operations.
- Boasting ±9,261 SF freestanding building on ±1.23 acres with ample parking (33 spaces).
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
$137,301
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
8.08%
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%
$2,746,020
$2.7M
Cap Rate 7%
$1,961,443
$2.0M
Cap Rate 9%
$1,525,567
$1.5M
Market Conditions
NOI Build-Up for 9,261 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
$170.0K $18.36/SF
− Vacancy
−$8.5K −$0.92/SF
EGI
$161.5K $17.44/SF
− OpEx
−$24.2K −$2.62/SF
NOI
$137.3K $14.83/SF
Area
Columbia, SC
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$2,746,020
Cap Rate 7%
$1,961,443
Cap Rate 9%
$1,525,567
Alternative Uses
Best Use
Warehouse
$1.96M
$1.72M – $2.29M
NOI $137,301 @ 7.0% cap · market cap 8.08%
Second Best
Retail
$1.88M
$1.65M – $2.19M
NOI $131,625 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,630 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
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?
Mixed-use property - Freestanding mixed-use building with highway frontage and redevelopment potential.
Where is this mixed-use property located?
The property is located at 3905 Fernandina Rd Columbia, SC.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Exceptional highway visibility with approximately 335 feet of frontage.; Versatile mixed‑use configuration suitable for retail, restaurant, showroom, service, distribution, or owner‑user operations.; Boasting ±9,261 SF freestanding building on ±1.23 acres with ample parking (33 spaces).
