Flex Building with Warehouse
413 Western Ln Irmo, SC 29063
For Sale
Contact for pricing
Flex building with a warehouse with yard, fully furnished office space, and development land.
Property Size18,000 SF
Lot Size14.30 Acres
Price / SF$144.44
Days on Market708
Property Features for 413 Western Ln
General Information
Standard status
Active
Size
18,000 SF
Lot size
14.30 Acres
Property subtype
LAND
Listing Agency:
Wilson Kibler | Columbia
(803) 255-8641
Listed By:
Lee Bussell, Jr. · License #SC 96568
Source:
Moodyscre
Added: Aug 21, 2024
Changed: Jul 26
Last Checked: Jul 29 at 3:55PM
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 | Columbia
Investment Insights
Based on property information with market context.
This for-sale flex property includes a large flex building with a dedicated 5,000 SF warehouse area that comes with a yard, along with fully furnished office space. The offering totals approximately 13,000 SF and also includes 14.3 acres of land suitable for development.
The property is located at 413 Western Ln in Irmo, South Carolina. The seller is willing to subdivide the land, providing flexibility for development or reconfiguration of the site to support different end uses.
The property is located at 413 Western Ln in Irmo, South Carolina. The seller is willing to subdivide the land, providing flexibility for development or reconfiguration of the site to support different end uses.
Key Highlights
- 13,000 SF flex building
- Includes a 5,000 SF warehouse with yard
- Fully furnished office space
Financial Insights For Office B
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 | $315.4k | $17.52 |
| − Vacancy | −$26.2k | −$1.45 |
| EGI | $289.2k | $16.07 |
| − OpEx | −$72.3k | −$4.02 |
| NOI | $216.9k | $12.05 |
18,000 SF · lease $17.52/SF/yr · vacancy 8.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.10M
$2.71M – $3.61M
NOI $216,889 @ 7.0% cap · market cap 8.34%
Second Best
Warehouse
$1.53M
$1.34M – $1.78M
NOI $106,947 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$4.06M
$3.55M – $4.74M
NOI $284,305 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Anna Cline Catering — 7971 N Woodrow St, Irmo, SC 29063
- Fuji Express — 10259 Broad River Rd, Irmo, SC 29063
Frequently Asked Questions
What type of property is this?
Flex space - Flex building with a warehouse with yard, fully furnished office space, and development land.
Where is this flex space located?
The property is located at 413 Western Ln Irmo, SC.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 13,000 SF flex building; Includes a 5,000 SF warehouse with yard; Fully furnished office space
