Flex Building with Drive-In
For Sale
$750,000
6846 Satchelford Rd, Columbia, SC 29206
Standalone flex property combines office and warehouse areas with drive-in access and on-site parking.
Property Size4,762 SF
Price / SF$157.50
Days on Market68
Property Features for 6846 Satchelford Rd
General Information
Standard status
Active
Size
4,762 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Building Details
Building Size
4,762 SF
Buildings
1
Listing Agency:
Reedy Commercial
(803) 466-9621
Listed By:
Bryan Kingrey
Source:
Reedycommercial
Added: Jun 25
Changed: Aug 30
Last Checked: Aug 31 at 2:32PM
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 Reedy Commercial
Investment Insights
Based on property information with market context.
This standalone flex building contains a balanced combination of office and warehouse space within approximately 4,762 SF. The warehouse area offers a 14 ft clear ceiling height for storage and racking, while two drive-in bays support equipment and material movement. The front door measures approximately 10 feet high by 12 feet wide, and the rear door measures approximately 10 feet by 10 feet.
The property includes on-site parking and circulation space for trucks and equipment. Its exclusive-use configuration is suited to contractor, trades, fabrication, service, and distribution operations. The building is located at 6846 Satchelford Rd in Columbia, SC 29206.
The property includes on-site parking and circulation space for trucks and equipment. Its exclusive-use configuration is suited to contractor, trades, fabrication, service, and distribution operations. The building is located at 6846 Satchelford Rd in Columbia, SC 29206.
Key Highlights
- ±4,762 SF industrial/flex building with office and warehouse areas
- 14 ft clear ceiling height for storage and racking
- Two drive‑in bay doors: front ±10’ H x 12’ W and rear ±10’ x 10’
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
$59,040
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
7.87%
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%
$1,180,800
$1.2M
Cap Rate 7%
$843,429
$843.4K
Cap Rate 9%
$656,000
$656.0K
Market Conditions
NOI Build-Up for 4,762 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
$97.1K $20.40/SF
− Vacancy
−$6.3K −$1.33/SF
EGI
$90.8K $19.07/SF
− OpEx
−$31.8K −$6.68/SF
NOI
$59.0K $12.40/SF
Area
Columbia, SC
Vacancy
6.50%
Lease Rate
$20.40 /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%
$1,180,800
Cap Rate 7%
$843,429
Cap Rate 9%
$656,000
Alternative Uses
Best Use
Warehouse
$1.01M
$882.5K – $1.18M
NOI $70,600 @ 7.0% cap · market cap 9.41%
Second Best
Flex RnD
$843.4K
$738.0K – $984.0K
NOI $59,040 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,082 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29206, SC
19,304
Population
9,460
Households
2
Avg Household Size
39
Median Age
64%
College-Educated
98%
High-School Grad
8.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$89,726
Median Household Income
$59,690
Median Earnings
$1,367
Median Rent
$328,600
Median Home Value
Market
Vacancy Rate% for Industrial in Columbia, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Standalone flex property combines office and warehouse areas with drive-in access and on-site parking.
Where is this flex space located?
The property is located at 6846 Satchelford Rd Columbia, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: ±4,762 SF industrial/flex building with office and warehouse areas; 14 ft clear ceiling height for storage and racking; Two drive‑in bay doors: front ±10’ H x 12’ W and rear ±10’ x 10’
