Medical Office
For Sale
Contact for pricing
685 S Oak Street, Seneca, SC 29678
Established medical office property with a lease renewal option and convenient access to Seneca, Clemson, and US-123.
Property Size4,200 SF
Price / SF$185.71
Days on Market51
Property Features for 685 S Oak Street
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Office
Investment Type
Net Lease
Net Operating Income
$54,600
Building Details
Buildings
1
Tenancy
Single
Building Size
4,200 SF
Listing Agency:
Pintail
Listed By:
Ross Kester · License #SC 50616
Source:
Crexi
Added: Aug 26
Changed: Oct 12
Last Checked: Oct 14 at 10:31PM
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 Pintail
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Investment Insights
Based on property information with market context.
This 4,200-square-foot medical office building occupies an established professional-services setting at 685 S. Oak Street in Seneca. The property is positioned among medical and healthcare-related providers, with a configuration suited to continued medical office use.
The location provides access to downtown Seneca, Clemson, and US-123. A five-year lease renewal option is available in March 2026, with 2% annual rent increases during the applicable lease period.
The location provides access to downtown Seneca, Clemson, and US-123. A five-year lease renewal option is available in March 2026, with 2% annual rent increases during the applicable lease period.
Key Highlights
- 4,200 SF medical office building
- Five‑year lease renewal option in March 2026
- 2% annual rent bumps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,657
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,073,140
$1.1M
Cap Rate 7%
$766,529
$766.5K
Cap Rate 9%
$596,189
$596.2K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$84.2K $20.04/SF
− Vacancy
−$12.6K −$3.01/SF
EGI
$71.5K $17.03/SF
− OpEx
−$17.9K −$4.26/SF
NOI
$53.7K $12.78/SF
Area
Oconee County, SC
Vacancy
15.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,073,140
Cap Rate 7%
$766,529
Cap Rate 9%
$596,189
Alternative Uses
Best Use
Office B
$766.5K
$670.7K – $894.3K
NOI $53,657 @ 7.0% cap · market cap 6.88%
Second Best
Healthcare Medical
$739.2K
$646.8K – $862.4K
NOI $51,742 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.05M
$922.5K – $1.23M
NOI $73,802 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29678, SC
23,700
Population
11,742
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
85%
High-School Grad
79.8 sq mi
ZIP Area
297
Density / Sq Mi
$49,699
Median Household Income
$33,779
Median Earnings
$943
Median Rent
$205,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Animal hospital — 412-498 Tribble St, Seneca, SC 29678
- Oconee Vet Clinic — Seneca, SC 29678
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical office property with a lease renewal option and convenient access to Seneca, Clemson, and US-123.
Where is this medical office space located?
The property is located at 685 S Oak Street Seneca, SC.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 4,200 SF medical office building; Five‑year lease renewal option in March 2026; 2% annual rent bumps
