Building Details

Building Size 3,782 SF

Listing Agency: EXIT Realty Unlimited LLC Show Phone

Listed By: Jae Kim · License #111200 Show Phone

Source: Blackstreaminternational

Added: Nov 25, 2025 Changed: Oct 16 Last Checked: Oct 16 at 8:31AM

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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 EXIT Realty Unlimited LLC

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Investment Insights

Based on property information with market context.

This renovated 3,782 square foot office building offers visibility and functionality. Updated in 2020, the space includes six private offices, a small bullpen area, a gathering/conference area, and five restrooms. A prep kitchen is also available. The building features epoxy floors, 12-foot ceilings with an open industrial look, and exposed brick. This property is suitable for professional or creative use.

Key Highlights

• Renovated 3,782 SF office building with excellent visibility.
• Prime location suitable for professional or creative use.
• Features six private offices, a bullpen area, and a spacious conference area.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,930

Cap Rate

8.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$898,600 $898.6K

Cap Rate 7%

$641,857 $641.9K

Cap Rate 9%

$499,222 $499.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,782 SF

Gross rent

$72.6K $19.20/SF

− Vacancy

−$12.7K −$3.36/SF

EGI

$59.9K $15.84/SF

− OpEx

−$15.0K −$3.96/SF

NOI

$44.9K $11.88/SF

Area

Columbia, SC

Vacancy

17.50%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$898,600

Cap Rate 7%

$641,857

Cap Rate 9%

$499,222

Alternative Uses

Best Use

Office B

$641.9K

$561.6K – $748.8K (±1% cap)

NOI $44,930 @ 7.0% cap · market cap 8.99%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$931.3K

$814.9K – $1.09M (±1% cap)

NOI $65,190 @ 7.0% cap · market cap 13.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Eric Moore, EXIT ... Real Estate Agency Shakir Saleem, EXIT ... Real Estate Agency Jae Kim Team Real Estate Agency EXIT Real Estate ... Real Estate Agency Genice Bailey, EXIT ... Real Estate Agency

Suggested Use

Top Pick Building Supply HVAC Service Parking Lot & Garage Food Market Pharmacy Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

797

Businesses Nearby

Explore this area Business Placement

Demographics for 29223, SC

52,477

Population

24,142

Households

2.2

Avg Household Size

39

Median Age

36%

College-Educated

90%

High-School Grad

25.3 sq mi

ZIP Area

2,074

Density / Sq Mi

$56,300

Median Household Income

$37,435

Median Earnings

$1,217

Median Rent

$183,800

Median Home Value

Market

Vacancy Rate% for Office in Columbia, SC

18.6% 2020

11.6% 2021

9.7% 2022

7.4% 2023

7.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Renovated office building with modern features and functional layout.

Where is this office building located?

The property is located at 7116 Firelane Road Columbia, SC.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Renovated 3,782 SF office building with excellent visibility.; Prime location suitable for professional or creative use.; Features six private offices, a bullpen area, and a spacious conference area.