Two-Story Office
For Sale
Contact for pricing
717 King Street, Columbia, SC 29205
Office property offered for sale with 2,206 square feet of flexible workspace.
Property Size2,206 SF
Price / SF$362.65
Days on Market86
Property Features for 717 King Street
General Information
Standard status
Active
Size
2,206 SF
Property subtype
Office
Zoning
NAC
Building Details
Tenancy
Single
Listing Agency:
Wilson Kibler
(803) 779-8600
Listed By:
William A. "Bill" Bunch · License #SC #4720
Source:
Crexi
Added: May 29
Changed: Aug 8
Last Checked: Aug 20 at 6:25AM
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
Investment Insights
Based on property information with market context.
This office property is offered for sale and totals 2,206 square feet. The space is designed for general office use and can support a range of professional tenants seeking a dedicated commercial setting.
The property is located at 717 King Street in Columbia, South Carolina. While specific building features and access details are not provided, the offering includes a defined office footprint sized for day-to-day operations.
For buyers or tenants looking for a manageable office option, this configuration provides a clear starting point for occupancy planning. Prospective users can evaluate the layout against their space requirements, and investors can review it as a smaller-scale office asset aligned with general office needs.
The property is located at 717 King Street in Columbia, South Carolina. While specific building features and access details are not provided, the offering includes a defined office footprint sized for day-to-day operations.
For buyers or tenants looking for a manageable office option, this configuration provides a clear starting point for occupancy planning. Prospective users can evaluate the layout against their space requirements, and investors can review it as a smaller-scale office asset aligned with general office needs.
Key Highlights
- Office property for sale featuring 2,206 sq ft of flexible workspace
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
$26,207
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
3.28%
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%
$524,140
$524.1K
Cap Rate 7%
$374,386
$374.4K
Cap Rate 9%
$291,189
$291.2K
Market Conditions
NOI Build-Up for 2,206 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
$42.4K $19.20/SF
− Vacancy
−$7.4K −$3.36/SF
EGI
$34.9K $15.84/SF
− OpEx
−$8.7K −$3.96/SF
NOI
$26.2K $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 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%
$524,140
Cap Rate 7%
$374,386
Cap Rate 9%
$291,189
Alternative Uses
Best Use
Office B
$374.4K
$327.6K – $436.8K
NOI $26,207 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.2K
$475.3K – $633.7K
NOI $38,024 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 29205, SC
23,586
Population
12,792
Households
1.8
Avg Household Size
34
Median Age
66%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
3,629
Density / Sq Mi
$62,197
Median Household Income
$41,660
Median Earnings
$1,100
Median Rent
$335,200
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?
Office building - Office property offered for sale with 2,206 square feet of flexible workspace.
Where is this office building located?
The property is located at 717 King Street Columbia, SC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Office property for sale featuring 2,206 sq ft of flexible workspace
