Professional Office Building Near
For Sale
$699,000
7193 Saint Andrews Road, Columbia, SC 29212
Well-maintained office building with flexible layout and convenient location.
Property Size3,500 SF
Price / SF$199.71
Days on Market310
Property Features for 7193 Saint Andrews Road
General Information
Standard status
Active
Size
3,500 SF
Property subtype
General Commercial
Amenities
Central Air
3
26 Parking Spaces.
Building Details
Year Built
1985
Stories
2
Listing Agency:
Southern Visions Realty I LLC
(803) 359-9571
Listed By:
Reggie Enlow
Source:
Xome
Added: Oct 18, 2025
Changed: Aug 23
Last Checked: Aug 22 at 12:50PM
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 Southern Visions Realty I LLC
Investment Insights
Based on property information with market context.
This well-maintained office building offers approximately 3,500 square feet of space with excellent exposure. The layout is flexible and functional, making it suitable for professional, medical, or service-oriented businesses. The building features a welcoming reception area, eight or nine private offices, and a conference room or collaborative work area. A dedicated copy/print room and kitchenette provide convenience, and there are two restrooms. Approximately 600 square feet of floored storage space is available. The property is located between Lake Murray Boulevard and the Harbison area, offering easy access to I-26 and I-20. This property is move-in ready and suited for businesses seeking a quality office environment.
Key Highlights
- Excellent location with easy access to I‑26 and I‑20, situated between Lake Murray Boulevard and the Harbison area.
- 3,500± square foot well‑maintained office building suitable for professional, medical, or service‑oriented businesses.
- Flexible layout with 8‑9 private offices and a conference room/collaborative work area.
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
$41,580
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
5.95%
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%
$831,600
$831.6K
Cap Rate 7%
$594,000
$594.0K
Cap Rate 9%
$462,000
$462.0K
Market Conditions
NOI Build-Up for 3,500 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
$67.2K $19.20/SF
− Vacancy
−$11.8K −$3.36/SF
EGI
$55.4K $15.84/SF
− OpEx
−$13.9K −$3.96/SF
NOI
$41.6K $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%
$831,600
Cap Rate 7%
$594,000
Cap Rate 9%
$462,000
Alternative Uses
Best Use
Office B
$594.0K
$519.8K – $693.0K
NOI $41,580 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.8K
$754.1K – $1.01M
NOI $60,329 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 29212, SC
29,739
Population
13,374
Households
2.2
Avg Household Size
43
Median Age
46%
College-Educated
94%
High-School Grad
21.4 sq mi
ZIP Area
1,390
Density / Sq Mi
$74,652
Median Household Income
$45,221
Median Earnings
$1,359
Median Rent
$222,200
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 - Well-maintained office building with flexible layout and convenient location.
Where is this office building located?
The property is located at 7193 Saint Andrews Road Columbia, SC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Excellent location with easy access to I‑26 and I‑20, situated between Lake Murray Boulevard and the Harbison area.; 3,500± square foot well‑maintained office building suitable for professional, medical, or service‑oriented businesses.; Flexible layout with **8‑9 private offices and a conference room/collaborative work area.**
