Office Building with
For Sale
$699,000
7193 Saint Andrews Road, Columbia, SC 29212
COMMERCIAL/INDUSTRIAL, Columbia, SC
Property Size3,500 SF
Lot Size0.41 Acres
Price / SF$199.71
Days on Market317
Property Features for 7193 Saint Andrews Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
26
Directions
I-26 to Saint Andrews Road toward Irmo, property on L.
Subdivision
Irmo/St Andrews/Ballentine
Standard status
Active
Size
3,500 SF
Lot size
0.41 Acres
Utilities
Cooling system
Central Air
Building Details
Floors in Building
2
Listing Agency:
Southern Visions Realty I LLC
(803) 359-9571
Listed By:
Reggie Enlow · License #81103
(803) 673-6399
Added: Oct 22, 2025
Changed: Sep 2
Last Checked: Sep 3 at 7:06AM
MLS# 620334
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial office building provides a practical layout for professional, medical, or service-oriented operations. Interior features include a reception area, eight or nine private offices, a conference room or collaborative work area, copy and print room, kitchenette, and two restrooms. Approximately 600+/- square feet of floored storage space supports file, equipment, or inventory needs.
The property is positioned between Lake Murray Boulevard and the Harbison area, with access close to I-26 and I-20. Commercial zoning and the combination of private workspaces, shared areas, support rooms, and storage create a flexible office configuration at 7193 Saint Andrews Road in Columbia, South Carolina.
The property is positioned between Lake Murray Boulevard and the Harbison area, with access close to I-26 and I-20. Commercial zoning and the combination of private workspaces, shared areas, support rooms, and storage create a flexible office configuration at 7193 Saint Andrews Road in Columbia, South Carolina.
Key Highlights
- Eight or nine private offices plus a conference room or collaborative work area
- Approximately 600+/- square feet of floored storage space
- Reception area, copy/print room, kitchenette, and two restrooms
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
Lease Details
Yes
Highway access
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 - Commercially zoned office property with private offices, collaborative space, and convenient access to I-26 and I-20.
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: Eight or nine private offices plus a conference room or collaborative work area; Approximately 600+/- square feet of floored storage space; Reception area, copy/print room, kitchenette, and two restrooms
