Freestanding Spa and Wellness
For Sale
Contact for pricing
7211 Broad River Rd, Irmo, SC 29063
Freestanding salon building at a signalized intersection with parking and proximity to major healthcare and retail destinations.
Property Size3,845 SF
Lot Size0.51 Acres
Price / SF$221.07
Days on Market144
Property Features for 7211 Broad River Rd
General Information
Standard status
Active
Size
3,845 SF
Total Parking Spaces
14
Lot size
0.51 Acres
Property subtype
Office, Retail
Site & Location
Corner Location
Yes
Traffic Count
20,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$850,000
Building Details
Year Built
2014
Buildings
1
Building Size
3,845 SF
Listing Agency:
NAI Columbia
(803) 254-0100
Listed By:
Bobby Balboni · License #SC 113453
Source:
Crexi
Added: Apr 8
Changed: Aug 29
Last Checked: Aug 29 at 1:36PM
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 NAI Columbia
Investment Insights
Based on property information with market context.
This freestanding salon property offers approximately 3,845 square feet on approximately 0.51 acres. Constructed in 2014, the building features modern landscaping, a contemporary presentation, and an existing layout suitable for salon operations. The property is also positioned for potential medical spa or medical office use.
The site occupies the signalized intersection of Broad River Rd and Dutchman Blvd, with reported traffic volumes of 20,800 VPD and access to nearby Lake Murray Blvd and I-26. Prisma Health Baptist Parkridge Hospital is approximately one mile away via Kinley Rd. The surrounding retail environment includes Publix, Food Lion, Jersey Mike’s, Bojangles, Dollar General, Wingstop, AutoZone, and Goodwill.
Parking includes 12 spaces plus 2 additional ADA spaces. Additional parking may be possible by removing the storage building.
The site occupies the signalized intersection of Broad River Rd and Dutchman Blvd, with reported traffic volumes of 20,800 VPD and access to nearby Lake Murray Blvd and I-26. Prisma Health Baptist Parkridge Hospital is approximately one mile away via Kinley Rd. The surrounding retail environment includes Publix, Food Lion, Jersey Mike’s, Bojangles, Dollar General, Wingstop, AutoZone, and Goodwill.
Parking includes 12 spaces plus 2 additional ADA spaces. Additional parking may be possible by removing the storage building.
Key Highlights
- Approximately 3,845 SF on approximately 0.51 AC
- Constructed in 2014 with modern landscaping
- Signalized intersection of Broad River Rd and Dutchman Blvd
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
$46,330
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
5.45%
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%
$926,600
$926.6K
Cap Rate 7%
$661,857
$661.9K
Cap Rate 9%
$514,778
$514.8K
Market Conditions
NOI Build-Up for 3,845 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
$67.4K $17.52/SF
− Vacancy
−$5.6K −$1.45/SF
EGI
$61.8K $16.07/SF
− OpEx
−$15.4K −$4.02/SF
NOI
$46.3K $12.05/SF
Area
Richland County, SC
Vacancy
8.30%
Lease Rate
$17.52 /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%
$926,600
Cap Rate 7%
$661,857
Cap Rate 9%
$514,778
Alternative Uses
Best Use
Office B
$661.9K
$579.1K – $772.2K
NOI $46,330 @ 7.0% cap · market cap 5.45%
Second Best
Healthcare Medical
$589.2K
$515.6K – $687.4K
NOI $41,244 @ 7.0% cap · market cap 4.85%
Theoretical Best
Specialty Retail
$867.6K
$759.1K – $1.01M
NOI $60,731 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,800 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29063, SC
36,341
Population
14,658
Households
2.5
Avg Household Size
40
Median Age
46%
College-Educated
96%
High-School Grad
40.1 sq mi
ZIP Area
906
Density / Sq Mi
$92,147
Median Household Income
$48,853
Median Earnings
$1,599
Median Rent
$239,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Freestanding salon building at a signalized intersection with parking and proximity to major healthcare and retail destinations.
Where is this spa & wellness property located?
The property is located at 7211 Broad River Rd Irmo, SC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 3,845 SF on approximately 0.51 AC; Constructed in 2014 with modern landscaping; Signalized intersection of Broad River Rd and Dutchman Blvd
