Flex Building on Garners
For Sale
Contact for pricing
7356 Garners Ferry Road, Columbia, SC 29209
5,969 SF flex building with excellent visibility for sale.
Property Size5,969 SF
Price / SF$184.29
Days on Market734
Property Features for 7356 Garners Ferry Road
General Information
Standard status
Active
Size
5,969 SF
Property subtype
Industrial, Office, Retail
Listing Agency:
Carolinas Retail Partners
(803) 665-5555
Listed By:
Tony Hanna · License #SC 12634
Source:
Crexi
Added: Aug 29, 2024
Changed: Aug 8
Last Checked: Aug 31 at 9:59AM
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 Carolinas Retail Partners
Investment Insights
Based on property information with market context.
This 5,969 square foot flex building offers excellent visibility on Garners Ferry Road. The property is suitable for commercial real estate purposes.
Key Highlights
- 5,969 SF Flex building
- Excellent visibility along busy Garners Ferry Road
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
$84,836
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
7.71%
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%
$1,696,720
$1.7M
Cap Rate 7%
$1,211,943
$1.2M
Cap Rate 9%
$942,622
$942.6K
Market Conditions
NOI Build-Up for 5,969 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
$128.9K $21.60/SF
− Vacancy
−$7.7K −$1.30/SF
EGI
$121.2K $20.30/SF
− OpEx
−$36.4K −$6.09/SF
NOI
$84.8K $14.21/SF
Area
Columbia, SC
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,696,720
Cap Rate 7%
$1,211,943
Cap Rate 9%
$942,622
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,836 @ 7.0% cap · market cap 7.71%
Second Best
Flex RnD
$1.06M
$925.1K – $1.23M
NOI $74,004 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$1.47M
$1.29M – $1.71M
NOI $102,886 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29209, SC
35,738
Population
16,520
Households
2.2
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
52.8 sq mi
ZIP Area
677
Density / Sq Mi
$58,854
Median Household Income
$38,756
Median Earnings
$1,252
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Office in Columbia, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Southern Way Catering — 100 E Exchange Pl, Columbia, SC 29209
- AB catering — 402 Hampton Forest Drive, Columbia, SC 29209
- Mamie Lee's Catering — 7356 Garners Ferry Rd # 217, Columbia, SC 29209
Frequently Asked Questions
What type of property is this?
Flex space - 5,969 SF flex building with excellent visibility for sale.
Where is this flex space located?
The property is located at 7356 Garners Ferry Road Columbia, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,969 SF Flex building; Excellent visibility along busy Garners Ferry Road
