Multi-Suite Office
For Sale
$2,150,000
7358 Garners Ferry Road, Columbia, SC 29209
COMMERCIAL/INDUSTRIAL, Columbia, SC
Property Size15,593 SF
Lot Size0.90 Acres
Price / SF$137.88
Days on Market688
Property Features for 7358 Garners Ferry Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Parking
35
Directions
I-77 to US 76/376 Garners Ferry Rd towards Sumter, property is located .03 miles on the left.
Subdivision
Columbia - Southeast
Standard status
Active
Size
15,593 SF
Lot size
0.90 Acres
Utilities
Cooling system
Central Air
Building Details
Floors in Building
2
Roof type
Built-Up
Listing Agency:
Keller Williams Realty
(803) 772-5858
Listed By:
Glen Levine · License #101732
(803) 518-4049
Added: Oct 21, 2024
Changed: Aug 19
Last Checked: Sep 8 at 6:06PM
MLS# 595512
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 15,593-square-foot office building sits on 0.9 acres and contains more than 40 suites. The property is currently fully occupied, with several long-term tenants in place. Central air, clean restrooms, a built-up roof, and customer parking in front support the existing office configuration. The building is located within a shared lot with ingress and egress serving the property.
The site fronts US 76/376 Garners Ferry Road in Columbia and offers access to I-20, I-77, Fort Jackson, and Downtown Columbia. Sumter is identified as approximately 20 minutes away. The property carries GC zoning and provides a multi-tenant office setting along a high-traffic roadway.
The site fronts US 76/376 Garners Ferry Road in Columbia and offers access to I-20, I-77, Fort Jackson, and Downtown Columbia. Sumter is identified as approximately 20 minutes away. The property carries GC zoning and provides a multi-tenant office setting along a high-traffic roadway.
Key Highlights
- 15,593‑square‑foot office building on 0.9 acres
- More than 40 office suites with several long‑term tenants in place
- Currently fully occupied
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
$185,245
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
8.62%
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%
$3,704,900
$3.7M
Cap Rate 7%
$2,646,357
$2.6M
Cap Rate 9%
$2,058,278
$2.1M
Market Conditions
NOI Build-Up for 15,593 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
$299.4K $19.20/SF
− Vacancy
−$52.4K −$3.36/SF
EGI
$247.0K $15.84/SF
− OpEx
−$61.7K −$3.96/SF
NOI
$185.2K $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%
$3,704,900
Cap Rate 7%
$2,646,357
Cap Rate 9%
$2,058,278
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,245 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.84M
$3.36M – $4.48M
NOI $268,773 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Office building - GC-zoned property with central air, guest parking, and full occupancy across a broad office configuration.
Where is this office building located?
The property is located at 7358 Garners Ferry Road Columbia, SC.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 15,593‑square‑foot office building on 0.9 acres; More than 40 office suites with several long‑term tenants in place; Currently fully occupied
