Freestanding Medical Office
For Sale
$1,000,000
811 Sunset Blvd, West Columbia, SC 29169
Well-maintained freestanding medical office with exam rooms, flex space, and a 20-space parking lot.
Property Size4,343 SF
Price / SF$230.26
Days on Market312
Property Features for 811 Sunset Blvd
General Information
Standard status
Active
Size
4,343 SF
Listing Agency:
Starkes Realty LLC
(803) 758-4443
Listed By:
Davitte Richardson
Source:
Exprealty
Added: Oct 31, 2025
Changed: Aug 20
Last Checked: Sep 6 at 9:58AM
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 Starkes Realty LLC
Investment Insights
Based on property information with market context.
Freestanding office building currently utilized as a medical office, offering a turnkey setup for healthcare professionals. Built in 2007, the property includes 3 office spaces, 9 flex rooms, and 3 exam rooms, along with a kitchen/breakroom, receptionist and waiting areas, a conference room, workshop, and multiple storage and mechanical/electrical rooms. The interior is supported by commercial/vinyl flooring and includes a security system, emergency and exit signs, and four bathrooms, including three bathrooms and one bathroom equipped with a shower.
The building features approximately 180 feet of frontage along a road described as high traffic with exceptional visibility. It is located about 2.8 miles from Lexington Medical Center and is also described as minutes from downtown Columbia/The Vista.
The facility offers a total of 18 rooms and includes a 20-space parking lot, two gas water heaters, and an architectural shingle roof.
The building features approximately 180 feet of frontage along a road described as high traffic with exceptional visibility. It is located about 2.8 miles from Lexington Medical Center and is also described as minutes from downtown Columbia/The Vista.
The facility offers a total of 18 rooms and includes a 20-space parking lot, two gas water heaters, and an architectural shingle roof.
Key Highlights
- 4,307 SF freestanding medical office built in 2007 with well‑maintained interior and commercial/vinyl flooring
- Includes 3 exam rooms and 3 office spaces plus 9 flex rooms for a total of 18 rooms
- 20‑space parking lot with 180' frontage on a high‑traffic 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
$58,233
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
5.82%
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%
$1,164,660
$1.2M
Cap Rate 7%
$831,900
$831.9K
Cap Rate 9%
$647,033
$647.0K
Market Conditions
NOI Build-Up for 4,343 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
$82.9K $19.08/SF
− Vacancy
−$5.2K −$1.20/SF
EGI
$77.6K $17.88/SF
− OpEx
−$19.4K −$4.47/SF
NOI
$58.2K $13.41/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$19.08 /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%
$1,164,660
Cap Rate 7%
$831,900
Cap Rate 9%
$647,033
Alternative Uses
Best Use
Office B
$831.9K
$727.9K – $970.6K
NOI $58,233 @ 7.0% cap · market cap 5.82%
Second Best
Healthcare Medical
$665.5K
$582.3K – $776.4K
NOI $46,586 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,648 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29169, SC
22,768
Population
11,087
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
1,963
Density / Sq Mi
$53,673
Median Household Income
$38,268
Median Earnings
$1,081
Median Rent
$189,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained freestanding medical office with exam rooms, flex space, and a 20-space parking lot.
Where is this medical office space located?
The property is located at 811 Sunset Blvd West Columbia, SC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,307 SF freestanding medical office built in 2007 with well‑maintained interior and commercial/vinyl flooring; Includes 3 exam rooms and 3 office spaces plus 9 flex rooms for a total of 18 rooms; 20‑space parking lot with 180' frontage on a high‑traffic road
