Class A Medical Office
710 Rabon Rd Columbia, SC 29203
710 Rabon Rd, Columbia, SC, 29203
Contact for pricing
For Sale
Contact for pricing
Medical office building for sale in Northeast Columbia, SC.
Property Size20,000 SF
Lot Size1.94 Acres
Price / SF$240
Days on Market773
Property Features for 710 Rabon Rd
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 1.94 Acres
- Property subtype
- Office
Listing Agency
Colliers - Columbia, South Carolina
(803) 401-4308
Listed by
Mary Winter Teaster · License #28525
Source
Crexi
Added: Jun 7, 2024 Checked: Jul 19 at 3:50 am
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 Colliers - Columbia, South Carolina
Investment Insights
Based on property information with market context.
Located in the Northeast corridor of Columbia, SC, 710 Rabon Road presents a strategic investment opportunity. The Class A medical office building is situated on approximately 1.94 acres and features 113 parking spaces, including five handicapped spaces and three van-accessible spots. A covered porte-cochère provides convenient access to the main entrance and elevator lobby. The building also features a new HVAC system. The property is located approximately 0.5 miles from Interstate 77, with approximately 93,000 vehicles passing the Farrow Road exit daily. The property is near MUSC Medical NE and various general physician offices. Its proximity to retailers, restaurants, and businesses enhances its appeal. The building is currently 94% occupied and has been leased and managed for over 20 years.
Key Highlights
- Class A medical office building in thriving Northeast Columbia, ideal for medical or general office use
- Strategically located ±0.5 miles from Interstate 77 with high visibility (±93,000 vehicles passing daily)
- High occupancy rate (94%) with established leasing and management history
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $480.0k | $24.00 |
| − Vacancy | −$33.6k | −$1.68 |
| EGI | $446.4k | $22.32 |
| − OpEx | −$178.6k | −$8.93 |
| NOI | $267.8k | $13.39 |
20,000 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.83M
$3.35M – $4.46M
NOI $267,840 @ 7.0% cap · market cap 5.58%
Second Best
Office B
$3.39M
$2.97M – $3.96M
NOI $237,600 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$4.92M
$4.31M – $5.75M
NOI $344,736 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wendy Lykes
Physician
Palmetto Primary Care ...
Pediatrician
Dr. Martin P. ...
Physician
Dr. Alan B. ...
Physician
Dejesus Dennis MD
Physician
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FAQs
What type of property is this?
Medical Office Space - Medical office building for sale in Northeast Columbia, SC.
Where is this medical office space located?
The property is located at 710 Rabon Rd Columbia, SC.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Class A medical office building in thriving Northeast Columbia, ideal for medical or general office use; Strategically located ±0.5 miles from Interstate 77 with **high visibility (±93,000 vehicles passing daily)**; **High occupancy rate (94%) with established leasing and management history**
