Freestanding Flex Space with Fenced
For Sale
$349,000
900 Metze, Columbia, SC 29210
Office, warehouse, gated yard, and shipping access support varied commercial operations.
Property Size4,800 SF
Lot Size0.65 Acres
Price / SF$387.78
Days on Market11
Property Features for 900 Metze
General Information
Standard status
Active
Size
4,800 SF
Lot size
0.65 Acres
Property subtype
General Commercial
Zoning
R6
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
10 ft
Office Build-Out
900 SF
Power
200 amps
Conditioned Warehouse
No
Building Details
Year Built
1965
Buildings
1
Building Size
4,800 SF
Listing Agency:
Graham Realty, Inc
(803) 432-7370
Listed By:
Jeffrey Graham · License #72849
Source:
Xome
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 3:28PM
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 Graham Realty, Inc
Investment Insights
Based on property information with market context.
This freestanding flex property combines approximately 4,800 square feet of warehouse space with approximately 900 square feet of front office area, including a kitchen. The layout also provides restroom and storage areas, two large shipping doors, and approximately 10-foot warehouse ceilings. An 8-foot perimeter fence, gated entry, yard, and parking add functional site improvements. The metal roof is approximately five years old, while water lines and lighting have been updated. Public water and 200-amp electrical service are installed; the property uses septic and has no HVAC. Three-phase power is reported nearby.
Located near the Broad River corridor in Columbia, the property offers access to Broad River Road and the I-20, I-26, and I-126 network. It is currently zoned R6, with continued commercial or warehouse use subject to Richland County verification as a possible lawful nonconforming use. The property is offered as-is.
Located near the Broad River corridor in Columbia, the property offers access to Broad River Road and the I-20, I-26, and I-126 network. It is currently zoned R6, with continued commercial or warehouse use subject to Richland County verification as a possible lawful nonconforming use. The property is offered as-is.
Key Highlights
- Approximately 4,800‑square‑foot freestanding flex property on approximately 0.65 acres
- Approximately 900 square feet of front office space with kitchen
- Two large shipping doors and approximately 10‑foot warehouse ceilings
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
$13,343
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
3.82%
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%
$266,860
$266.9K
Cap Rate 7%
$190,614
$190.6K
Cap Rate 9%
$148,256
$148.3K
Market Conditions
NOI Build-Up for 900 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
$16.5K $18.36/SF
− Vacancy
−$826 −$0.92/SF
EGI
$15.7K $17.44/SF
− OpEx
−$2.4K −$2.62/SF
NOI
$13.3K $14.83/SF
Area
Columbia, SC
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$266,860
Cap Rate 7%
$190,614
Cap Rate 9%
$148,256
Alternative Uses
Best Use
Warehouse
$190.6K
$166.8K – $222.4K
NOI $13,343 @ 7.0% cap · market cap 3.82%
Second Best
Flex RnD
$159.4K
$139.5K – $186.0K
NOI $11,158 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$221.6K
$193.9K – $258.6K
NOI $15,513 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29210, SC
39,299
Population
19,592
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
16.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$50,258
Median Household Income
$32,240
Median Earnings
$1,076
Median Rent
$183,000
Median Home Value
Market
Vacancy Rate% for Industrial in Columbia, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, gated yard, and shipping access support varied commercial operations.
Where is this flex space located?
The property is located at 900 Metze Columbia, SC.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Approximately 4,800‑square‑foot freestanding flex property on approximately 0.65 acres; Approximately 900 square feet of front office space with kitchen; Two large shipping doors and approximately 10‑foot warehouse ceilings
