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    401 Western Ln Irmo, SC 29063

    Sponsored
    For Sale
    $4,300,000

    Irmo, SC Office Investment Opportunity

    Property size:
    30,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional value-add investment opportunity presents a 30,500 square foot office complex located at 401 Western Ln, Irmo, South Carolina, 29063. The property consists of two, single-story buildings constructed in 1978 and 1985, situated on a 3.5-acre lot. Currently boasting 100% occupancy with sixteen tenants, the property generates a strong NOI of $311,718, representing a 7.25% cap rate. Significant upside potential exists through lease restructuring, converting existing gross leases to triple-net leases. Individual tenant utility metering is in place, with tenants responsible for electricity costs. The landlord covers water and TICAM expenses. Furthermore, a sizable undeveloped pad site offers substantial expansion potential. The property is classified as Class B and features a modified lease structure. The asking price is $4,300,000, projecting a pro-forma cap rate of 11.09% and a pro-forma NOI of $477,000. This prime location in the rapidly growing Irmo market, within the Columbia MSA, benefits from excellent visibility and access via Interstate 26. The property is suitable for executive, medical, and traditional office uses.

    Property Features for 401 Western Ln

    General Information

    Property type
    Medical offices
    Square Feet
    30,500 SF
    Class
    B
    Lot Size
    152,460 SF

    Building Details

    Buildings
    2
    Stories
    1
    Units
    16

    HighLights

    • 30,500 SF office complex on 3.5 acres in Irmo, SC.
    • Two single‑story buildings (1978 & 1985) with 100% occupancy and 16 tenants.
    • Strong NOI of $311,718, 7.25% cap rate; pro‑forma cap rate of 11.09% and pro‑forma NOI of $477,000.
    • Value‑add opportunity through lease restructuring (gross to triple‑net) and expansion on undeveloped pad site.
    • Excellent Irmo location with I‑26 access; suitable for executive, medical, and traditional office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    PSyn, Inc. Business To Business Service Digital Red Zone Website Designer The Ellison Agency Insurance Broker Halcyon Real Estate ... Property Management Company Coogler Bilt Inc Home Builder

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irmo
    County
    Richland
    State
    South Carolina
    Longitude
    -81.188253
    Latitude
    34.1136453

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    FAQs

    What type of property is this?
    Medical office - Irmo, SC Office Investment Opportunity
    Where is this medical office located?
    The property is located at 401 Western Ln Irmo, SC.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: 30,500 SF office complex on 3.5 acres in Irmo, SC.; Two single-story buildings (1978 & 1985) with 100% occupancy and 16 tenants.; Strong NOI of $311,718, 7.25% cap rate; pro-forma cap rate of 11.09% and pro-forma NOI of $477,000.
    Request Owner's contact information
    401 Western Ln Irmo, SC 29063
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    Irmo, SC 29063
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Western Ln Irmo, SC 29063
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