Multi-Tenant Office
941 Spears Creek Court Columbia, SC 29229
For Sale
Contact for pricing
Office building for sale with easy accessibility to I-20 in northeast Columbia.
Property Size10,000 SF
Price / SF$350
Days on Market121
Property Features for 941 Spears Creek Court
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office
Listing Agency:
Trinity Partners
(803) 254-0100
Listed By:
Rob Lapin · License #SC 17077
Source:
Crexi
Added: Mar 25
Changed: Jul 21
Last Checked: Jul 22 at 3:30PM
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 Trinity Partners
Investment Insights
Based on property information with market context.
This for-sale office building totals approximately 110,000 SF and is offered as a commercial property at 941 Spears Creek Court in Columbia, SC (29229). The asset is positioned for straightforward office use within its existing building configuration.
The property is located in northeast Columbia and is described as having easy accessibility to I-20, supporting practical connectivity for tenant and visitor travel.
At approximately 10,000 (per the provided property size data), this offering should be underwritten based on the building’s full rentable and usable space details confirmed during due diligence.
The property is located in northeast Columbia and is described as having easy accessibility to I-20, supporting practical connectivity for tenant and visitor travel.
At approximately 10,000 (per the provided property size data), this offering should be underwritten based on the building’s full rentable and usable space details confirmed during due diligence.
Key Highlights
- 10,000 SF office building for sale
- Located in northeast Columbia with easy accessibility to I‑20
Financial Insights For Office B
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 | $192.0k | $19.20 |
| − Vacancy | −$33.6k | −$3.36 |
| EGI | $158.4k | $15.84 |
| − OpEx | −$39.6k | −$3.96 |
| NOI | $118.8k | $11.88 |
10,000 SF · lease $19.20/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.98M
NOI $118,800 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,368 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Office building for sale with easy accessibility to I-20 in northeast Columbia.
Where is this office building located?
The property is located at 941 Spears Creek Court Columbia, SC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 10,000 SF office building for sale; Located in northeast Columbia with easy accessibility to I‑20
