Multi-Tenant Office
For Sale
Contact for pricing
941 Spears Creek Court, Columbia, SC 29229
Office building for sale with easy accessibility to I-20 in northeast Columbia.
Property Size10,000 SF
Price / SF$275
Days on Market217
Property Features for 941 Spears Creek Court
General Information
Standard status
Active
Size
10,000 SF
Class
A
Property subtype
Office
Zoning
M-1, Light Industrial
Building Details
Stories
1
Tenancy
Single
Listing Agency:
Trinity Partners
Listed By:
Rob Lapin · License #SC 17077
(803) 567-1536
Source:
Crexi
Added: Mar 25
Changed: Oct 25
Last Checked: Oct 26 at 2:07PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$118,800
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,376,000
$2.4M
Cap Rate 7%
$1,697,143
$1.7M
Cap Rate 9%
$1,320,000
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$192.0K $19.20/SF
− Vacancy
−$33.6K −$3.36/SF
EGI
$158.4K $15.84/SF
− OpEx
−$39.6K −$3.96/SF
NOI
$118.8K $11.88/SF
Area
Columbia, SC
Vacancy
17.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,376,000
Cap Rate 7%
$1,697,143
Cap Rate 9%
$1,320,000
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.98M
NOI $118,800 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,368 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 29229, SC
51,548
Population
20,939
Households
2.5
Avg Household Size
36
Median Age
46%
College-Educated
94%
High-School Grad
18.3 sq mi
ZIP Area
2,817
Density / Sq Mi
$72,571
Median Household Income
$45,091
Median Earnings
$1,528
Median Rent
$230,800
Median Home Value
Market
Vacancy Rate% for Office in Columbia, SC
Frequently Asked Questions
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 $2,750,000.
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
