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    200 Springtree Dr Columbia, SC 29223

    Sponsored
    For Sale
    $1,600,000

    Fully Leased, High-Demand Location

    Property size:
    9,675 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A, 9,675 square foot medical office building in Columbia, South Carolina, presents a compelling investment opportunity. Located at the signalized corner of Parklane Road and Springtree Drive, this two-story building boasts a prime location across from the Richland library, offering excellent visibility and accessibility. The property features abundant on-site parking (5.9 spaces per 1,000 square feet) and pylon signage facing Parklane Road. Currently 100% occupied by three tenants, including ABS Kids (lease expiring December 2031) and two tenants with below-market rents expiring in May 2025 (Palmer Counseling and Midlands Medical Wellness). The first floor underwent a complete renovation in 2024, and the building benefits from new HVAC systems installed in 2019. The property is zoned GC - General Commercial, and the asking price is $1,600,000 ($165.37 per square foot). This is a triple-net (NNN) leased multi-tenant property built in 2005, offering strong cash flow and significant upside potential due to below-market rents on the second floor. The building's proximity to major thoroughfares like Two Notch Road (30,000 vehicles per day) and Farrow Road (10,400 vehicles per day) further enhances its desirability. This is a rare opportunity to acquire a fully leased, high-quality medical office building in a thriving market.

    Property Features for 200 Springtree Dr

    General Information

    Property type
    Medical offices
    Square Feet
    9,675 SF
    Class
    A

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    2

    HighLights

    • 9,675 SF Class A medical office building in Columbia, SC, fully occupied.
    • Prime location at Parklane Rd & Springtree Dr, across from Richland Library.
    • Abundant parking (5.9 spaces/1,000 SF) and pylon signage.
    • Triple‑net (NNN) lease; $1,600,000 asking price ($165.37/SF).
    • Strong cash flow with significant upside potential due to below‑market rents. First floor fully renovated in 2024; new HVAC in 2019.
    Property Profile Location Intelligence

    Current Use by Public Records

    Palmer Counseling and Consulting Counselor Midlands Medical Wellness ... Wellness Center Dr. Solomon N. ... Cardiologist Midlands Cardiology Associates Medical Clinic Midlands Cardiology Associates: ... Cardiologist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -80.958956260859
    Latitude
    34.076277378061

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    FAQs

    What type of property is this?
    Medical office - Fully Leased, High-Demand Location
    Where is this medical office located?
    The property is located at 200 Springtree Dr Columbia, SC.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 9,675 SF Class A medical office building in Columbia, SC, fully occupied.; Prime location at Parklane Rd & Springtree Dr, across from Richland Library.; Abundant parking (5.9 spaces/1,000 SF) and pylon signage.
    Request Owner's contact information
    200 Springtree Dr Columbia, SC 29223
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    Columbia, SC 29223
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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
    200 Springtree Dr Columbia, SC 29223
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