Office Building at Parklane
200 Springtree Dr Columbia, SC 29223
200 Springtree Dr, Columbia, SC, 29223
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For Sale
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Office building with abundant parking and prominent signage.
Property Size9,675 SF
Price / SF$192.45
Days on Market1184
Property Features for 200 Springtree Dr
General Information
- Standard status
- Active
- Size
- 9,675 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing Agency
NAI Columbia
Listed by
Jeff Hein, SIOR · License #SC 13330
Source
Crexi
Added: Apr 21, 2023 Checked: Jul 17 at 7:26 am
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 NAI Columbia
Investment Insights
Based on property information with market context.
This office building is situated at the signalized corner of Parklane Road and Springtree Drive, across from the Richland Library. The location offers proximity to Two Notch Road and Farrow Road, with traffic volumes of 30,000 and 10,400 vehicles per day, respectively. The property features abundant on-site parking at a ratio of 5.9 spaces per 1,000 square feet. Pylon signage is available, facing Parklane Road. New HVAC systems were installed in 2019. The building has a size of 9,675 square feet.
Key Highlights
- Excellent location at the signalized corner of Parklane Road and Springtree Drive.
- Abundant on‑site parking (5.9/1,000).
- Pylon signage facing Parklane Rd.
Local 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 | $185.8k | $19.20 |
| − Vacancy | −$32.5k | −$3.36 |
| EGI | $153.3k | $15.84 |
| − OpEx | −$38.3k | −$3.96 |
| NOI | $114.9k | $11.88 |
9,675 SF · lease $19.20/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.64M
$1.44M – $1.92M
NOI $114,939 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,766 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Palmer Counseling and Consulting
Corporate Office
Midlands Medical Wellness ...
Gym & Fitness Center
Dr. Solomon N. ...
Physician
Midlands Cardiology Associates
Medical Clinic
Midlands Cardiology Associates: ...
Physician
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FAQs
What type of property is this?
Office building - Office building with abundant parking and prominent signage.
Where is this office building located?
The property is located at 200 Springtree Dr Columbia, SC.
What is the asking price?
The asking price for this property is $1,862,000.
What are key features of this property?
This property features: Excellent location at the signalized corner of Parklane Road and Springtree Drive.; Abundant on‑site parking (5.9/1,000).; Pylon signage facing Parklane Rd.
