Office Warehouse with Dock
For Sale
$2,250,000
999 Harbor Dr, West Columbia, SC 29169
Office warehouse with newly renovated interior, updated roof and HVAC, and two dock-high doors.
Property Size12,035 SF
Price / SF$186.95
Days on Market112
Property Features for 999 Harbor Dr
General Information
Standard status
Active
Size
12,035 SF
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
2
Heavy Power
Yes
Building Details
Building Size
12,035 SF
Year Built
1992
Listing Agency:
Wilson Kibler
Listed By:
Julian Wilson · License #57962
(803) 779-8600
Source:
Commercialcafe
Added: May 18
Changed: Sep 5
Last Checked: Sep 5 at 4:31AM
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 Wilson Kibler
Investment Insights
Based on property information with market context.
This office warehouse includes office space combined with warehouse operations, with a newly renovated interior. The property has a new roof and HVAC, and it features three-phase power.
The warehouse is accessed from Harbor Dr and offers high interstate visibility from the frontage road, with quick access to I-26/I-20 in West Columbia.
Warehouse functionality is supported by two dock-high doors, making the space well-suited for tenants who need both office support and basic loading capability.
The warehouse is accessed from Harbor Dr and offers high interstate visibility from the frontage road, with quick access to I-26/I-20 in West Columbia.
Warehouse functionality is supported by two dock-high doors, making the space well-suited for tenants who need both office support and basic loading capability.
Key Highlights
- 12,035 SF office warehouse for sale or lease
- New roof and HVAC plus completely renovated interior
- Two dock‑high doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$90,384
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,807,680
$1.8M
Cap Rate 7%
$1,291,200
$1.3M
Cap Rate 9%
$1,004,267
$1.0M
Market Conditions
NOI Build-Up for 12,035 SF
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.
Gross rent
$114.1K $9.48/SF
− Vacancy
−$7.8K −$0.64/SF
EGI
$106.3K $8.84/SF
− OpEx
−$16.0K −$1.33/SF
NOI
$90.4K $7.51/SF
Area
Lexington County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,807,680
Cap Rate 7%
$1,291,200
Cap Rate 9%
$1,004,267
Alternative Uses
Best Use
Warehouse
$1.29M
$1.13M – $1.51M
NOI $90,384 @ 7.0% cap · market cap 4.02%
Second Best
Industrial
$1.06M
$930.4K – $1.24M
NOI $74,433 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,258 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29169, SC
22,768
Population
11,087
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
1,963
Density / Sq Mi
$53,673
Median Household Income
$38,268
Median Earnings
$1,081
Median Rent
$189,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office warehouse with newly renovated interior, updated roof and HVAC, and two dock-high doors.
Where is this flex space located?
The property is located at 999 Harbor Dr West Columbia, SC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 12,035 SF office warehouse for sale or lease; New roof and HVAC plus completely renovated interior; Two dock‑high doors
