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Property profile & analytics
OFF-MARKET
Office Spaces

1201 Colonial Commons Ct Lancaster, SC 29720

8,482 SF 0.82 ac lot Built 1992
Property ID
Property summary
AI-generated overview

Exceptional investment opportunity: Two medical office buildings totaling 8,482 square feet situated on a 0.82-acre lot in Lancaster, South Carolina. Built in 1992, this Class C property features two two-story buildings. Building 1, located at 1201 Colonial Commons Ct, is configured as a medical office with approximately 14 rooms, a file room, reception area, and waiting room. It's also wired for an X-ray room and includes an upper-level workspace. Building 2, at 1203 Colonial Commons Ct, offers three curtained areas, a reception area, waiting room, file room, a large open space, and upper-level workstations. Currently, one building is leased (rental amount available upon request). The property is offered at $1,100,000, representing a price per square foot of $129.69. The current lease is a single-tenant, NNN lease with a remaining term of approximately two months, commencing August 1, 2024, and expiring January 31, 2025. This prime location offers proximity to MUSC (Medical University of South Carolina), making it an ideal investment for medical professionals or investors seeking a strong return. The property is offered as a fee-simple sale; no ground lease is involved.

Property profile
Verified
Property type Office Spaces
Year built 1992
Total area 8,482 SF
Lot 0.82 ac (35,719 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Heinig Michael F MD Physician
  • McCarthy, William Golden, MD Physician
  • Dr. Thomas G. Fleischer, MD Physician
  • Eugene Neal Powell, MD Physician
  • Paul Henson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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