7520 Irmo Dr Columbia, SC 29212-8607
This exceptional 2-story, 2,623 sq ft medical office building in Columbia, SC, presents a compelling investment opportunity. Located at 7520 Irmo Dr, in Lexington County, zip code 29212, this Class C property boasts 100% occupancy across its ten units, generating a strong NOI of $34,632 and a 7.55% cap rate. The asking price is $459,000, translating to $174.99 per square foot. Built in 1995, the building features a gross lease structure and sits on a single lot. Currently, the building offers 2,623 square feet of finished space on the main floor, with an additional approximately 800 square feet of unfinished space on the second floor, presenting a significant opportunity to increase rentable square footage and revenue. The property's convenient location, just five minutes from Interstate 26, ensures excellent accessibility. The current below-market rents offer substantial upside potential for future income growth. The property is zoned CN and is a multi-tenant building. This is an ideal investment for those seeking a stable, high-yield asset with significant value-add potential. The property is fully leased, providing immediate cash flow. This is a rare opportunity to acquire a well-maintained, fully occupied medical office building in a desirable location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CN · Columbia, SCColumbia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.