Flex Space with Adjoining
123 Lawand Drive Columbia, SC 29210
123 Lawand Drive, Columbia, SC, 29210
$550,000
For Sale
$550,000
COMMERCIAL - Columbia, SC
Property Size3,960 SF
Lot Size0.55 Acres
Price / SF$138.89
Days on Market346
Property Features for 123 Lawand Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- General Commercial
- Parking
- 20
- Standard status
- Active
- Size
- 3,960 SF
- Lot size
- 0.55 Acres
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
Listing agency
Southern Visions Realty I LLC
(803) 359-9571
Listed by
Doug Wilkes · License #61261
(803) 359-9571
Added: Aug 11, 2025 Updated: Jul 10 at 7:49AM Checked: Jul 22 at 9:06PM
MLS# 615068
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale flex space combines an existing structure with an adjoining lot (TMS #R07304-06-06), for a total of 0.55 acres. The building features three entrance doors and three meters, with three bathrooms that share common areas including a kitchen, board room, and entry way. The property is being sold as-is.
Located at 123 Lawand Drive in Columbia, this site is about 1 mile from I-26 and I-20 and minutes from downtown Columbia. The surrounding area includes established businesses and new development.
The property is positioned under General Commercial zoning and is offered with private financing available for qualified businesses.
Located at 123 Lawand Drive in Columbia, this site is about 1 mile from I-26 and I-20 and minutes from downtown Columbia. The surrounding area includes established businesses and new development.
The property is positioned under General Commercial zoning and is offered with private financing available for qualified businesses.
Key Highlights
- Commercial property at 123 Lawand Drive includes an existing structure and adjoining lot (TMS# R07304‑06‑06) for a total of 0.55 acres
- Three entrance doors, three meters, and three bathrooms, with shared common areas including a kitchen, board room, and entry way
- Central air cooling
Local Financial Insights For Flex RnD
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 | $80.8k | $20.40 |
| − Vacancy | −$5.3k | −$1.33 |
| EGI | $75.5k | $19.07 |
| − OpEx | −$26.4k | −$6.68 |
| NOI | $49.1k | $12.40 |
3,960 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$701.4K
$613.7K – $818.3K
NOI $49,096 @ 7.0% cap · market cap 8.93%
Second Best
Industrial
$690.7K
$604.4K – $805.8K
NOI $48,349 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$975.1K
$853.2K – $1.14M
NOI $68,258 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tabitha Jennings, Your ...
Real Estate Agency
Similar For Sale Nearby
Similar Off Market Nearby
- Genesis Catering, LLC — 119 Diamond Ln, Columbia, SC 29210
FAQs
What type of property is this?
Flex space - Flex space on 0.55 acres with three entry doors, multiple meters, and shared common areas including a kitchen and board room.
Where is this flex space located?
The property is located at 123 Lawand Drive Columbia, SC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Commercial property at 123 Lawand Drive includes an existing structure and adjoining lot (TMS# R07304‑06‑06) for a total of 0.55 acres; Three entrance doors, three meters, and three bathrooms, with shared common areas including a kitchen, board room, and entry way; Central air cooling
