Live-Work
New
For Sale
$299,900
1520 Main Street 1-C, Columbia, SC 29201
COMMERCIAL/INDUSTRIAL, Columbia, SC
Property Size864 SF
Price / SF$347.11
Days on Market2
Property Features for 1520 Main Street 1-C
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-5
Parking
1
Directions
1520 Main Street 1C. Park on the street. CMLS lock box is on the front door of 1C Main Street
Subdivision
City of Columbia, Denny terrace, Lake Elizabeth
Standard status
Active
Size
864 SF
Utilities
Cooling system
Central Air
Building Details
Floors in Building
2
Listing Agency:
Landmark Resources LLC
(803) 988-0097
Listed By:
Laura Nichols
(803) 998-0097
Added: Aug 21
Last Checked: Aug 22 at 12:06PM
MLS# 641372
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 864-square-foot live-work condominium is configured for combined residential and commercial use, with central air conditioning and a reserved space in the parking garage. The property is zoned C-5 and is located at 1520 Main Street, Suite 1-C.
The condominium sits across from the Columbia Art Museum and near dining establishments, the Nickelodeon Theatre, the South Carolina State Capitol, and the Soda City Market. Its downtown Columbia setting places the property within an established cultural, civic, and retail environment.
The condominium sits across from the Columbia Art Museum and near dining establishments, the Nickelodeon Theatre, the South Carolina State Capitol, and the Soda City Market. Its downtown Columbia setting places the property within an established cultural, civic, and retail environment.
Key Highlights
- 864‑square‑foot live‑work condominium
- C‑5 zoning supports the property’s stated commercial classification
- Central air conditioning
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
$11,327
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
3.78%
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%
$226,540
$226.5K
Cap Rate 7%
$161,814
$161.8K
Cap Rate 9%
$125,856
$125.9K
Market Conditions
NOI Build-Up for 864 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
$19.7K $22.80/SF
− Vacancy
−$1.6K −$1.82/SF
EGI
$18.1K $20.98/SF
− OpEx
−$6.8K −$7.87/SF
NOI
$11.3K $13.11/SF
Area
Columbia, SC
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
37.50%
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%
$226,540
Cap Rate 7%
$161,814
Cap Rate 9%
$125,856
Alternative Uses
Best Use
Mixed Use
$161.8K
$141.6K – $188.8K
NOI $11,327 @ 7.0% cap · market cap 3.78%
Second Best
Office B
$146.6K
$128.3K – $171.1K
NOI $10,264 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$212.8K
$186.2K – $248.2K
NOI $14,893 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,638
Businesses Nearby
Explore this area
Business Placement
Demographics for 29201, SC
25,259
Population
12,619
Households
2
Avg Household Size
25
Median Age
56%
College-Educated
92%
High-School Grad
11.5 sq mi
ZIP Area
2,196
Density / Sq Mi
$34,327
Median Household Income
$14,671
Median Earnings
$1,207
Median Rent
$238,200
Median Home Value
Market
Vacancy Rate% for Office in Columbia, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - C-5-zoned condominium combines business space with live-work functionality and includes reserved garage parking.
Where is this live-work space located?
The property is located at 1520 Main Street 1-C Columbia, SC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 864‑square‑foot live‑work condominium; C‑5 zoning supports the property’s stated commercial classification; Central air conditioning
