1 1116 BLANDING ST, Columbia, SC
Historic 3-story building near Main Street with adaptive project potential.
- Added:
- Apr 11, 2025
- Days on Market:
- 434
- Last Refresh:
- May 20 at 8:19 pm
Property Features for 1 1116 BLANDING ST
General Information
- Standard status
- Active
- Size
- 7,552 SF
- Lot size
- 0.06 Acres
- Property subtype
- OFFICE
Listing agent William A. "Bill" Bunch
Listing office Wilson Kibler | Columbia (803) 779-8600
Listing date Apr 11, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Wilson Kibler | Columbia
HighLights
- Prime location: Half a block from Main Street with easy access to retailers, restaurants, and amenities.
- Historic adaptive project: Unique opportunity to redevelop the Marlboro building, originally built in 1911.
- Ample parking: Over 300 parking spaces available in the Taylor Street garage, including handicap options and EV charging.
- Convenient access: Easy access from Interstate 26.
- Multi‑unit building: Contains 7 total units.
- Three stories
Overview
Local Financial Insights For Office B
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 | $145.0k | $19.20 |
| − Vacancy | −$25.4k | −$3.36 |
| EGI | $119.6k | $15.84 |
| − OpEx | −$29.9k | −$3.96 |
| NOI | $89.7k | $11.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.0503
- Latitude
- 34.0099