Freestanding Office Building For
For Sale
Contact for pricing
122 S Pickens St, Columbia, SC
Two-story, 4,276 SF office building in prime location.
Property Size4,276 SF
Lot Size0.13 Acres
Price / SF$186.86
Days on Market451
Property Features for 122 S Pickens St
General Information
Standard status
Active
Size
4,276 SF
Lot size
0.13 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Wales Garden Neighborhood Association
Listing Agency:
Colliers | Columbia
(803) 254-2300
Listed By:
Mary Teaster · License #28525
(803) 261-5839
Source:
Moodyscre
Added: Aug 8, 2025
Changed: Oct 26
Last Checked: Oct 30 at 12:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Columbia
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a freestanding two-story building with ±4,276 square feet of space. The building is suitable for professional offices or law firms. It was formerly the Vista Insurance building. The property features high ceilings, large office and conference rooms, and an abundance of natural light. There are 6 surface parking spaces available. The location is near the USC School of Law, Central Business District, SC State Capitol Complex, and the USC campus.
Key Highlights
- Prime location near USC School of Law, Central Business District, SC State Capitol Complex, and USC campus.
- ±4,276 SF two‑story freestanding building.
- Ideal for professional offices or law firms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,799
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,980
$1.0M
Cap Rate 7%
$725,700
$725.7K
Cap Rate 9%
$564,433
$564.4K
Market Conditions
NOI Build-Up for 4,276 SF
Gross rent
$82.1K $19.20/SF
− Vacancy
−$14.4K −$3.36/SF
EGI
$67.7K $15.84/SF
− OpEx
−$16.9K −$3.96/SF
NOI
$50.8K $11.88/SF
Area
Columbia, SC
Vacancy
17.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,980
Cap Rate 7%
$725,700
Cap Rate 9%
$564,433
Alternative Uses
Best Use
Office B
$725.7K
$635.0K – $846.7K
NOI $50,799 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$921.3K – $1.23M
NOI $73,705 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Columbia, SC
Frequently Asked Questions
What type of property is this?
Office building - Two-story, 4,276 SF office building in prime location.
Where is this office building located?
The property is located at 122 S Pickens St Columbia, SC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime location near USC School of Law, Central Business District, SC State Capitol Complex, and USC campus.; ±4,276 SF two‑story freestanding building.; Ideal for professional offices or law firms.
