Flex Space with Adjoining
123 Lawand Drive Columbia, SC 29210
COMMERCIAL - Columbia, SC
Property size:
3,960 SFLot size:
0.55 AcresPrice / SF:
$138/SF- Added:
- Aug 11, 2025
- Days on Market:
- 334
- Last Refresh:
- Jul 10 at 11:06 am
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 agent Doug Wilkes License #61261 (803) 359-9571
Listing office Southern Visions Realty I LLC PO Box 729, Lexington, SC (803) 359-9571
Listing date Aug 11, 2025
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
