Flex Space with Three
For Sale
$550,000
123 Lawand Drive, Columbia, SC 29210
COMMERCIAL/INDUSTRIAL, Columbia, SC
Property Size3,960 SF
Lot Size0.55 Acres
Price / SF$138.89
Days on Market432
Property Features for 123 Lawand Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
General Commercial
Parking
20
Directions
From I-20 (Exit 63 - Bush River Rd): Take Exit 63 toward Bush River Rd Turn right onto Bush River Rd Go 0.8 miles, then turn left onto Zimalcrest Dr Turn right onto Fernandina Rd Turn right onto Lawand Drive 123 Lawand Drive will be on your left
Subdivision
Irmo/St Andrews/Ballentine
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) 903-5263
Added: Aug 11, 2025
Changed: Oct 2
Last Checked: Oct 16 at 1:06AM
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.
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Investment Insights
Based on property information with market context.
This flex space property includes a 3,960-square-foot existing structure and an adjoining lot, creating a combined 0.55-acre site. The building has three entrance doors, three meters, and three bathrooms connected to shared kitchen, board room, and entry areas. Central air conditioning is in place, and the property is being sold as-is.
The site is located 1 mile from I-26 and I-20 and is minutes from downtown Columbia. General Commercial zoning supports the property’s commercial positioning, while the adjoining lot provides additional site area for parking, signage, or expansion as supported by the existing property information.
The site is located 1 mile from I-26 and I-20 and is minutes from downtown Columbia. General Commercial zoning supports the property’s commercial positioning, while the adjoining lot provides additional site area for parking, signage, or expansion as supported by the existing property information.
Key Highlights
- 3,960‑square‑foot existing structure on a combined 0.55‑acre site
- Three entrance doors, three meters, and three bathrooms
- Shared kitchen, board room, and entry areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,096
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,920
$981.9K
Cap Rate 7%
$701,371
$701.4K
Cap Rate 9%
$545,511
$545.5K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$80.8K $20.40/SF
− Vacancy
−$5.3K −$1.33/SF
EGI
$75.5K $19.07/SF
− OpEx
−$26.4K −$6.68/SF
NOI
$49.1K $12.40/SF
Area
Columbia, SC
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,920
Cap Rate 7%
$701,371
Cap Rate 9%
$545,511
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 authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29210, SC
39,299
Population
19,592
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
16.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$50,258
Median Household Income
$32,240
Median Earnings
$1,076
Median Rent
$183,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbia, SC
Similar Off Market Nearby
- Genesis Catering, LLC — 119 Diamond Ln, Columbia, SC 29210
Frequently Asked Questions
What type of property is this?
Flex space - Existing commercial building with shared kitchen, board room, entry area, and central air conditioning.
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: 3,960‑square‑foot existing structure on a combined 0.55‑acre site; Three entrance doors, three meters, and three bathrooms; Shared kitchen, board room, and entry areas
