Office Building with Shared Meeting
For Sale
$550,000
123 Lawand Drive, Columbia, SC 29210
Separate entrances and utility meters complement shared kitchen and boardroom areas.
Property Size3,960 SF
Lot Size0.55 Acres
Price / SF$138.89
Days on Market448
Property Features for 123 Lawand Drive
General Information
Standard status
Active
Size
3,960 SF
Lot size
0.55 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
kitchen
board room
Building Details
Building Size
3,960 SF
Year Built
1985
Buildings
1
Listing Agency:
CARTER Realty, Inc.
Listed By:
Margaret-Ann Ashburn · License #1813
(803) 261-3646
Source:
Margaret-ann
Added: Aug 11, 2025
Changed: Oct 29
Last Checked: Oct 29 at 2:39PM
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 CARTER Realty, Inc.
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Investment Insights
Based on property information with market context.
The 3,960-square-foot office building, constructed in 1985, sits with an adjoining lot on a combined 0.55-acre property. It has three entrance doors, three utility meters and three bathrooms. Kitchen, boardroom and entry areas serve as shared spaces. The property is being sold as-is.
The site is about 1 mile from I-26 and I-20 and minutes from downtown Columbia. Established businesses and new development are present in the surrounding area.
The site is about 1 mile from I-26 and I-20 and minutes from downtown Columbia. Established businesses and new development are present in the surrounding area.
Key Highlights
- 3,960‑square‑foot office building on a combined 0.55‑acre property with adjoining lot
- Three entrance doors and three utility meters
- Three bathrooms, with shared kitchen, boardroom and entry areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,045
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,900
$940.9K
Cap Rate 7%
$672,071
$672.1K
Cap Rate 9%
$522,722
$522.7K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$76.0K $19.20/SF
− Vacancy
−$13.3K −$3.36/SF
EGI
$62.7K $15.84/SF
− OpEx
−$15.7K −$3.96/SF
NOI
$47.0K $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%
$940,900
Cap Rate 7%
$672,071
Cap Rate 9%
$522,722
Alternative Uses
Best Use
Office B
$672.1K
$588.1K – $784.1K
NOI $47,045 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
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
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
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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Market
Vacancy Rate% for Office in Columbia, SC
Frequently Asked Questions
What type of property is this?
Office building - Separate entrances and utility meters complement shared kitchen and boardroom areas.
Where is this office building 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 office building on a combined 0.55‑acre property with adjoining lot; Three entrance doors and three utility meters; Three bathrooms, with shared kitchen, boardroom and entry areas
