Three-Level Office
For Sale
Contact for pricing
1320 Washington Street, Columbia, SC 29201
Three-level office building with multiple executive offices and conference and board rooms.
Property Size26,568 SF
Price / SF$169.38
Days on Market150
Property Features for 1320 Washington Street
General Information
Standard status
Active
Size
26,568 SF
Class
A
Total Parking Spaces
45
Property subtype
Office
Zoning
DAC
Amenities
conference and board rooms
Building Details
Stories
3
Listing Agency:
ROI Commercial LLC
Listed By:
Billy Way · License #SC
(803) 331-1153
Source:
Crexi
Added: Apr 15
Changed: Sep 8
Last Checked: Sep 11 at 7:24AM
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 ROI Commercial LLC
Investment Insights
Based on property information with market context.
This three-level office building offers approximately 26,568 square feet and is set up for professional use. Interior amenities include multiple executive offices, along with well-appointed conference and board rooms, supporting both day-to-day meetings and executive-level gatherings.
The property features prominent street frontage designed to provide strong identity and branding for an office user or tenant. It is positioned in the heart of Columbia’s Central Business District, with immediate access to government offices, the legal district, and corporate employers.
For prospective tenants and buyers seeking a downtown presence, the building’s existing office configuration centers on private offices and dedicated meeting spaces rather than open-plan retail or flex space.
The property features prominent street frontage designed to provide strong identity and branding for an office user or tenant. It is positioned in the heart of Columbia’s Central Business District, with immediate access to government offices, the legal district, and corporate employers.
For prospective tenants and buyers seeking a downtown presence, the building’s existing office configuration centers on private offices and dedicated meeting spaces rather than open-plan retail or flex space.
Key Highlights
- 26,568 SF three‑level office building
- Multiple executive offices
- Well appointed conference and board rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$315,628
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,312,560
$6.3M
Cap Rate 7%
$4,508,971
$4.5M
Cap Rate 9%
$3,506,978
$3.5M
Market Conditions
NOI Build-Up for 26,568 SF
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.
Gross rent
$510.1K $19.20/SF
− Vacancy
−$89.3K −$3.36/SF
EGI
$420.8K $15.84/SF
− OpEx
−$105.2K −$3.96/SF
NOI
$315.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,312,560
Cap Rate 7%
$4,508,971
Cap Rate 9%
$3,506,978
Alternative Uses
Best Use
Office B
$4.51M
$3.95M – $5.26M
NOI $315,628 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.54M
$5.72M – $7.63M
NOI $457,947 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,655
Businesses Nearby
Explore this area
Business Placement
Demographics for 29201, SC
25,259
Population
12,619
Households
2
Avg Household Size
25
Median Age
56%
College-Educated
92%
High-School Grad
11.5 sq mi
ZIP Area
2,196
Density / Sq Mi
$34,327
Median Household Income
$14,671
Median Earnings
$1,207
Median Rent
$238,200
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Office in Columbia, SC
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Frequently Asked Questions
What type of property is this?
Office building - Three-level office building with multiple executive offices and conference and board rooms.
Where is this office building located?
The property is located at 1320 Washington Street Columbia, SC.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 26,568 SF three‑level office building; Multiple executive offices; Well appointed conference and board rooms
