Mixed-Use Commercial
For Sale
$282,500
1322 Gadsden Street, Columbia, SC 29201
Commercial Activity Center zoning supports office, retail, service, or redevelopment uses.
Property Size621 SF
Days on Market34
Property Features for 1322 Gadsden Street
General Information
Standard status
Active
Size
621 SF
Property subtype
Office
Zoning
Commercial Activity Center (CAC)
Additional Details
Highway Access
Yes
Building Details
Building Size
621 SF
Year Built
1929
Listing Agency:
Keller Williams Realty
Listed By:
Jayan Abraham · License #144030
Source:
Svrealty
Added: Aug 3
Changed: Aug 23
Last Checked: Sep 5 at 7:09AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This mixed-use commercial property at 1322 Gadsden St is positioned within Downtown Columbia’s Central Business District. The asset was built in 1929 and carries Commercial Activity Center (CAC) zoning, supporting office, retail, service, and redevelopment uses.
The property is near the South Carolina State House, University of South Carolina, Prisma Health Richland, and the Main Street and Vista districts. Regional access includes I-126, I-26, I-77, and I-20. The surrounding area includes government offices, professional firms, medical facilities, hotels, restaurants, and new mixed-use development.
The property is near the South Carolina State House, University of South Carolina, Prisma Health Richland, and the Main Street and Vista districts. Regional access includes I-126, I-26, I-77, and I-20. The surrounding area includes government offices, professional firms, medical facilities, hotels, restaurants, and new mixed-use development.
Key Highlights
- Commercial Activity Center (CAC) zoning
- Built in 1929
- Located at 1322 Gadsden St, Columbia, SC 29201
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
$8,141
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
2.88%
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%
$162,820
$162.8K
Cap Rate 7%
$116,300
$116.3K
Cap Rate 9%
$90,456
$90.5K
Market Conditions
NOI Build-Up for 621 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
$14.2K $22.80/SF
− Vacancy
−$1.1K −$1.82/SF
EGI
$13.0K $20.98/SF
− OpEx
−$4.9K −$7.87/SF
NOI
$8.1K $13.11/SF
Area
Columbia, SC
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
37.50%
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%
$162,820
Cap Rate 7%
$116,300
Cap Rate 9%
$90,456
Alternative Uses
Best Use
Mixed Use
$116.3K
$101.8K – $135.7K
NOI $8,141 @ 7.0% cap · market cap 2.88%
Second Best
Office B
$105.4K
$92.2K – $123.0K
NOI $7,377 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$152.9K
$133.8K – $178.4K
NOI $10,704 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,370
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
Market
Vacancy Rate% for Office in Columbia, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial Activity Center zoning supports office, retail, service, or redevelopment uses.
Where is this mixed-use property located?
The property is located at 1322 Gadsden Street Columbia, SC.
What is the asking price?
The asking price for this property is $282,500.
What are key features of this property?
This property features: Commercial Activity Center (CAC) zoning; Built in 1929; Located at 1322 Gadsden St, Columbia, SC 29201
