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Unique Office Building Near CBD
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1501 Park St, Columbia, SC

Distinctive office building featuring an auditorium and two-story atrium.

Property Size18,064 SF
Lot Size0.68 Acres
Price / SF$235.27
Days on Market356

Property Features for 1501 Park St

General Information

Standard status Active
Size 18,064 SF
Lot size 0.68 Acres
Property subtype OFFICE
Listing Agency: Trinity Partners | Columbia
Listed By: Roger Winn, SIOR · License #136374
Source: Moodyscre
Added: Aug 13, 2025 Changed: Jul 6 Last Checked: Jul 22 at 4:22AM

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 Trinity Partners | Columbia

Investment Insights

Based on property information with market context.

This uniquely designed office building features a lobby with a two-story atrium and a large auditorium. The property includes private offices and conference rooms. It is located within walking distance of the Central Business District (CBD) and the Vista.

Key Highlights

  • Walkable to CBD & Vista
  • Features a large auditorium
  • Uniquely designed building

Financial Insights For Office B

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 $346.8k $19.20
− Vacancy −$60.7k −$3.36
EGI $286.1k $15.84
− OpEx −$71.5k −$3.96
NOI $214.6k $11.88
18,064 SF · lease $19.20/SF/yr · vacancy 17.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$3.07M
$2.68M – $3.58M (±1% cap)
NOI $214,600 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.45M
$3.89M – $5.19M (±1% cap)
NOI $311,366 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

South Carolina Bar ... Corporate Office

Suggested Use

Top Pick Auto Parts Store Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Veterinary Clinic Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,304
Businesses Nearby

Market

Vacancy Rate% for Office in Columbia, SC

18.6% 2020
11.6% 2021
9.7% 2022
7.4% 2023
7.9% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Distinctive office building featuring an auditorium and two-story atrium.
Where is this office building located?
The property is located at 1501 Park St Columbia, SC.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Walkable to CBD & Vista; Features a large auditorium; Uniquely designed building
(803) 567-1455 Call to check price and availability
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