Building Details

Building Size 1,550 SF

Year Built 1939

Listing Agency: Trinity Partners

Listed By: Jake Nidiffer · License #106741 Show Phone

Source: Commercialcafe

Added: Mar 26 Changed: Sep 27 Last Checked: Oct 5 at 3:37PM

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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

Investment Insights

Based on property information with market context.

A boutique commercial building with approximately 1,550 square feet is available for sale in Southeast Columbia. The property is located in Southeast Columbia.

Key Highlights

• ±1,550 SF Boutique Commercial Building
• Located in Southeast Columbia
• For sale in Southeast Columbia

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,414

Cap Rate

6.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$368,280 $368.3K

Cap Rate 7%

$263,057 $263.1K

Cap Rate 9%

$204,600 $204.6K

Market Conditions

NOI Build-Up for 1,550 SF

Gross rent

$29.8K $19.20/SF

− Vacancy

−$5.2K −$3.36/SF

EGI

$24.6K $15.84/SF

− OpEx

−$6.1K −$3.96/SF

NOI

$18.4K $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%

$368,280

Cap Rate 7%

$263,057

Cap Rate 9%

$204,600

Alternative Uses

Best Use

Office B

$263.1K

$230.2K – $306.9K (±1% cap)

NOI $18,414 @ 7.0% cap · market cap 6.14%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$381.7K

$334.0K – $445.3K (±1% cap)

NOI $26,717 @ 7.0% cap · market cap 8.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Gym & Fitness Center Kitchen & Bath Showroom

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

218

Businesses Nearby

Explore this area Business Placement

Demographics for 29209, SC

35,738

Population

16,520

Households

2.2

Avg Household Size

37

Median Age

39%

College-Educated

93%

High-School Grad

52.8 sq mi

ZIP Area

677

Density / Sq Mi

$58,854

Median Household Income

$38,756

Median Earnings

$1,252

Median Rent

$183,200

Median Home Value

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

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Boutique commercial building with 1,550 SF available for sale.

Where is this office building located?

The property is located at 1504 Leesburg Rd. Columbia, SC.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: ±1,550 SF Boutique Commercial Building; Located in Southeast Columbia; For sale in Southeast Columbia