1505 Blanding Street, Columbia, SC 29201

Listing Agency: National Land Realty, Columbia, SC

Listed By: Hunter Suggs · License SC #28070 Show Phone

Added: Jul 7 Changed: Sep 30 Last Checked: Nov 10 at 3:06AM

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MLS# 11918495

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This two-story office building contains 16,489 square feet on a 1.16-acre parcel. The property is positioned in downtown Columbia within the Robert Mills Historic District overlay. Current City of Columbia zoning supports a broad range of commercial uses.

Parking is available both on the property and along surrounding streets, with a ratio of 5 spaces per 1,000 SF. Additional parking may be added at the northeast corner of the site. The building was most recently occupied by UNUMB Autism Academy, and that lease expired in June 2026.

Key Highlights

• 16,489/SF two‑story office building
• 1.16‑acre site in downtown Columbia
• Located within the Robert Mills Historic District overlay

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$195,889

Cap Rate

8.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,917,780 $3.9M

Cap Rate 7%

$2,798,414 $2.8M

Cap Rate 9%

$2,176,544 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,489 SF

Gross rent

$316.6K $19.20/SF

− Vacancy

−$55.4K −$3.36/SF

EGI

$261.2K $15.84/SF

− OpEx

−$65.3K −$3.96/SF

NOI

$195.9K $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%

$3,917,780

Cap Rate 7%

$2,798,414

Cap Rate 9%

$2,176,544

Alternative Uses

Best Use

Office B

$2.80M

$2.45M – $3.26M (±1% cap)

NOI $195,889 @ 7.0% cap · market cap 8.71%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.06M

$3.55M – $4.74M (±1% cap)

NOI $284,218 @ 7.0% cap · market cap 12.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Rachel Allen Physician Kerry Esposito Physician Kirsten Wallace Physician Kathryn Marsh Medical Clinic The Unumb Center for Neurodevelopment Crisis Center

Suggested Use

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

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

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

4,854

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

Average Price Trend$/SF for Office buildings in Columbia, SC

$164 Jul

$180 Aug

$207 Sep

$195 Oct

Properties on Market for Office buildings in Columbia

Jul

Aug

Sep

Oct

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 - Current city zoning permits commercial uses, with parking available on and off the property.

Where is this office building located?

The property is located at 1505 Blanding Street Columbia, SC.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 16,489/SF two‑story office building; 1.16‑acre site in downtown Columbia; Located within the Robert Mills Historic District overlay