Two-Story Office
For Sale
$2,250,000
1505 Blanding Street, Columbia, SC 29201
COMMERCIAL - Columbia, SC
Property Size16,489 SF
Lot Size1.16 Acres
Price / SF$136.45
Days on Market27
Property Features for 1505 Blanding Street
General Information
Property type
Commercial Sale
Property subtype
Other
High school district
000000
Directions
Located in downtown Columbia at the corner of Bull and Blanding Streets.
Standard status
Active
APN
R11403-16-13
Lot size
1.16 Acres
Listing Agency:
National Land Realty, Columbia, SC
(855) 384-5263
Listed By:
Hunter Suggs · License #28070
(855) 384-5263
Added: Jul 10
Changed: Aug 4
Last Checked: Aug 5 at 10:06AM
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.
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 was recently occupied by UNUMB Autism Academy, with that lease expiring in June 2026. City of Columbia zoning supports a wide range of commercial uses, and the site is included in the Robert Mills Historic District overlay.
Located in downtown Columbia at 1505 Blanding Street, the property sits three blocks from Main Street. Parking is available on site and along the street at a ratio of 5 spaces per 1,000 square feet. Additional parking may be added at the northeast corner of the property, providing further flexibility for the site.
Located in downtown Columbia at 1505 Blanding Street, the property sits three blocks from Main Street. Parking is available on site and along the street at a ratio of 5 spaces per 1,000 square feet. Additional parking may be added at the northeast corner of the property, providing further flexibility for the site.
Key Highlights
- 16,489/SF two‑story office building
- 1.16‑acre property in downtown Columbia
- Robert Mills Historic District overlay
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 | $316.6k | $19.20 |
| − Vacancy | −$55.4k | −$3.36 |
| EGI | $261.2k | $15.84 |
| − OpEx | −$65.3k | −$3.96 |
| NOI | $195.9k | $11.88 |
16,489 SF · lease $19.20/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.80M
$2.45M – $3.26M
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
NOI $284,218 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Vacancy Rate% for Office in Columbia, SC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - City zoning permits a wide range of commercial uses, with on-site and street parking.
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 property in downtown Columbia; Robert Mills Historic District overlay
