Three-Story Brick Office
For Sale
$1,875,000
1508 Washington St., Columbia, SC 29201
Dedicated ground-floor entry supports potential multi-tenant subdivision and professional-service use.
Property Size8,644 SF
Price / SF$216.91
Days on Market91
Property Features for 1508 Washington St.
General Information
Standard status
Active
Size
8,644 SF
Class
C
Total Parking Spaces
22
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Building Size
8,644 SF
Year Built
1949
Buildings
1
Stories
3
Construction
brick
Tenancy
Single
Listing Agency:
Trinity Partners | Columbia
Listed By:
Roger Winn, SIOR
(803) 315-9567
Source:
Trinity-partners
Added: Jul 18
Changed: Oct 10
Last Checked: Oct 14 at 9:31PM
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
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Investment Insights
Based on property information with market context.
This 8,644 SF office property is a three-story brick building constructed in 1949, with concrete masonry banding and a prominent entrance along Washington St. The existing layout is occupied by a law firm and offers a configuration suited to professional office operations.
Dedicated access to the ground floor creates potential for multi-tenant subdivision. The property includes 22 deeded parking spaces and is located in Downtown Columbia, providing an established central business setting for an office building.
Dedicated access to the ground floor creates potential for multi-tenant subdivision. The property includes 22 deeded parking spaces and is located in Downtown Columbia, providing an established central business setting for an office building.
Key Highlights
- 8,644 SF office building constructed in 1949
- Three‑story brick construction with concrete masonry bands
- Grand entrance fronts Washington St.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,691
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,053,820
$2.1M
Cap Rate 7%
$1,467,014
$1.5M
Cap Rate 9%
$1,141,011
$1.1M
Market Conditions
NOI Build-Up for 8,644 SF
Gross rent
$166.0K $19.20/SF
− Vacancy
−$29.0K −$3.36/SF
EGI
$136.9K $15.84/SF
− OpEx
−$34.2K −$3.96/SF
NOI
$102.7K $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%
$2,053,820
Cap Rate 7%
$1,467,014
Cap Rate 9%
$1,141,011
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,691 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,995 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,451
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbia, SC
Frequently Asked Questions
What type of property is this?
Office building - Dedicated ground-floor entry supports potential multi-tenant subdivision and professional-service use.
Where is this office building located?
The property is located at 1508 Washington St. Columbia, SC.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: 8,644 SF office building constructed in 1949; Three‑story brick construction with concrete masonry bands; Grand entrance fronts Washington St.
