Renovated Office Suite with
For Sale
$538,000
1608 Taylor, Columbia, SC 29201
Move-in ready renovated office suite with an open layout, reception lobby, and dedicated workstations.
Property Size1,830 SF
Price / SF$293.99
Days on Market108
Property Features for 1608 Taylor
General Information
Standard status
Active
Size
1,830 SF
Property subtype
General Commercial
Amenities
Central Air
3
Building Details
Year Built
1948
Stories
1
Listing Agency:
Yip Premier Real Estate LLC
(803) 388-8798
Listed By:
Nicole Johnson · License #43725
Source:
Xome
Added: May 17
Changed: Aug 27
Last Checked: Aug 31 at 3:20PM
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 Yip Premier Real Estate LLC
Investment Insights
Based on property information with market context.
This renovated office suite offers a flexible, efficient work environment with an open floor plan and a reception area/lobby. The space is designed for day-to-day operations, including work stations, a main office, and a combined breakroom/conference room. The property is presented move-in ready, and signage can be installed to support brand visibility.
Located in the heart of Columbia, the suite provides convenient access for staff and visitors. Ample street parking is available to support ongoing customer and employee traffic.
With its reception/lobby entry and multiple work zones, the layout is well suited to professional teams that need both collaboration and private focus time. The presence of a main office and breakroom/conference room supports day-to-day meetings and internal use while maintaining an organized, functional flow throughout the suite.
Located in the heart of Columbia, the suite provides convenient access for staff and visitors. Ample street parking is available to support ongoing customer and employee traffic.
With its reception/lobby entry and multiple work zones, the layout is well suited to professional teams that need both collaboration and private focus time. The presence of a main office and breakroom/conference room supports day-to-day meetings and internal use while maintaining an organized, functional flow throughout the suite.
Key Highlights
- Fully renovated, move‑in ready office space in the heart of Columbia
- Open floor plan with reception/lobby area, workstations, main office, and breakroom/conference room
- Central air cooling and heating system included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,740
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,800
$434.8K
Cap Rate 7%
$310,571
$310.6K
Cap Rate 9%
$241,556
$241.6K
Market Conditions
NOI Build-Up for 1,830 SF
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.
Gross rent
$35.1K $19.20/SF
− Vacancy
−$6.1K −$3.36/SF
EGI
$29.0K $15.84/SF
− OpEx
−$7.2K −$3.96/SF
NOI
$21.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,800
Cap Rate 7%
$310,571
Cap Rate 9%
$241,556
Alternative Uses
Best Use
Office B
$310.6K
$271.8K – $362.3K
NOI $21,740 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.6K
$394.3K – $525.7K
NOI $31,543 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,432
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
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready renovated office suite with an open layout, reception lobby, and dedicated workstations.
Where is this office units located?
The property is located at 1608 Taylor Columbia, SC.
What is the asking price?
The asking price for this property is $538,000.
What are key features of this property?
This property features: Fully renovated, move‑in ready office space in the heart of Columbia; Open floor plan with reception/lobby area, workstations, main office, and breakroom/conference room; Central air cooling and heating system included
