Furnished Class B Office
For Sale
Contact for pricing
1905 Gadsden St, Columbia, SC 29201
Furnished office layout includes private rooms, conference space, production area, break room, and restrooms.
Property Size2,350 SF
Price / SF$212.34
Days on Market409
Property Features for 1905 Gadsden St
General Information
Standard status
Active
Size
2,350 SF
Class
Class B
Total Parking Spaces
12
Property subtype
OFFICE
Zoning
C-1
Additional Details
Furnished
Yes
Asking Price
$499,000
Amenities
Lobby /reception area
large conference
large production area
break room
bath rooms
Building Details
Buildings
1
Building Size
2,350 SF
Construction
brick & steel
Listing Agency:
Mabry Commercial Properties
(803) 779-3555
Listed By:
Hank Mabry
(803) 730-4915
Source:
Moodyscre
Added: Jul 21, 2025
Changed: Aug 29
Last Checked: Sep 1 at 7:44PM
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 Mabry Commercial Properties
Investment Insights
Based on property information with market context.
This 2,350-square-foot Class B office property at 1905 Gadsden St features a furnished interior with three offices, a reception lobby, a conference room, production space, break room, and bathrooms. The open-plan arrangement is housed in a brick-and-steel building and includes 12 on-site parking spaces.
The property carries C-1 zoning and is positioned in downtown Columbia. The Governor’s Mansion is directly opposite the building, while professional offices and the Federal Courthouse are nearby.
The property carries C-1 zoning and is positioned in downtown Columbia. The Governor’s Mansion is directly opposite the building, while professional offices and the Federal Courthouse are nearby.
Key Highlights
- 2,350 SF Class B office building
- Furnished layout with 3 offices, lobby, conference room, production area, break room, and bathrooms
- 12 on‑site parking spaces
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
$27,918
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
5.59%
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%
$558,360
$558.4K
Cap Rate 7%
$398,829
$398.8K
Cap Rate 9%
$310,200
$310.2K
Market Conditions
NOI Build-Up for 2,350 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
$45.1K $19.20/SF
− Vacancy
−$7.9K −$3.36/SF
EGI
$37.2K $15.84/SF
− OpEx
−$9.3K −$3.96/SF
NOI
$27.9K $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 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%
$558,360
Cap Rate 7%
$398,829
Cap Rate 9%
$310,200
Alternative Uses
Best Use
Office B
$398.8K
$349.0K – $465.3K
NOI $27,918 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$578.7K
$506.3K – $675.1K
NOI $40,506 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,115
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 building - Furnished office layout includes private rooms, conference space, production area, break room, and restrooms.
Where is this office building located?
The property is located at 1905 Gadsden St Columbia, SC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,350 SF Class B office building; Furnished layout with 3 offices, lobby, conference room, production area, break room, and bathrooms; 12 on‑site parking spaces
