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    710 Lady St Columbia, SC 29201

    For Sale
    Contact for pricing

    9,120 SF Vista Office, High NOI

    Property size:
    9,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 9,120-square-foot office building presents a compelling value-add investment opportunity in Columbia, South Carolina's vibrant Vista district. Located at 710 Lady Street, this single-story building boasts 16 parking spaces and benefits from its prime location within walking distance of numerous restaurants, hotels, the Statehouse, and Main Street. The property, situated in a former warehouse district now thriving with entertainment, hospitality, and office spaces, underwent a major renovation and upfit in 2017, following an initial renovation around 2008. Currently, 5,500 square feet are leased to an oral surgery practice under a new 10+ year lease, generating a net operating income (NOI) of $105,000. The remaining space is available for lease, offering significant potential to increase the current pro-forma NOI of $160,000. The property is offered as a Triple Net (NNN) lease with a multi-tenant occupancy, currently housing one tenant. The lease commenced on August 1, 2023, and includes a 2% annual rent bump provision. This property offers a blend of stable income and significant upside potential in a highly desirable location. The building is classified as both creative and traditional office space.

    Property Features for 710 Lady St

    General Information

    Property type
    Office space
    Square Feet
    9,120 SF

    Building Details

    Year Renovated
    2017
    Buildings
    1
    Stories
    1

    HighLights

    • 9,120 SF office building in Columbia, SC's Vista district.
    • 16 parking spaces; walking distance to restaurants, hotels, Statehouse, and Main Street.
    • Value‑add opportunity with a mix of creative and traditional office space.
    • Currently 5,500 SF leased to an oral surgery practice (10+ year lease, $105,000 NOI); remaining space available for lease, offering potential for $160,000+ NOI.
    • NNN lease; renovated in 2017 (with prior renovations in 2008); 2% annual rent bumps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -81.041837524051
    Latitude
    33.999778561623

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    FAQs

    What type of property is this?
    Office space - 9,120 SF Vista Office, High NOI
    Where is this office space located?
    The property is located at 710 Lady St Columbia, SC.
    What are key features of this property?
    This property features: 9,120 SF office building in Columbia, SC's Vista district.; 16 parking spaces; walking distance to restaurants, hotels, Statehouse, and Main Street.; Value-add opportunity with a mix of creative and traditional office space.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    710 Lady St Columbia, SC 29201
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