Historic Building in The
925 Gervais St. & 1217 Park St Columbia, SC 29201
925 Gervais St. & 1217 Park St, Columbia, SC, 29201
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For Sale
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Historic building with parking lot suitable for mixed-use development.
Property Size12,170 SF
Lot Size0.50 Acres
Price / SF$188.99
Days on Market1435
Property Features for 925 Gervais St. & 1217 Park St
General Information
- Standard status
- Active
- Size
- 12,170 SF
- Lot size
- 0.50 Acres
- Property subtype
- Retail, Office, Mixed Use
Listing Agency
Trinity Partners Columbia
(803) 567-5454
Listed by
Roger Winn · License #SC 69646
Source
Crexi
Added: Aug 13, 2022 Checked: Jul 16 at 10:40 am
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
Investment Insights
Based on property information with market context.
This property features a historic building accompanied by a 0.5-acre parking lot. Situated in the heart of The Vista, the location is suitable for mixed-use, multi-family, or hotel development. The property's location in The Vista places it within walking distance of numerous restaurants and shops. The building has a property size of 12170 square feet.
Key Highlights
- Prime location in the heart of The Vista
- Includes a 0.5 acre parking lot
- Suitable for mixed‑use development
Local Financial Insights For Retail
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 | $262.9k | $21.60 |
| − Vacancy | −$15.8k | −$1.30 |
| EGI | $247.1k | $20.30 |
| − OpEx | −$74.1k | −$6.09 |
| NOI | $173.0k | $14.21 |
12,170 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.88M
NOI $172,970 @ 7.0% cap · market cap 7.52%
Second Best
Mixed Use
$2.28M
$1.99M – $2.66M
NOI $159,549 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,772 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historic building with parking lot suitable for mixed-use development.
Where is this mixed-use property located?
The property is located at 925 Gervais St. & 1217 Park St Columbia, SC.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime location in the heart of The Vista; Includes a **0.5 acre parking lot**; Suitable for mixed‑use development
