Historic Building in The
For Sale
Contact for pricing
925 Gervais St. & 1217 Park St, Columbia, SC 29201
Historic building with parking lot suitable for mixed-use development.
Property Size12,170 SF
Lot Size0.50 Acres
Price / SF$188.99
Days on Market1525
Property Features for 925 Gervais St. & 1217 Park St
General Information
Standard status
Active
Size
12,170 SF
Class
B
Lot size
0.50 Acres
Property subtype
Retail, Office, Mixed Use
Building Details
Stories
2
Listing Agency:
Trinity Partners Columbia
Listed By:
Roger Winn · License #SC 69646
(803) 254-0100
Source:
Crexi
Added: Aug 13, 2022
Changed: Oct 6
Last Checked: Oct 14 at 11:14PM
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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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,970
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,459,400
$3.5M
Cap Rate 7%
$2,471,000
$2.5M
Cap Rate 9%
$1,921,889
$1.9M
Market Conditions
NOI Build-Up for 12,170 SF
Gross rent
$262.9K $21.60/SF
− Vacancy
−$15.8K −$1.30/SF
EGI
$247.1K $20.30/SF
− OpEx
−$74.1K −$6.09/SF
NOI
$173.0K $14.21/SF
Area
Columbia, SC
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,459,400
Cap Rate 7%
$2,471,000
Cap Rate 9%
$1,921,889
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,359
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
Check the figures for this property
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?
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
