Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Lexington Acreage on Highway Title is generated by Realmo AI

    0 Highway 378, Lexington, SC 29072

    View on Map
    Claim this Listing
    For Sale
    $1,299,000

    Commercial - Lexington, SC

    Property size:
    2,405 SF
    Lot size:
    21.83 Acres
    Price / SF:
    $540/SF
    Added:
    Mar 4, 2026
    Days on Market:
    86
    Last Refresh:
    May 29 at 7:06 pm

    Property Features for 0 Highway 378

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Com built as Residential
    Standard status
    Active
    APN
    004200-03-356
    Size
    2,405 SF
    Lot size
    21.83 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    W Rhett Kelly

    Listing agent W Rhett Kelly

    Listing office Southern Visions Realty I LLC PO Box 729, Lexington, SC

    Listing date Mar 4, 2026

    MLS# 630788 Listing URL

    Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • ±21.83 acres with 575 feet of road frontage on Highway 378.
    • Excellent visibility and access suitable for commercial or investment use.
    • Prime location in a growing area of Lexington.
    • Includes a ±2,405 sq ft home that can be renovated, repurposed, or removed.
    • Features a scenic ±1.5‑acre pond.
    • Combination of wooded area for privacy and open areas for accessibility.

    Overview

    This property features approximately 21.83 acres with about 575 feet of road frontage on Highway 378 in Lexington, South Carolina. The site offers visibility and access, suitable for commercial or investment uses. A residential structure of approximately 2,405 square feet, constructed in 1948, is included. The home has 3 bedrooms and 1.5 bathrooms and is being sold as-is. The structure could be renovated, repurposed for office or commercial use, or serve as a base for future development. A scenic approximately 1.5-acre pond enhances the property, providing aesthetic appeal and recreational potential. The rear portion of the tract is wooded, offering privacy and a natural buffer, while the open areas near the road allow for easy access and visibility. This property presents an opportunity for investors, developers, or those seeking a large tract with commercial possibilities in a growing area of Lexington.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.249
    Latitude
    33.992

    Nearby Similar for Sale

    • $799,000
      4,090 SF

      Versatile Commercial Property on Edmund Highway

      Commercial property with restaurant and warehouse in Lexington, SC.
      6196 Edmund Highway, Lexington, SC 29073
      View Details
    • $799,000
      4,000 SF

      Versatile Office Building with Expansion Potential

      4,000 SF office building on 3.52 acres in Lexington.
      6204 Edmund Highway, Lexington, SC 29073
      View Details
    • $385,000
      1,678 SF

      Professional Office Building in Lexington

      Well-located office building in Lexington, SC, near major roadways.
      109A Vista Oaks, Lexington, SC 29072
      View Details
    • $359,000
      3,400 SF

      Lexington Commercial Property For Sale

      3,400 SF commercial building suitable for childcare or community uses.
      109 Lisa Drive, Lexington, SC 29073
      View Details
    • $850,000
      10,000 SF

      Mixed-Use Property in Lexington, SC

      Mixed-use property with retail, residential, and warehouse units.
      2040 S Lake Drive, Lexington, SC 29072
      View Details
    • $2,700,000
      2,988 SF

      Undeveloped Parcel in Growing Corridor

      Prime 7.69-acre parcel in Lexington's commercial corridor.
      150 Charter Oak Road, Lexington, SC 29072
      View Details
    • $300,000

      Versatile Fenced Lot in Lexington

      1.84-acre lot suitable for commercial or residential use.
      1164 Two Notch Road, Lexington, SC 29073
      View Details
    • $550,000
      2,272 SF

      Lexington Commercial Land Opportunity

      Prime commercial land in Lexington, SC, near major thoroughfares.
      120 Old Chapin Road, Lexington, SC 29072
      View Details
    • $499,999

      Lexington Commercial Land For Sale

      Two adjacent vacant lots totaling approximately 3.10 acres.
      6329 & 6317 Edmund Highway, Lexington, SC 29073
      View Details
    • $1,150,000
      8,640 SF

      Fully Leased Commercial Investment Property

      High-visibility Lexington office building with strong tenant occupancy and income streams.
      4265 Augusta Road, Lexington, SC 29073
      View Details
    • $689,000
      1,850 SF

      Prime Commercial Land Opportunity

      Almost 4 acres with high visibility and dual frontage.
      1000 Two Notch Road, Lexington, SC 29073
      View Details
    • $399,000
      1,600 SF

      Commercial Opportunity Near Downtown Lexington

      Centrally located commercial property near Lexington's business core.
      108 N Lake Drive, Lexington, SC 29072
      View Details

    FAQs

    What type of property is this?
    Commercial land - 21.83 acres with road frontage, ideal for investment.
    Where is this commercial land located?
    The property is located at 0 Highway 378 Lexington, SC.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: ±21.83 acres with **575 feet of road frontage on Highway 378**.; **Excellent visibility and access** suitable for commercial or investment use.; Prime location in a growing area of Lexington.
    (803) 359-9571
    We can help!
    Listing Contact
    W Rhett Kelly
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0 Highway 378, Lexington, SC 29072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!