Brick Office Home with Dual
For Sale
$689,000
1000 Two Notch Road, Lexington, SC 29073
COMMERCIAL - Lexington, SC
Property Size1,850 SF
Lot Size3.77 Acres
Price / SF$372.43
Days on Market150
Property Features for 1000 Two Notch Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ID
Parking
2
Directions
From I 20 East bound take exit 55 making a right turn on to North Lake dr. Go to traffic light and turn left on to Two Notch Rd and travel approx 1/2 mile and the property will be on your left hand side.
Subdivision
Lexington and surrounding area
Standard status
Active
Size
1,850 SF
Lot size
3.77 Acres
Utilities
Cooling system
Central Air
Building Details
Floors in Building
2
Roof type
Shingle
Listing Agency:
Southern Visions Realty I LLC
(803) 359-9571
Listed By:
Donnie Canady
(803) 359-9571
Added: Apr 2
Changed: Aug 4
Last Checked: Aug 29 at 4:06AM
MLS# 630573
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.
Investment Insights
Based on property information with market context.
This commercial property includes 3.77+/- acres of land and a well-built brick home, which may be converted into office space or used for other business purposes. The property is suited for a range of light commercial and business-related applications, subject to confirmation of local zoning requirements.
The site offers dual frontage along I-20 and Two Notch Road, providing direct access to major thoroughfares and strong roadside visibility. It is located in Lexington County near Columbia and Lexington, with access to surrounding areas.
For sale as a combined land and building offering, the brick structure measures 1,850 square feet as reported by the realtor, and the buyer is responsible for verification.
The site offers dual frontage along I-20 and Two Notch Road, providing direct access to major thoroughfares and strong roadside visibility. It is located in Lexington County near Columbia and Lexington, with access to surrounding areas.
For sale as a combined land and building offering, the brick structure measures 1,850 square feet as reported by the realtor, and the buyer is responsible for verification.
Key Highlights
- 3.77± acres of commercial land in Lexington County with dual frontage on I‑20 and Two Notch Rd.
- Brick structure with 1850 SF as measured by the realtor, suited for conversion to office space or other business use.
- Zoned for commercial or business use (ID) (buyer to confirm with local zoning).
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
$24,806
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
3.60%
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%
$496,120
$496.1K
Cap Rate 7%
$354,371
$354.4K
Cap Rate 9%
$275,622
$275.6K
Market Conditions
NOI Build-Up for 1,850 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
$35.3K $19.08/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$33.1K $17.88/SF
− OpEx
−$8.3K −$4.47/SF
NOI
$24.8K $13.41/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$19.08 /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%
$496,120
Cap Rate 7%
$354,371
Cap Rate 9%
$275,622
Alternative Uses
Best Use
Office B
$354.4K
$310.1K – $413.4K
NOI $24,806 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.9K
$434.8K – $579.7K
NOI $34,780 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 29073, SC
48,653
Population
20,239
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
81.8 sq mi
ZIP Area
595
Density / Sq Mi
$72,648
Median Household Income
$45,050
Median Earnings
$1,046
Median Rent
$198,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land includes a brick home and dual frontage to I-20 and Two Notch Road.
Where is this commercial land located?
The property is located at 1000 Two Notch Road Lexington, SC.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 3.77± acres of commercial land in Lexington County with dual frontage on I‑20 and Two Notch Rd.; Brick structure with 1850 SF as measured by the realtor, suited for conversion to office space or other business use.; Zoned for commercial or business use (ID) (buyer to confirm with local zoning).
