108 N Lake Drive Lexington, SC 29072
COMMERCIAL - Lexington, SC
- Added:
- Feb 4, 2026
- Days on Market:
- 156
- Last Refresh:
- Jul 10 at 10:06 pm
Property Features for 108 N Lake Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- General Commercial
- Parking
- 4
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.01 Acres
Building Details
- Floors in Building
- 1
Listing agent Doug Wilkes License #61261 (803) 359-9571
Listing office Southern Visions Realty I LLC PO Box 729, Lexington, SC (803) 359-9571
Listing date Feb 4, 2026
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.
The asset is positioned near Downtown Lexington and the town’s primary business and civic core, with municipal offices, professional services, multiple restaurants, and surrounding commercial activity described as nearby. A planned hotel is also referenced in the remarks for spring 2027.
Prospective buyers are advised to verify zoning, permitted uses, utilities, and all other property details. As noted in the disclaimer, CMLS has not reviewed and does not endorse any vendors that may appear in listings.
Key Highlights
- Commercial opportunity near Downtown Lexington and the town’s primary business and civic core
- Close to municipal offices, professional services, and multiple restaurants
- Well‑suited for office or service‑oriented use, subject to zoning and approvals
Local Financial Insights For Office B
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 | $30.5k | $19.08 |
| − Vacancy | −$1.9k | −$1.20 |
| EGI | $28.6k | $17.88 |
| − OpEx | −$7.2k | −$4.47 |
| NOI | $21.5k | $13.41 |