General Commercial Office
For Sale
$325,000
108 N Lake Drive, Lexington, SC 29072
COMMERCIAL/INDUSTRIAL, Lexington, SC
Property Size1,600 SF
Lot Size0.12 Acres
Price / SF$203.13
Days on Market251
Property Features for 108 N Lake Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
General Commercial
Parking
4
Directions
W. Main Street to North Lake or Hwy 378 to North Lake
Subdivision
Lexington and surrounding area
Standard status
Active
Size
1,600 SF
Lot size
0.12 Acres
Building Details
Floors in Building
1
Listing Agency:
Southern Visions Realty I LLC
(803) 359-9571
Listed By:
Doug Wilkes · License #61261
(803) 903-5263
Added: Feb 4
Changed: Oct 2
Last Checked: Oct 13 at 10:06PM
MLS# 626229
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 1,600-square-foot office unit occupies a 0.12-acre parcel and carries General Commercial zoning. The property is positioned for office or service-oriented use, subject to applicable zoning requirements and approvals.
The site is near Downtown Lexington and the town’s central business and civic area, with municipal offices, professional services, restaurants, and other commercial activity nearby.
The site is near Downtown Lexington and the town’s central business and civic area, with municipal offices, professional services, restaurants, and other commercial activity nearby.
Key Highlights
- 1,600‑square‑foot office unit
- 0.12‑acre parcel
- General Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,454
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,080
$429.1K
Cap Rate 7%
$306,486
$306.5K
Cap Rate 9%
$238,378
$238.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$30.5K $19.08/SF
− Vacancy
−$1.9K −$1.20/SF
EGI
$28.6K $17.88/SF
− OpEx
−$7.2K −$4.47/SF
NOI
$21.5K $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 Rate 5%
$429,080
Cap Rate 7%
$306,486
Cap Rate 9%
$238,378
Alternative Uses
Best Use
Office B
$306.5K
$268.2K – $357.6K
NOI $21,454 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.7K
$376.0K – $501.3K
NOI $30,080 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 29072, SC
65,060
Population
26,951
Households
2.4
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
68.0 sq mi
ZIP Area
957
Density / Sq Mi
$103,415
Median Household Income
$55,500
Median Earnings
$1,317
Median Rent
$304,200
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 South region
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Frequently Asked Questions
What type of property is this?
Office units - Compact office property in a commercially active area near civic offices, professional services, restaurants, and Downtown Lexington.
Where is this office units located?
The property is located at 108 N Lake Drive Lexington, SC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,600‑square‑foot office unit; 0.12‑acre parcel; General Commercial zoning
