Landscaped Office
For Sale
$385,000
109A Vista Oaks Dr, Lexington, SC 29072
Flexible office property with on-site parking and access to major regional routes.
Property Size1,678 SF
Price / SF$229.44
Days on Market214
Property Features for 109A Vista Oaks Dr
General Information
Standard status
Active
Size
1,678 SF
Additional Details
Highway Access
Yes
Listing Agency:
Southern Visions Realty I LLC
Listed By:
Angela Cash · License #133081
(803) 957-5566
Source:
Exprealty
Added: Feb 4
Changed: Sep 5
Last Checked: Sep 5 at 2:44PM
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 Southern Visions Realty I LLC
Investment Insights
Based on property information with market context.
This 1,678-square-foot office building is located within the Vista Oaks office park and offers a flexible layout for medical, legal, accounting, or general office use. The property includes on-site parking, landscaped surroundings, visibility, and convenient ingress and egress.
Access to Highway 378 and I-20 connects the building with Lexington, Columbia, and surrounding submarkets. Downtown Lexington, retail, dining, and service businesses are minutes away, while nearby medical, professional, and service-oriented users contribute to an established office setting.
Access to Highway 378 and I-20 connects the building with Lexington, Columbia, and surrounding submarkets. Downtown Lexington, retail, dining, and service businesses are minutes away, while nearby medical, professional, and service-oriented users contribute to an established office setting.
Key Highlights
- 1,678‑square‑foot office building in the Vista Oaks office park
- Flexible layout suited to medical, legal, accounting, or general office use
- On‑site parking with convenient ingress and egress
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
$22,499
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
5.84%
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%
$449,980
$450.0K
Cap Rate 7%
$321,414
$321.4K
Cap Rate 9%
$249,989
$250.0K
Market Conditions
NOI Build-Up for 1,678 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
$32.0K $19.08/SF
− Vacancy
−$2.0K −$1.20/SF
EGI
$30.0K $17.88/SF
− OpEx
−$7.5K −$4.47/SF
NOI
$22.5K $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 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%
$449,980
Cap Rate 7%
$321,414
Cap Rate 9%
$249,989
Alternative Uses
Best Use
Office B
$321.4K
$281.2K – $375.0K
NOI $22,499 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.7K
$394.3K – $525.8K
NOI $31,546 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
117
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office property with on-site parking and access to major regional routes.
Where is this office building located?
The property is located at 109A Vista Oaks Dr Lexington, SC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,678‑square‑foot office building in the Vista Oaks office park; Flexible layout suited to medical, legal, accounting, or general office use; On‑site parking with convenient ingress and egress
