Office Unit Near Civic
For Sale
$299,000
110 N Lake Drive, Lexington, SC 29072
COMMERCIAL - Lexington, SC
Property Size1,190 SF
Lot Size0.01 Acres
Price / SF$251.26
Days on Market183
Property Features for 110 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
1,190 SF
Lot size
0.01 Acres
Building Details
Floors in Building
1
Listing Agency:
Southern Visions Realty I LLC
(803) 359-9571
Listed By:
Doug Wilkes · License #61261
(803) 359-9571
Added: Feb 3
Changed: Aug 4
Last Checked: Aug 5 at 7:06PM
MLS# 626186
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 1,190-square-foot office unit is located in Lexington and designated General Commercial. The property is suited to office or service-oriented operations, subject to applicable zoning requirements and approvals.
Its setting places the unit near Downtown Lexington and the area’s central business and civic functions. Municipal offices, professional service providers, restaurants, and other commercial activity are located nearby, providing a range of surrounding business uses and services.
Its setting places the unit near Downtown Lexington and the area’s central business and civic functions. Municipal offices, professional service providers, restaurants, and other commercial activity are located nearby, providing a range of surrounding business uses and services.
Key Highlights
- 1,190‑square‑foot office unit
- General Commercial zoning
- Near Downtown Lexington and the central civic and business area
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 | $22.7k | $19.08 |
| − Vacancy | −$1.4k | −$1.20 |
| EGI | $21.3k | $17.88 |
| − OpEx | −$5.3k | −$4.47 |
| NOI | $16.0k | $13.41 |
1,190 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.6K
$279.7K – $372.9K
NOI $22,372 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
845
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office unit positioned near municipal offices, professional services, restaurants, and established commercial activity.
Where is this office units located?
The property is located at 110 N Lake Drive Lexington, SC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,190‑square‑foot office unit; General Commercial zoning; Near Downtown Lexington and the central civic and business area
