Office Building Near Civic
For Sale
$274,000
110 N Lake Drive, Lexington, SC 29072
COMMERCIAL/INDUSTRIAL, Lexington, SC
Property Size1,190 SF
Lot Size0.12 Acres
Price / SF$230.25
Days on Market275
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
0.12 Acres
Building Details
Floors in Building
1
Listing Agency:
Southern Visions Realty I LLC
Listed By:
Doug Wilkes · License #61261
(803) 359-9571
Added: Feb 3
Changed: Oct 2
Last Checked: Nov 4 at 12:06AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,190-square-foot office building offers a compact commercial footprint in Lexington. The property is zoned General Commercial, and its scale may support office or service-oriented operations subject to applicable approvals.
The site is positioned near Downtown Lexington and the community’s central business and civic area. Municipal offices, professional services, restaurants, and other commercial activity are located nearby, providing a setting oriented toward business and service uses.
The site is positioned near Downtown Lexington and the community’s central business and civic area. Municipal offices, professional services, restaurants, and other commercial activity are located nearby, providing a setting oriented toward business and service uses.
Key Highlights
- 1,190‑square‑foot office building
- 0.12‑acre property
- General Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,956
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,120
$319.1K
Cap Rate 7%
$227,943
$227.9K
Cap Rate 9%
$177,289
$177.3K
Market Conditions
NOI Build-Up for 1,190 SF
Gross rent
$22.7K $19.08/SF
− Vacancy
−$1.4K −$1.20/SF
EGI
$21.3K $17.88/SF
− OpEx
−$5.3K −$4.47/SF
NOI
$16.0K $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%
$319,120
Cap Rate 7%
$227,943
Cap Rate 9%
$177,289
Alternative Uses
Best Use
Office B
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.6K
$279.7K – $372.9K
NOI $22,372 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Compact commercial building suited to office or service-oriented use under General Commercial zoning.
Where is this office building located?
The property is located at 110 N Lake Drive Lexington, SC.
What is the asking price?
The asking price for this property is $274,000.
What are key features of this property?
This property features: 1,190‑square‑foot office building; 0.12‑acre property; General Commercial zoning
