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    200 Rich Lex Dr Lexington, SC 29072

    For Sale
    $2,333,333

    17,500 SF industrial building on 5.5 acres for sale.

    Property size:
    17,500 SF
    Lot size:
    1.98 Acres

    Property Features for 200 Rich Lex Dr

    General Information

    Size
    17,500 SF
    Lot size
    1.98 Acres

    Source: Trinity Partners | Columbia Agent Nick Stomski, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Building on 5.5 Acres

    This is a 17,500 square foot industrial building constructed in 1985. It is situated on approximately 5.5 acres and zoned for Intensive Development (ID). The property includes 35 parking spaces, with additional overflow parking available on site. The property is 100% heated and cooled. The base rent or net operating income is $140,000 for the first year. The lease type is NNN with a base lease term of 7 years, commencing in November 2024 and expiring in November 2031. There are two 5-year renewal options available. Rent increases are set at 3.5% annually. The purchase cap rate is 6%, with an average cap rate of 6.6%.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Storage Sense - Lexington, Master Vault, Shred With Us

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1394128
    Latitude
    34.0203245

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    FAQs

    What type of property is this?
    Warehouse - 17,500 SF industrial building on 5.5 acres for sale.
    Where is this warehouse located?
    The property is located at 200 Rich Lex Dr Lexington, SC.
    What is the asking price?
    The asking price for this property is $2,333,333.
    What are key features of this property?
    This property features: - Stable Income Stream: $140,000 Net Operating Income (NOI) in Year 1 with a NNN lease structure.; - Significant Land Parcel: Situated on a large ±5.5 acre site.; - Long-Term Lease: 7-year base lease term with commencement in November 2024 and expiration in November 2031.
    (803) 567-1447
    Request Owner's contact information
    200 Rich Lex Dr Lexington, SC 29072
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    200 Rich Lex Dr
    Lexington, SC 29072
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Rich Lex Dr Lexington, SC 29072
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