Industrial Building on 5.5
200 Rich Lex Dr Lexington, SC
200 Rich Lex Dr, Lexington, SC, 00000
Contact for pricing
For Sale
Contact for pricing
17,500 SF industrial building on 5.5 acres for sale.
Property Size17,500 SF
Lot Size1.98 Acres
Price / SF$121.14
Days on Market468
Property Features for 200 Rich Lex Dr
General Information
- Standard status
- Active
- Size
- 17,500 SF
- Lot size
- 1.98 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Trinity Partners | Columbia
(803) 567-1447
Listed by
Nick Stomski, SIOR · License #111934
(803) 567-1447
Source
Moodyscre
Added: Apr 8, 2025 Checked: Jul 19 at 5:18 am
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 Trinity Partners | Columbia
Investment Insights
Based on property information with market context.
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%.
Key Highlights
- 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.
Local Financial Insights For Warehouse
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 | $165.9k | $9.48 |
| − Vacancy | −$11.3k | −$0.64 |
| EGI | $154.6k | $8.84 |
| − OpEx | −$23.2k | −$1.33 |
| NOI | $131.4k | $7.51 |
17,500 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.88M
$1.64M – $2.19M
NOI $131,426 @ 7.0% cap · market cap 6.20%
Second Best
Industrial
$1.55M
$1.35M – $1.80M
NOI $108,233 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,999 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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 $2,120,000.
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.
