Office and Warehouse Investment
For Sale
Contact for pricing
2236 Frink St, Cayce, SC
Office and warehouse property for sale with light industrial zoning.
Property Size5,000 SF
Lot Size0.85 Acres
Price / SF$240
Days on Market482
Property Features for 2236 Frink St
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.85 Acres
Property subtype
OFFICE
Listing Agency:
Wilson Kibler | Columbia
(803) 779-8600
Listed By:
Julian Wilson · License #57962
(803) 255-8626
Source:
Moodyscre
Added: May 20, 2025
Changed: Aug 8
Last Checked: Sep 13 at 8:38AM
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 Wilson Kibler | Columbia
Investment Insights
Based on property information with market context.
This property features approximately 4,849 square feet of office space and approximately 4,236 square feet of warehouse space. The property is situated on approximately 0.83 acres and is zoned M-1 Light Industrial.
Key Highlights
- ±4,849 SF Office and ±4,236 SF Warehouse space provides versatile usage.
- M‑1 Light Industrial Zoning allows for a variety of business operations.
- ±0.83 AC lot size provides ample space.
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
$67,042
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
5.59%
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%
$1,340,840
$1.3M
Cap Rate 7%
$957,743
$957.7K
Cap Rate 9%
$744,911
$744.9K
Market Conditions
NOI Build-Up for 5,000 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
$95.4K $19.08/SF
− Vacancy
−$6.0K −$1.20/SF
EGI
$89.4K $17.88/SF
− OpEx
−$22.3K −$4.47/SF
NOI
$67.0K $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 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%
$1,340,840
Cap Rate 7%
$957,743
Cap Rate 9%
$744,911
Alternative Uses
Best Use
Office B
$957.7K
$838.0K – $1.12M
NOI $67,042 @ 7.0% cap · market cap 5.59%
Second Best
Warehouse
$536.4K
$469.4K – $625.8K
NOI $37,550 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,000 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Office and warehouse property for sale with light industrial zoning.
Where is this warehouse located?
The property is located at 2236 Frink St Cayce, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: ±4,849 SF Office and ±4,236 SF Warehouse space provides versatile usage.; M‑1 Light Industrial Zoning allows for a variety of business operations.; ±0.83 AC lot size provides ample space.
