808 S Lake Dr, Lexington, SC
Office and retail space with patio near Downtown Lexington.
- Added:
- Sep 26, 2023
- Days on Market:
- 993
- Last Refresh:
- May 20 at 9:42 pm
Property Features for 808 S Lake Dr
General Information
- Standard status
- Active
- Size
- 6,087 SF
- Lot size
- 1.17 Acres
- Property subtype
- OFFICE
Listing agent John Mills License #97905
Listing office Wilson Kibler | Columbia (803) 779-8600
Listing date Sep 26, 2023
Source Moodyscre
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
HighLights
- Excellent outdoor Patio, Lawn, and Activity Space
- ±6,087 SF of Office/Retail Space (±5,613 SF in Main Building and ±474 SF Apartment)
- Situated on ± 1.58 Acres
- Just ±0.5 Miles to I‑20
- Only ± 1 mile to Downtown Lexington
- Ample Parking
Overview
Local 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 | $116.1k | $19.08 |
| − Vacancy | −$7.3k | −$1.20 |
| EGI | $108.8k | $17.88 |
| − OpEx | −$27.2k | −$4.47 |
| NOI | $81.6k | $13.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.2336
- Latitude
- 33.9669
