Office/Retail Space with Outdoor
808 S Lake Dr Lexington, SC
For Sale
Contact for pricing
Office and retail space with patio near Downtown Lexington.
Property Size6,087 SF
Lot Size1.17 Acres
Price / SF$180.71
Days on Market1038
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 Agency:
Wilson Kibler | Columbia
(803) 255-8628
Listed By:
John Mills · License #97905
Source:
Moodyscre
Added: Sep 26, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:27AM
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 offers approximately 6,087 square feet of office and retail space, including approximately 5,613 square feet in the main building and an additional approximately 474 square feet of apartment space. Situated on approximately 1.58 acres, the property features an excellent outdoor patio, lawn, and activity space. Ample parking is available. The location is approximately one mile from Downtown Lexington and approximately 0.5 miles from I-20.
Key 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
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 |
6,087 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,617 @ 7.0% cap · market cap 7.42%
Second Best
Retail
$875.6K
$766.2K – $1.02M
NOI $61,293 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,435 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office and retail space with patio near Downtown Lexington.
Where is this office units located?
The property is located at 808 S Lake Dr Lexington, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 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
