1224 Old Cherokee Road Lexington, SC 29072
COMMERCIAL - Lexington, SC
Property Features for 1224 Old Cherokee Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Restrictive Development
- Parking
- 30
- Standard status
- Active
- Size
- 9,081 SF
- Lot size
- 2.13 Acres
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
Listing agent Doug Wilkes License #61261 (803) 359-9571
Listing office Southern Visions Realty I LLC PO Box 729, Lexington, SC (803) 359-9571
Listing date Jul 14, 2026
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located near US-378 and downtown Lexington, the site is positioned close to major residential growth areas. Zoning is listed as Restrictive Development.
The floor plan is described as flexible and may support continued educational use or potential conversion to uses such as medical, professional office, nonprofit, religious, or community facilities, subject to applicable approvals.
Key Highlights
- +/-9,081 SF purpose‑built educational and commercial facility designed for educational and childcare use
- Situated on +/-2.13 acres with a covered entrance and ample on‑site parking
- Interior includes reception area, administrative offices, multiple classrooms, kitchen facilities, indoor activity space, and multiple restrooms
Local Financial Insights For Healthcare Medical
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 | $173.3k | $19.08 |
| − Vacancy | −$10.9k | −$1.20 |
| EGI | $162.3k | $17.88 |
| − OpEx | −$64.9k | −$7.15 |
| NOI | $97.4k | $10.73 |