Building Details

Building Size 6,464 SF

Listing Agency: Trinity Partners | Columbia

Listed By: Macon Lovelace, SIOR Show Phone

Source: Trinity-partners

Added: Jul 17 Changed: Oct 8 Last Checked: Oct 7 at 9:13AM

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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 flex building totals 6,464 SF and includes 1,500 SF of office space along with the remaining warehouse flex area. The property offers one dock well and two drive-in doors to support a mixed operational layout.

An exterior fenced-in laydown yard is included for equipment storage or material handling needs.

The combination of office space and warehouse flex improvements makes the building suitable for users seeking functional space for both administrative and operational activity in one facility.

Key Highlights

• 6,464 SF flex building available for sale
• Includes 1,500 SF office space plus the balance warehouse flex space
• Warehouse has 1 dock well and 2 drive‑in doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,545

Cap Rate

6.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$970,900 $970.9K

Cap Rate 7%

$693,500 $693.5K

Cap Rate 9%

$539,389 $539.4K

Market Conditions

NOI Build-Up for 6,464 SF

Gross rent

$61.3K $9.48/SF

− Vacancy

−$4.2K −$0.64/SF

EGI

$57.1K $8.84/SF

− OpEx

−$8.6K −$1.33/SF

NOI

$48.5K $7.51/SF

Area

Lexington County, SC

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$970,900

Cap Rate 7%

$693,500

Cap Rate 9%

$539,389

Alternative Uses

Best Use

Office B

$1.24M

$1.08M – $1.44M (±1% cap)

NOI $86,672 @ 7.0% cap · market cap 11.56%

Second Best

Warehouse

$693.5K

$606.8K – $809.1K (±1% cap)

NOI $48,545 @ 7.0% cap · market cap 6.47%

Theoretical Best

Office A

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,523 @ 7.0% cap · market cap 16.20%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Stainless Fabricators Inc Industrial Manufacturer

Suggested Use

Top Pick Pharmacy Restaurant Auto Parts Store Computer & Electronic Repair Big Box & Wholesale Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Dock-high doors

2

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

562

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 29072, SC

65,060

Population

26,951

Households

2.4

Avg Household Size

39

Median Age

48%

College-Educated

96%

High-School Grad

68.0 sq mi

ZIP Area

957

Density / Sq Mi

$103,415

Median Household Income

$55,500

Median Earnings

$1,317

Median Rent

$304,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flex building for sale with office and warehouse space, plus a dock well, drive-in doors, and a fenced laydown yard.

Where is this flex space located?

The property is located at 243 Swartz Road Lexington, SC.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 6,464 SF flex building available for sale; Includes 1,500 SF office space plus the balance warehouse flex space; Warehouse has 1 dock well and 2 drive‑in doors