Office
For Sale
Contact for pricing
130 Whiteford Way, Lexington, SC 29072
Office property available for sale or lease within the Intensive Development zoning district.
Property Size6,640 SF
Price / SF$195.78
Days on Market1153
Property Features for 130 Whiteford Way
General Information
Standard status
Active
Size
6,640 SF
Class
A
Property subtype
Office
Building Details
Buildings
1
Units
4
Tenancy
Single
Building Size
6,640 SF
Listing Agency:
Trinity Partners
Listed By:
Ryan Causey · License #SC 111934
(803) 567-5454
Source:
Crexi
Added: Aug 22, 2023
Changed: Oct 2
Last Checked: Oct 16 at 9:34AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building contains 6,640 square feet and is offered for sale or lease. The property is located at 130 Whiteford Way in Lexington, South Carolina, just off North Lake Drive.
The site carries ID, Intensive Development zoning, providing a defined commercial land-use designation for the property.
The site carries ID, Intensive Development zoning, providing a defined commercial land-use designation for the property.
Key Highlights
- 6,640 SF office building
- Available for sale or lease
- ID, Intensive Development zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,032
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,640
$1.8M
Cap Rate 7%
$1,271,886
$1.3M
Cap Rate 9%
$989,244
$989.2K
Market Conditions
NOI Build-Up for 6,640 SF
Gross rent
$126.7K $19.08/SF
− Vacancy
−$8.0K −$1.20/SF
EGI
$118.7K $17.88/SF
− OpEx
−$29.7K −$4.47/SF
NOI
$89.0K $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 Rate 5%
$1,780,640
Cap Rate 7%
$1,271,886
Cap Rate 9%
$989,244
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $89,032 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,832 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office property available for sale or lease within the Intensive Development zoning district.
Where is this office building located?
The property is located at 130 Whiteford Way Lexington, SC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,640 SF office building; Available for sale or lease; ID, Intensive Development zoning
