Office Building with Reception and Conference
For Sale
Contact for pricing
Pending
5078 Sunset Blvd, Lexington, SC 29072
High-visibility office building across from Target featuring a reception area, conference room, and on-site surface parking.
Property Size4,968 SF
Days on Market674
Property Features for 5078 Sunset Blvd
General Information
Standard status
Pending
Size
4,968 SF
Total Parking Spaces
102
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
ERA Wilder Realty Inc. - Columbia
(803) 728-8400
Listed By:
David Brock · License #58004
(803) 312-1908
Source:
Moodyscre
Added: Nov 12, 2024
Changed: Sep 12
Last Checked: Sep 16 at 9:11PM
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 ERA Wilder Realty Inc. - Columbia
Investment Insights
Based on property information with market context.
This office building offers a practical layout for professional use, including a sized reception area, nineteen individual offices, several work areas, and a conference room. The interior also includes men’s and women’s restrooms plus a storage room, along with an unfinished basement totaling 2,484 SF. Total building size is 4,968 SF.
The property is located on US Highway 378 across from Target, offering strong visibility. Public remarks cite a 32,281 traffic count in 2018 on Sunset Blvd. On-site parking is available with 102 surface parking spaces. Access is supported by nearby interstates and regional amenities, including being 3.3 miles from I-20 and 8.6 miles from Columbia Metropolitan Airport.
Additional proximity notes include an approximate 7 minutes / 4.8 miles to Lexington Medical Center, supporting convenience for both staff and visitors.
The property is located on US Highway 378 across from Target, offering strong visibility. Public remarks cite a 32,281 traffic count in 2018 on Sunset Blvd. On-site parking is available with 102 surface parking spaces. Access is supported by nearby interstates and regional amenities, including being 3.3 miles from I-20 and 8.6 miles from Columbia Metropolitan Airport.
Additional proximity notes include an approximate 7 minutes / 4.8 miles to Lexington Medical Center, supporting convenience for both staff and visitors.
Key Highlights
- Across from Target on US Highway 378
- 32,281 traffic count in 2018 on Sunset Blvd
- 102 surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,613
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,332,260
$1.3M
Cap Rate 7%
$951,614
$951.6K
Cap Rate 9%
$740,144
$740.1K
Market Conditions
NOI Build-Up for 4,968 SF
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.
Gross rent
$94.8K $19.08/SF
− Vacancy
−$6.0K −$1.20/SF
EGI
$88.8K $17.88/SF
− OpEx
−$22.2K −$4.47/SF
NOI
$66.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,332,260
Cap Rate 7%
$951,614
Cap Rate 9%
$740,144
Alternative Uses
Best Use
Office B
$951.6K
$832.7K – $1.11M
NOI $66,613 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,398 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
391
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - High-visibility office building across from Target featuring a reception area, conference room, and on-site surface parking.
Where is this office building located?
The property is located at 5078 Sunset Blvd Lexington, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Across from Target on US Highway 378; 32,281 traffic count in 2018 on Sunset Blvd; 102 surface parking spaces
