Building Details

Building Size 8,681 SF

Year Built 2008

Listing Agency: Wilson Kibler

Listed By: Julian Wilson · License #57962 Show Phone

Source: Commercialcafe

Added: Aug 25 Changed: Oct 4 Last Checked: Oct 5 at 3:31PM

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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 Wilson Kibler

Investment Insights

Based on property information with market context.

This flex property combines approximately 4,863 square feet of office area with approximately 3,818 square feet of warehouse space. The improvements were constructed in 2008 and are situated on approximately 0.83 acres, providing a blended office-industrial configuration within a single asset.

Located at 2240 Frink St in Cayce, South Carolina, the property is identified within the Cayce/West Columbia market and Lexington County. M-1 Light Industrial zoning supports its classification as a flex-oriented commercial property.

Key Highlights

• ±4,863 SF of office space
• ±3,818 SF warehouse area
• ±0.83 AC property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,205

Cap Rate

5.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,304,100 $1.3M

Cap Rate 7%

$931,500 $931.5K

Cap Rate 9%

$724,500 $724.5K

Market Conditions

NOI Build-Up for 4,863 SF

Gross rent

$92.8K $19.08/SF

− Vacancy

−$5.8K −$1.20/SF

EGI

$86.9K $17.88/SF

− OpEx

−$21.7K −$4.47/SF

NOI

$65.2K $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%

$1,304,100

Cap Rate 7%

$931,500

Cap Rate 9%

$724,500

Alternative Uses

Best Use

Office B

$931.5K

$815.1K – $1.09M (±1% cap)

NOI $65,205 @ 7.0% cap · market cap 5.43%

Second Best

Warehouse

$521.7K

$456.5K – $608.7K (±1% cap)

NOI $36,521 @ 7.0% cap · market cap 3.04%

Theoretical Best

Office A

$1.31M

$1.14M – $1.52M (±1% cap)

NOI $91,424 @ 7.0% cap · market cap 7.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon

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

Location Intelligence

Trade Area within ½ mile

201

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 29033, SC

12,575

Population

6,873

Households

1.8

Avg Household Size

36

Median Age

31%

College-Educated

94%

High-School Grad

10.0 sq mi

ZIP Area

1,258

Density / Sq Mi

$57,524

Median Household Income

$37,629

Median Earnings

$1,342

Median Rent

$156,400

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

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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 - Mixed office and warehouse improvements support a range of light industrial business operations.

Where is this flex space located?

The property is located at 2240 Frink St Cayce, 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: ±4,863 SF of office space; ±3,818 SF warehouse area; ±0.83 AC property