Flex Space with Loading
For Sale
Contact for pricing
1573 & 1579 S Lake Drive, Lexington, SC 29073
Includes office, showroom, warehouse, and covered loading areas for a versatile commercial configuration.
Property Size3,000 SF
Lot Size3.61 Acres
Price / SF$283.33
Days on Market174
Property Features for 1573 & 1579 S Lake Drive
General Information
Standard status
Active
Size
3,000 SF
Lot size
3.61 Acres
Property subtype
Retail, Office, Industrial
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
1,000 SF
Office Build-Out
2,000 SF
Amenities
Security System
Listing Agency:
Wilson Kibler
Listed By:
William A. "Bill" Bunch · License #SC #4720
(803) 255-8609
Source:
Crexi
Added: May 8
Changed: Oct 26
Last Checked: Oct 28 at 7:01AM
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
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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 flex property at 1573 S Lake Dr combines approximately 2,000 SF of office and showroom space with approximately 1,000 SF of warehouse area. The layout includes a covered loading dock, a security system, and city water service. The overall building area is approximately 3,000 SF.
The property encompasses approximately 3.61 AC, providing a substantial outdoor area that can accommodate storage or a lay-down yard. Its Lexington, SC 29073 location and combined office, showroom, and warehouse configuration offer a practical format for commercial operations requiring both finished space and warehouse capacity.
The property encompasses approximately 3.61 AC, providing a substantial outdoor area that can accommodate storage or a lay-down yard. Its Lexington, SC 29073 location and combined office, showroom, and warehouse configuration offer a practical format for commercial operations requiring both finished space and warehouse capacity.
Key Highlights
- Approximately ±3.61 AC
- Approximately ±2,000 SF of office/showroom space
- Approximately ±1,000 SF warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,225
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,500
$804.5K
Cap Rate 7%
$574,643
$574.6K
Cap Rate 9%
$446,944
$446.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$57.2K $19.08/SF
− Vacancy
−$3.6K −$1.20/SF
EGI
$53.6K $17.88/SF
− OpEx
−$13.4K −$4.47/SF
NOI
$40.2K $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%
$804,500
Cap Rate 7%
$574,643
Cap Rate 9%
$446,944
Alternative Uses
Best Use
Office B
$574.6K
$502.8K – $670.4K
NOI $40,225 @ 7.0% cap · market cap 4.73%
Second Best
Warehouse
$321.9K
$281.6K – $375.5K
NOI $22,530 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$805.7K
$705.0K – $940.0K
NOI $56,400 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29073, SC
48,653
Population
20,239
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
81.8 sq mi
ZIP Area
595
Density / Sq Mi
$72,648
Median Household Income
$45,050
Median Earnings
$1,046
Median Rent
$198,100
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?
Flex space - Includes office, showroom, warehouse, and covered loading areas for a versatile commercial configuration.
Where is this flex space located?
The property is located at 1573 & 1579 S Lake Drive Lexington, SC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately ±3.61 AC; Approximately ±2,000 SF of office/showroom space; Approximately ±1,000 SF warehouse
