Shop/Warehouse on 14.54
For Sale
Contact for pricing
1707 Augusta Hwy, Lexington, SC 29072
Versatile shop/warehouse with large laydown yard on 14.54 acres.
Property Size2,430 SF
Lot Size14.54 Acres
Price / SF$185.19
Days on Market175
Property Features for 1707 Augusta Hwy
General Information
Standard status
Active
Size
2,430 SF
Total Parking Spaces
20
Lot size
14.54 Acres
Property subtype
Industrial, Land, Mixed Use, Office
Building Details
Year Built
1990
Listing Agency:
Southern Visions Real Estate
(803) 238-2819
Listed By:
W. Rhett Kelly · License #SC 86844
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 9 at 2:40PM
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 Southern Visions Real Estate
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a shop/warehouse situated on 14.54 acres. The property features a functional warehouse/shop building that includes one 12’ grade-level garage door, a small office, and a restroom. The expansive acreage provides ample yard space suitable for equipment, materials, or outdoor storage. Strong access from the main roadway enhances the property's utility. The fenced-in lay-down yard offers security and supports outdoor operations. A small pond is located at the rear of the property. The property's size and features make it suitable for a range of commercial, industrial, or contractor uses, including storage, distribution, construction services, and landscaping operations. Equipment currently located in the shop, including a lift, is negotiable. Automotive repair, mechanic, or auto service uses are not permitted.
Key Highlights
- Large 14.54‑acre property suitable for various commercial/industrial uses.
- Functional warehouse/shop building with a 12’ grade‑level garage door, office, and restroom.
- Ample fenced‑in laydown yard for equipment, materials, or outdoor storage.
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
$32,583
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
7.24%
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%
$651,660
$651.7K
Cap Rate 7%
$465,471
$465.5K
Cap Rate 9%
$362,033
$362.0K
Market Conditions
NOI Build-Up for 2,430 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
$46.4K $19.08/SF
− Vacancy
−$2.9K −$1.20/SF
EGI
$43.4K $17.88/SF
− OpEx
−$10.9K −$4.47/SF
NOI
$32.6K $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%
$651,660
Cap Rate 7%
$465,471
Cap Rate 9%
$362,033
Alternative Uses
Best Use
Office B
$465.5K
$407.3K – $543.1K
NOI $32,583 @ 7.0% cap · market cap 7.24%
Second Best
Warehouse
$260.7K
$228.1K – $304.2K
NOI $18,249 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$652.6K
$571.1K – $761.4K
NOI $45,684 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Balanced
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
Questions? Ask Rey
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Similar Off Market Nearby
- Carolina Self Storage — 126 Wing Hill Dr, Lexington, SC 29072
- Covered Up Storage — 1734 W Main St, Lexington, SC 29072
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile shop/warehouse with large laydown yard on 14.54 acres.
Where is this warehouse located?
The property is located at 1707 Augusta Hwy Lexington, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Large 14.54‑acre property suitable for various commercial/industrial uses.; Functional warehouse/shop building with a 12’ grade‑level garage door, office, and restroom.; Ample fenced‑in laydown yard for equipment, materials, or outdoor storage.
