Office Building with
New
For Sale
$250,000
1771 Airport Boulevard, Cayce, SC 29033
Commercial office property with on-site parking and additional land area for future expansion.
Property Size1,000 SF
Lot Size0.44 Acres
Price / SF$250
Days on Market6
Property Features for 1771 Airport Boulevard
General Information
Standard status
Active
Size
1,000 SF
Lot size
0.44 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
Public
Other
Listed on 2026-09-01
10 parking spaces
1,000 gross square footage, Built in 1980, Construction: Brick
County: Lexington, Geo Latitude: 33.962848, Geo Longitude: -81.085477
Zoning: Commercial
Building Details
Building Size
1,000 SF
Buildings
1
Listing Agency:
ERA Wilder Realty
(803) 356-2455
Listed By:
Mark Woody
(864) 920-0303
Source:
Blackstreaminternational
Added: Sep 1
Changed: Sep 6
Last Checked: Sep 6 at 7:21AM
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
Investment Insights
Based on property information with market context.
This office property includes a 1,000 sq ft building situated on a .44-acre parcel. The existing structure is suited to office use or a small business operation, with on-site parking serving the building.
The property is located on Airport Boulevard in Cayce, SC, providing a commercial setting with land area beyond the existing building. The parcel also offers space for potential expansion, subject to applicable approvals and site requirements.
The property is located on Airport Boulevard in Cayce, SC, providing a commercial setting with land area beyond the existing building. The parcel also offers space for potential expansion, subject to applicable approvals and site requirements.
Key Highlights
- 1,000 sq ft building on a .44‑acre parcel
- Located on Airport Boulevard in Cayce, SC 29033
- On‑site parking included
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
$13,408
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
5.36%
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%
$268,160
$268.2K
Cap Rate 7%
$191,543
$191.5K
Cap Rate 9%
$148,978
$149.0K
Market Conditions
NOI Build-Up for 1,000 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
$19.1K $19.08/SF
− Vacancy
−$1.2K −$1.20/SF
EGI
$17.9K $17.88/SF
− OpEx
−$4.5K −$4.47/SF
NOI
$13.4K $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%
$268,160
Cap Rate 7%
$191,543
Cap Rate 9%
$148,978
Alternative Uses
Best Use
Office B
$191.5K
$167.6K – $223.5K
NOI $13,408 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.6K
$235.0K – $313.3K
NOI $18,800 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
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
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 - Commercial office property with on-site parking and additional land area for future expansion.
Where is this office building located?
The property is located at 1771 Airport Boulevard Cayce, SC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,000 sq ft building on a .44‑acre parcel; Located on Airport Boulevard in Cayce, SC 29033; On‑site parking included
