Building Details

Building Size 1,000 SF

Buildings 1

Listing Agency: ERA Wilder Realty Show Phone

Listed By: Mark Woody · License #86952 Show Phone

Source: Blackstreaminternational

Added: Sep 1 Changed: Oct 25 Last Checked: Oct 26 at 3:26PM

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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 ERA Wilder Realty

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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.

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 / Yr

$13,408

Cap Rate

5.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$268,160 $268.2K

Cap Rate 7%

$191,543 $191.5K

Cap Rate 9%

$148,978 $149.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,000 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $18,800 @ 7.0% cap · market cap 7.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store HVAC Service Storage Facility Garden Center

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

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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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