Leased Office Condo with Lake
1836 N Lake Dr, Lexington, SC 29072
For Sale
Contact for pricing
Fully leased corner office condo with Lake Murray views and abundant natural light.
Property Size2,029 SF
Price / SF$254.75
Days on Market98
Property Features for 1836 N Lake Dr
General Information
Standard status
Size
Property subtype
Occupancy
Building Details
Tenancy
Listing Agency:
ERA Wilder Realty Inc. - Columbia
(803) 728-8400
Listed By:
David Brock · License SC #58004
(803) 312-1908
Source:
Moodyscre
Added: Aug 5
Changed: Nov 9
Last Checked: Nov 8 at 7:50AM
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 Inc. - Columbia
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Investment Insights
Based on property information with market context.
This 2,029-square-foot office condo is fully leased to a national tenant and offered for sale as an income-producing office asset. The corner configuration brings substantial natural light into the space, while views of Lake Murray add a distinctive setting. Interior improvements include high-end finishes.
The property is located at 1836 N Lake Dr in Lexington, between Irmo and Lexington. Its office configuration, existing lease status, lake views, and finished interior make it a clearly defined commercial property for consideration by office investors.
The property is located at 1836 N Lake Dr in Lexington, between Irmo and Lexington. Its office configuration, existing lease status, lake views, and finished interior make it a clearly defined commercial property for consideration by office investors.
Key Highlights
- Fully leased office condo with a national tenant
- 2,029 square feet of office space
- Corner position provides abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,206
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,120
$544.1K
Cap Rate 7%
$388,657
$388.7K
Cap Rate 9%
$302,289
$302.3K
Market Conditions
NOI Build-Up for 2,029 SF
Gross rent
$38.7K $19.08/SF
− Vacancy
−$2.4K −$1.20/SF
EGI
$36.3K $17.88/SF
− OpEx
−$9.1K −$4.47/SF
NOI
$27.2K $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%
$544,120
Cap Rate 7%
$388,657
Cap Rate 9%
$302,289
Alternative Uses
Best Use
Office B
$388.7K
$340.1K – $453.4K
NOI $27,206 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.9K
$476.8K – $635.8K
NOI $38,145 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
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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
$304,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Lexington, SC
Properties on Market for Office Units in Lexington
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Fully leased corner office condo with Lake Murray views and abundant natural light.
Where is this office unit located?
The property is located at 1836 N Lake Dr Lexington, SC.
What is the asking price?
The asking price for this property is $516,880.
What are key features of this property?
This property features: Fully leased office condo with a national tenant; 2,029 square feet of office space; Corner position provides abundant natural light
