Office Unit with Shared
New
For Sale
Contact for pricing
203 West Main Street A3, Lexington, SC 29072
A compact office suite has access to building conference, kitchen, and waiting areas, along with internet availability.
Property Size157 SF
Price / SF$3.78
Days on Market3
Property Features for 203 West Main Street A3
General Information
Standard status
Active
Size
157 SF
Elevators
Yes
Property subtype
Office
Amenities
conference room
break rooms/kitchenette
waiting room
restrooms
internet availability
Building Details
Building Size
157 SF
Year Built
2010
Listing Agency:
Southern Visions Realty I LLC
Listed By:
Stephanie Couch · License #64591
(803) 315-9926
Source:
Svrealty
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:18AM
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 Realty I LLC
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Investment Insights
Based on property information with market context.
This 157-square-foot office unit is in a building completed in 2010. Shared facilities include a conference room, break rooms with kitchenette, a waiting room, and restrooms. Internet service is available, and the unit has direct elevator exposure to support accessibility.
The office is at 203 West Main Street A3 in Lexington, South Carolina.
The office is at 203 West Main Street A3 in Lexington, South Carolina.
Key Highlights
- 157‑square‑foot office unit
- Building completed in 2010
- Shared conference room, break rooms with kitchenette, waiting room, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,105
Suggested Prices Based on Cap Rates
Cap Rate 5%
$42,100
$42.1K
Cap Rate 7%
$30,071
$30.1K
Cap Rate 9%
$23,389
$23.4K
Market Conditions
NOI Build-Up for 157 SF
Gross rent
$3.0K $19.08/SF
− Vacancy
−$189 −$1.20/SF
EGI
$2.8K $17.88/SF
− OpEx
−$702 −$4.47/SF
NOI
$2.1K $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%
$42,100
Cap Rate 7%
$30,071
Cap Rate 9%
$23,389
Alternative Uses
Best Use
Office B
$30.1K
$26.3K – $35.1K
NOI $2,105 @ 7.0% cap · market cap 354.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$42.2K
$36.9K – $49.2K
NOI $2,952 @ 7.0% cap · market cap 496.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
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
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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?
Office units - A compact office suite has access to building conference, kitchen, and waiting areas, along with internet availability.
Where is this office units located?
The property is located at 203 West Main Street A3 Lexington, SC.
What are key features of this property?
This property features: 157‑square‑foot office unit; Building completed in 2010; Shared conference room, break rooms with kitchenette, waiting room, and restrooms
