Office Unit with Large
New
For Sale
Contact for pricing
203 West Main Street F5, Lexington, SC 29072
Shared building facilities include a conference room, kitchenette, waiting area, restrooms and internet availability.
Property Size278 SF
Price / SF$3.59
Days on Market2
Property Features for 203 West Main Street F5
General Information
Standard status
Active
Size
278 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
5
Amenities
conference room
break rooms/kitchenette
waiting room
restrooms
internet availability
Building Details
Building Size
278 SF
Year Built
2010
Listing Agency:
Southern Visions Realty I LLC
Listed By:
Stephanie Couch · License #64591
(803) 315-9926
Source:
Svrealty
Added: Oct 16
Last Checked: Oct 16 at 2:31PM
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 office unit offers 278 square feet of workspace, with large windows that bring natural light into the interior. The building was constructed in 2010 and has elevator access for people with disabilities.
Building amenities include a conference room, break rooms with a kitchenette, a waiting room, restrooms and internet availability.
Building amenities include a conference room, break rooms with a kitchenette, a waiting room, restrooms and internet availability.
Key Highlights
- 278‑square‑foot office unit
- Large windows provide natural light
- Elevator access for people with disabilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,728
Suggested Prices Based on Cap Rates
Cap Rate 5%
$74,560
$74.6K
Cap Rate 7%
$53,257
$53.3K
Cap Rate 9%
$41,422
$41.4K
Market Conditions
NOI Build-Up for 278 SF
Gross rent
$5.3K $19.08/SF
− Vacancy
−$334 −$1.20/SF
EGI
$5.0K $17.88/SF
− OpEx
−$1.2K −$4.47/SF
NOI
$3.7K $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%
$74,560
Cap Rate 7%
$53,257
Cap Rate 9%
$41,422
Alternative Uses
Best Use
Office B
$53.3K
$46.6K – $62.1K
NOI $3,728 @ 7.0% cap · market cap 373.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$74.7K
$65.3K – $87.1K
NOI $5,226 @ 7.0% cap · market cap 524.17%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Shared building facilities include a conference room, kitchenette, waiting area, restrooms and internet availability.
Where is this office units located?
The property is located at 203 West Main Street F5 Lexington, SC.
What are key features of this property?
This property features: 278‑square‑foot office unit; Large windows provide natural light; Elevator access for people with disabilities
