2040 S Lake Drive Lexington, SC 29072
COMMERCIAL - Lexington, SC
- Added:
- May 15, 2026
- Days on Market:
- 57
- Last Refresh:
- Jul 10 at 8:06 pm
Property Features for 2040 S Lake Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- ID
- Parking
- 15
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 1.07 Acres
Building Details
- Floors in Building
- 1
Listing agent Angela Cash (803) 359-9571
Listing office Southern Visions Realty I LLC PO Box 729, Lexington, SC (803) 359-9571
Listing date May 15, 2026
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The site has 110 feet of road frontage on S. Lake Drive. The public remarks indicate the property is located near major retail including Walmart, Publix, and Tractor Supply, with all retail and residential units currently occupied.
According to the listing remarks, the property is generating $105,300 in gross income at the time of listing, with all occupied retail and residential units providing opportunities for value-add.
Key Highlights
- 1.07‑acre multi‑unit property with a retail 4‑plex, 3 one‑bedroom apartments, a double‑wide, a camper, and a 2,000 SF warehouse
- Currently generating $105,300 in gross income with all occupied retail and residential units
- Retail 4‑plex includes LED signage; property has 110 ft of road frontage on S. Lake
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.8k | $9.48 |
| − Vacancy | −$6.4k | −$0.64 |
| EGI | $88.4k | $8.84 |
| − OpEx | −$13.3k | −$1.33 |
| NOI | $75.1k | $7.51 |