Mixed-Use Property with
For Sale
Contact for pricing
2040 S Lake Dr, Lexington, SC 29073
ID-zoned site combines retail, office, apartment, and warehouse components across a 1.5-acre property.
Property Size8,166 SF
Lot Size1.50 Acres
Price / SF$91.84
Days on Market506
Property Features for 2040 S Lake Dr
General Information
Standard status
Active
Size
8,166 SF
Lot size
1.50 Acres
Property subtype
Land, Mixed Use, Multifamily, Office, Retail
Zoning
ID
Investment Type
Value Add
Net Operating Income
$88,278
Financials
Cap Rate
11.84%
Business Included
Yes
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Building Details
Year Built
1978
Buildings
7
Listing Agency:
Southern Visions Real Estate
Listed By:
Angela Cash · License #133081
(803) 957-5566
Source:
Crexi
Added: May 27, 2025
Changed: Oct 7
Last Checked: Oct 12 at 6:09PM
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 Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property at 2040 S Lake Dr includes land, a retail and office building, fourplex-style residential space, a warehouse, a camper, and a double-wide. The residential component includes three one-bedroom apartments. The warehouse measures 26 by 76 feet, and the property was built in 1978.
The 1.5-acre site is zoned ID, or Intensive Development, supporting commercial and light industrial uses. The sale includes the building, land, and operating businesses. A reported 11.84% cap rate reflects the property's income-producing configuration. Prominent street signage and a corner-site position are also part of the property profile.
The 1.5-acre site is zoned ID, or Intensive Development, supporting commercial and light industrial uses. The sale includes the building, land, and operating businesses. A reported 11.84% cap rate reflects the property's income-producing configuration. Prominent street signage and a corner-site position are also part of the property profile.
Key Highlights
- 1.5‑acre mixed‑use property at 2040 S Lake Dr, Lexington, SC 29073
- ID zoning, designated Intensive Development
- Includes retail and office building, residential units, warehouse, camper, and double‑wide
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,327
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,540
$1.2M
Cap Rate 7%
$876,100
$876.1K
Cap Rate 9%
$681,411
$681.4K
Market Conditions
NOI Build-Up for 8,166 SF
Gross rent
$77.4K $9.48/SF
− Vacancy
−$5.3K −$0.64/SF
EGI
$72.1K $8.84/SF
− OpEx
−$10.8K −$1.33/SF
NOI
$61.3K $7.51/SF
Area
Lexington County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,540
Cap Rate 7%
$876,100
Cap Rate 9%
$681,411
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.82M
NOI $109,494 @ 7.0% cap · market cap 14.60%
Second Best
Mixed Use
$1.21M
$1.06M – $1.41M
NOI $84,518 @ 7.0% cap · market cap 11.27%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,521 @ 7.0% cap · market cap 20.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 29073, SC
48,653
Population
20,239
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
81.8 sq mi
ZIP Area
595
Density / Sq Mi
$72,648
Median Household Income
$45,050
Median Earnings
$1,046
Median Rent
$198,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - ID-zoned site combines retail, office, apartment, and warehouse components across a 1.5-acre property.
Where is this mixed-use property located?
The property is located at 2040 S Lake Dr Lexington, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1.5‑acre mixed‑use property at 2040 S Lake Dr, Lexington, SC 29073; ID zoning, designated Intensive Development; Includes retail and office building, residential units, warehouse, camper, and double‑wide
