Flex Building with
2073 Highway 378, Lexington, SC 29072
For Sale
$525,000
Office and work areas are arranged within one building, with well and sewer service.
Property Size3,000 SF
Price / SF$175
Days on Market270
Property Features for 2073 Highway 378
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Utilities to Site
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Automotive Uses
Real Estate Included
Property Use
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
Listed By:
Tracey Leaphart
Source:
Margaret-ann
Added: Feb 13
Changed: Nov 7
Last Checked: Nov 8 at 5:11PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1996, this flex property contains 3,000 square feet, including 1,200 square feet of office space and 1,800 square feet of warehouse or work area. The office portion has two separate offices, a reception area, and a bathroom. Warehouse access is provided by two 10-foot garage doors and one 14-foot door.
The property is at 2073 Highway 378 in Lexington, South Carolina, and is served by a well and sewer. Additional acreage lies behind the building.
The property is at 2073 Highway 378 in Lexington, South Carolina, and is served by a well and sewer. Additional acreage lies behind the building.
Key Highlights
- 3,000 square feet total: 1,200 square feet of office and 1,800 square feet of warehouse or work space
- Office area includes two offices, reception area, and bathroom
- Two 10‑foot garage doors and one 14‑foot door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,530
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,600
$450.6K
Cap Rate 7%
$321,857
$321.9K
Cap Rate 9%
$250,333
$250.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$28.4K $9.48/SF
− Vacancy
−$1.9K −$0.64/SF
EGI
$26.5K $8.84/SF
− OpEx
−$4.0K −$1.33/SF
NOI
$22.5K $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%
$450,600
Cap Rate 7%
$321,857
Cap Rate 9%
$250,333
Alternative Uses
Best Use
Warehouse
$321.9K
$281.6K – $375.5K
NOI $22,530 @ 7.0% cap · market cap 4.29%
Second Best
Industrial
$265.1K
$231.9K – $309.2K
NOI $18,554 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$805.7K
$705.0K – $940.0K
NOI $56,400 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
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
$304,200
Median Home Value
Market
Average Price Trend$/SF for Flex space in Lexington County, SC
Properties on Market for Flex space in Lexington County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and work areas are arranged within one building, with well and sewer service.
Where is this flex space located?
The property is located at 2073 Highway 378 Lexington, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,000 square feet total: 1,200 square feet of office and 1,800 square feet of warehouse or work space; Office area includes two offices, reception area, and bathroom; Two 10‑foot garage doors and one 14‑foot door
