Listing Agency: Wilson Kibler | Columbia Show Phone

Listed By: Julian Wilson · License #57962 Show Phone

Source: Moodyscre

Added: May 20, 2025 Changed: Oct 25 Last Checked: Oct 28 at 11:51AM

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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 Wilson Kibler | Columbia

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Investment Insights

Based on property information with market context.

This property features approximately 4,849 square feet of office space and approximately 4,236 square feet of warehouse space. The property is situated on approximately 0.83 acres and is zoned M-1 Light Industrial.

Key Highlights

• ±4,849 SF Office and ±4,236 SF Warehouse space provides versatile usage.
• M‑1 Light Industrial Zoning allows for a variety of business operations.
• ±0.83 AC lot size provides ample space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,042

Cap Rate

5.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,340,840 $1.3M

Cap Rate 7%

$957,743 $957.7K

Cap Rate 9%

$744,911 $744.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$95.4K $19.08/SF

− Vacancy

−$6.0K −$1.20/SF

EGI

$89.4K $17.88/SF

− OpEx

−$22.3K −$4.47/SF

NOI

$67.0K $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%

$1,340,840

Cap Rate 7%

$957,743

Cap Rate 9%

$744,911

Alternative Uses

Best Use

Office B

$957.7K

$838.0K – $1.12M (±1% cap)

NOI $67,042 @ 7.0% cap · market cap 5.59%

Second Best

Warehouse

$536.4K

$469.4K – $625.8K (±1% cap)

NOI $37,550 @ 7.0% cap · market cap 3.13%

Theoretical Best

Office A

$1.34M

$1.18M – $1.57M (±1% cap)

NOI $94,000 @ 7.0% cap · market cap 7.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

201

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Office and warehouse property for sale with light industrial zoning.

Where is this warehouse located?

The property is located at 2236 Frink St Cayce, SC.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: ±4,849 SF Office and ±4,236 SF Warehouse space provides versatile usage.; M‑1 Light Industrial Zoning allows for a variety of business operations.; ±0.83 AC lot size provides ample space.