Flex Building Near
For Sale
$650,000
239 Swartz Road, Lexington, SC 29072
Flex building totaling 5,337 SF available for sale off Hwy. 1 near downtown Lexington.
Property Size5,337 SF
Price / SF$121.79
Days on Market51
Property Features for 239 Swartz Road
General Information
Standard status
Active
Size
5,337 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
5,337 SF
Listing Agency:
Trinity Partners | Columbia
Listed By:
Macon Lovelace, SIOR
(803) 422-5060
Source:
Trinity-partners
Added: Jul 20
Changed: Sep 8
Last Checked: Aug 15 at 8:36PM
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 Trinity Partners | Columbia
Investment Insights
Based on property information with market context.
This flex building offers 5,337 SF and is available for sale. The property is identified as flex space within the industrial/warehouse commercial real estate category.
Located off Hwy. 1 near downtown Lexington, SC, the site is positioned for convenient access to the surrounding area.
The offering is presented as a 5,337 SF flex building, suitable for a range of warehouse and flex-style uses consistent with the property’s stated classification.
Located off Hwy. 1 near downtown Lexington, SC, the site is positioned for convenient access to the surrounding area.
The offering is presented as a 5,337 SF flex building, suitable for a range of warehouse and flex-style uses consistent with the property’s stated classification.
Key Highlights
- Flex building totaling 5,337 SF available for sale
- Located off Hwy. 1 near downtown Lexington
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,008
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,160
$660.2K
Cap Rate 7%
$471,543
$471.5K
Cap Rate 9%
$366,756
$366.8K
Market Conditions
NOI Build-Up for 5,337 SF
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.
Gross rent
$50.6K $9.48/SF
− Vacancy
−$3.4K −$0.64/SF
EGI
$47.2K $8.84/SF
− OpEx
−$14.1K −$2.65/SF
NOI
$33.0K $6.18/SF
Area
Lexington County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,160
Cap Rate 7%
$471,543
Cap Rate 9%
$366,756
Alternative Uses
Best Use
Industrial
$471.5K
$412.6K – $550.1K
NOI $33,008 @ 7.0% cap · market cap 5.08%
Second Best
Flex RnD
$351.1K
$307.2K – $409.6K
NOI $24,574 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,335 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Under-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
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building totaling 5,337 SF available for sale off Hwy. 1 near downtown Lexington.
Where is this flex space located?
The property is located at 239 Swartz Road Lexington, SC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Flex building totaling 5,337 SF available for sale; Located off Hwy. 1 near downtown Lexington
