Newer Flex Space with Warehouse
New
For Sale
$349,500
246 Standard Warehouse, Lugoff, SC 29078
Office and warehouse configuration with private offices, a showroom service counter, high-clearance storage, and gated exterior storage areas.
Property Size1,968 SF
Price / SF$177.59
Days on Market6
Property Features for 246 Standard Warehouse
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
0.34 acres, 14,810 square foot lot
Combo, Comp Shingle, Metal
Door height: 10, 1 door
Public
Central
Heat Pump
Listed on 2026-09-02
4 parking spaces
1,968 gross square footage, 990 warehouse square footage, Built in 2024, Construction: Frame
County: Kershaw, Geo Latitude: 34.21162113, Geo Longitude: -80.68993797
Zoning: GD
240 volts, 200 amps, Phase: 1
In Storage, Out Storage, Security Fence
Building Details
Building Size
1,968 SF
Buildings
1
Construction
frame and vinyl siding
Listing Agency:
McLeod & Associates
(803) 432-3516
Listed By:
James McLeod
(864) 920-0303
Source:
Blackstreaminternational
Added: Sep 2
Changed: Sep 6
Last Checked: Sep 7 at 7:29AM
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 McLeod & Associates
Investment Insights
Based on property information with market context.
This 1,968-square-foot flex building combines a finished office component with warehouse and storage space. Constructed less than two years ago, the property includes two private offices, a front showroom with a service counter, LVP flooring, and painted drywall finishes. The warehouse offers high-clearance ground-level storage, one overhead door, and a separate entry with stairs leading to additional storage on the second level.
Exterior improvements include multiple open storage sheds, a privacy fence, and an automatic gate supporting deliveries and material movement. The building has frame construction with vinyl siding, insulation in the office area, and little to no deferred maintenance reported.
Exterior improvements include multiple open storage sheds, a privacy fence, and an automatic gate supporting deliveries and material movement. The building has frame construction with vinyl siding, insulation in the office area, and little to no deferred maintenance reported.
Key Highlights
- 1,968 SF office and warehouse building constructed less than two years ago
- Two private offices and a front showroom with service counter
- High‑clearance ground‑level warehouse storage
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
$29,177
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
8.35%
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%
$583,540
$583.5K
Cap Rate 7%
$416,814
$416.8K
Cap Rate 9%
$324,189
$324.2K
Market Conditions
NOI Build-Up for 1,968 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
$36.1K $18.36/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$34.3K $17.44/SF
− OpEx
−$5.1K −$2.62/SF
NOI
$29.2K $14.83/SF
Area
Kershaw County, SC
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$583,540
Cap Rate 7%
$416,814
Cap Rate 9%
$324,189
Alternative Uses
Best Use
Warehouse
$416.8K
$364.7K – $486.3K
NOI $29,177 @ 7.0% cap · market cap 8.35%
Second Best
Flex RnD
$348.6K
$305.0K – $406.7K
NOI $24,399 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$484.6K
$424.0K – $565.4K
NOI $33,922 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29078, SC
16,430
Population
6,796
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
91%
High-School Grad
125.7 sq mi
ZIP Area
131
Density / Sq Mi
$66,657
Median Household Income
$39,296
Median Earnings
$893
Median Rent
$183,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration with private offices, a showroom service counter, high-clearance storage, and gated exterior storage areas.
Where is this flex space located?
The property is located at 246 Standard Warehouse Lugoff, SC.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: 1,968 SF office and warehouse building constructed less than two years ago; Two private offices and a front showroom with service counter; High‑clearance ground‑level warehouse storage
