Modern Flex Space with
New
For Sale
$349,500
246 Standard Warehouse, Lugoff, SC 29078
COMMERCIAL/INDUSTRIAL, Lugoff, SC
Property Size1,968 SF
Lot Size0.34 Acres
Price / SF$177.59
Days on Market3
Property Features for 246 Standard Warehouse
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GD
Parking
4
Directions
From US in Lugoff, take US 601 toward I-20, Veer onto Standard Warehouse Road and subject is second commercial building on the right side across from large Standard Warehouse. From I-20, take exit 92 toward Lugoff. Just past the overhead bridge, take a left onto Standard Warehouse Road to subject.
Subdivision
Kershaw County West - Lugoff, Elgin
Standard status
Active
Size
1,968 SF
Lot size
0.34 Acres
Utilities
Cooling system
Central Air
Amenities
private offices
service counter
overhead door
second level storage
exterior storage sheds
privacy fence with automatic gate
insulation
Building Details
Floors in Building
1
Roof type
Metal, Shingle
Listing Agency:
McLeod & Associates
Listed By:
James McLeod · License #19664
(803) 432-3516
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 6:06PM
MLS# 642408
Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,968-square-foot flex property combines a front showroom with a service counter, two private offices, and a warehouse area. The building is less than two years old and includes LVP flooring, painted drywall, central air, and high-clearance ground-level storage. A single overhead door supports warehouse access, while an interior stairway connects to additional second-level storage.
The 0.34-acre site at 246 Standard Warehouse in Lugoff, South Carolina, includes several open storage sheds, a privacy fence, and an automatic gate for deliveries and material movement. The property is zoned GD and has a metal and shingle roof. Its office and warehouse configuration supports a range of commercial and industrial operations requiring both customer-facing space and material storage.
The 0.34-acre site at 246 Standard Warehouse in Lugoff, South Carolina, includes several open storage sheds, a privacy fence, and an automatic gate for deliveries and material movement. The property is zoned GD and has a metal and shingle roof. Its office and warehouse configuration supports a range of commercial and industrial operations requiring both customer-facing space and material storage.
Key Highlights
- 1,968‑square‑foot flex building on a 0.34‑acre site
- Less than two years old with little to no deferred maintenance
- Front showroom with service counter and two private offices
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
152
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 - Recently constructed flex property combining showroom, private offices, warehouse storage, and fenced 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‑square‑foot flex building on a 0.34‑acre site; Less than two years old with little to no deferred maintenance; Front showroom with service counter and two private offices
