Building Details

Building Size 1,968 SF

Buildings 1

Construction frame and vinyl siding

Listing Agency: McLeod & Associates Show Phone

Listed By: James McLeod · License #19664 Show Phone

Source: Blackstreaminternational

Added: Sep 2 Changed: Oct 21 Last Checked: Oct 20 at 10:25PM

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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 McLeod & Associates

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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.

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 / Yr

$29,177

Cap Rate

8.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$583,540 $583.5K

Cap Rate 7%

$416,814 $416.8K

Cap Rate 9%

$324,189 $324.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,968 SF

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 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 (±1% cap)

NOI $29,177 @ 7.0% cap · market cap 8.35%

Second Best

Flex RnD

$348.6K

$305.0K – $406.7K (±1% cap)

NOI $24,399 @ 7.0% cap · market cap 6.98%

Theoretical Best

Office A

$484.6K

$424.0K – $565.4K (±1% cap)

NOI $33,922 @ 7.0% cap · market cap 9.71%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Exterior Gutters and Home ... Construction Company

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Dental Office Law Firm Kitchen & Bath Showroom

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

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

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?

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