Self-Storage Facility with Climate
New
For Sale
$1,700,000
2824 Augusta Hwy, Lexington, SC 29072
A mix of drive-up, interior, and climate-controlled units serves residential and small-business storage needs.
Property Size20,206 SF
Lot Size1.59 Acres
Price / SF$84.13
Days on Market2
Property Features for 2824 Augusta Hwy
General Information
Standard status
Active
Size
20,206 SF
Lot size
1.59 Acres
Property subtype
Self-Storage Facility
Occupancy
91%
Net Operating Income
$112,117
Financials
Asking Price
$1,700,000
Cap Rate
6.6%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Self-Storage Units
153
Amenities
Attractive seller-financing options available
Over $130,000 average household income
Over 6% population growth over the next 5 years
Excellent visibility - 15,000 + VPD traffic counts
Significant economic growth and developments under construction nearby
Excellent day 1 cash flow
Building Details
Building Size
20,206 SF
Year Built
1990
Units
153
Listed By:
Cameron Bradford · License #License(s): SC: 124321, NC: LC865
(843) 952-2228
Source:
Marcusmillichap
Added: Oct 16
Last Checked: Oct 16 at 2:09PM
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 Cameron Bradford
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Investment Insights
Based on property information with market context.
Built in 1990, this self-storage property contains 153 units and 20,206 net rentable square feet across 1.59 acres. Storage options include drive-up units, interior non-climate-controlled space, and climate-controlled units. Physical occupancy is 90.6%. A billboard lease and ice sales provide additional revenue sources alongside storage operations.
The property fronts Augusta Highway, which carries more than 15,000 vehicles per day. Within five miles, population has grown 53% since 2010 and is projected to increase another 6% by 2030; average household income in that radius exceeds $131,000. Nearby development includes Target-anchored Victory Village, a proposed Walmart, and new single-family subdivisions.
The property fronts Augusta Highway, which carries more than 15,000 vehicles per day. Within five miles, population has grown 53% since 2010 and is projected to increase another 6% by 2030; average household income in that radius exceeds $131,000. Nearby development includes Target-anchored Victory Village, a proposed Walmart, and new single-family subdivisions.
Key Highlights
- 153 storage units totaling 20,206 net rentable square feet on 1.59 acres
- 90.6% physically occupied
- Unit mix includes drive‑up, interior non‑climate‑controlled, and climate‑controlled storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,748
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,034,960
$3.0M
Cap Rate 7%
$2,167,829
$2.2M
Cap Rate 9%
$1,686,089
$1.7M
Market Conditions
NOI Build-Up for 20,206 SF
Gross rent
$191.6K $9.48/SF
− Vacancy
−$13.0K −$0.64/SF
EGI
$178.5K $8.84/SF
− OpEx
−$26.8K −$1.33/SF
NOI
$151.7K $7.51/SF
Area
Lexington County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,034,960
Cap Rate 7%
$2,167,829
Cap Rate 9%
$1,686,089
Alternative Uses
Best Use
Self Storage
$2.52M
$2.21M – $2.94M
NOI $176,435 @ 7.0% cap · market cap 10.38%
Second Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $151,748 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$5.43M
$4.75M – $6.33M
NOI $379,872 @ 7.0% cap · market cap 22.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - A mix of drive-up, interior, and climate-controlled units serves residential and small-business storage needs.
Where is this self storage facility located?
The property is located at 2824 Augusta Hwy Lexington, SC.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 153 storage units totaling 20,206 net rentable square feet on 1.59 acres; 90.6% physically occupied; Unit mix includes drive‑up, interior non‑climate‑controlled, and climate‑controlled storage
