Building Details

Floors in Building 1

Listing Agency: Ronnie Wingard Real Estate d***@sc.rr.com Show Phone

Listed By: Ronnie Wingard Show Phone

Added: Aug 27 Changed: Oct 2 Last Checked: Oct 13 at 5:06PM

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MLS# 641761

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 flex-space property includes two buildings with a range of section sizes and configurations. The larger building contains 12,000 square feet divided into 850-square-foot, 2,000-square-foot, and 9,000-square-foot areas. The 850-square-foot and 2,000-square-foot sections are leased, while the 9,000-square-foot area is vacant. The vacant section includes four restrooms and additional rear storage; each other section has one restroom. A separate 3,500-square-foot rear building is also leased.

The property is zoned ID and sits on 1.83 acres at 4886 Sunset Boulevard in Lexington, South Carolina. Public water and a septic tank serve the site. Sunset Boulevard carries an approximate traffic count of 45,000 cars daily. Cooling is provided by a heat pump.

Key Highlights

• Two buildings measuring 12,000 square feet and 3,500 square feet
• 12,000‑square‑foot building divided into 850‑square‑foot, 2,000‑square‑foot, and 9,000‑square‑foot sections
• 850‑square‑foot and 2,000‑square‑foot sections currently leased

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,121

Cap Rate

4.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,802,420 $1.8M

Cap Rate 7%

$1,287,443 $1.3M

Cap Rate 9%

$1,001,344 $1.0M

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$113.8K $9.48/SF

− Vacancy

−$7.7K −$0.64/SF

EGI

$106.0K $8.84/SF

− OpEx

−$15.9K −$1.33/SF

NOI

$90.1K $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%

$1,802,420

Cap Rate 7%

$1,287,443

Cap Rate 9%

$1,001,344

Alternative Uses

Best Use

Warehouse

$1.29M

$1.13M – $1.50M (±1% cap)

NOI $90,121 @ 7.0% cap · market cap 4.29%

Second Best

Industrial

$1.06M

$927.7K – $1.24M (±1% cap)

NOI $74,217 @ 7.0% cap · market cap 3.53%

Theoretical Best

Office A

$3.22M

$2.82M – $3.76M (±1% cap)

NOI $225,600 @ 7.0% cap · market cap 10.74%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Electrical Service Garden Center Law Firm Storage Facility

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

Location Intelligence

Trade Area within ½ mile

212

Businesses Nearby

Balanced

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Two-building commercial property with leased sections, vacant industrial space, and restroom facilities throughout.

Where is this flex space located?

The property is located at 4886 Sunset Boulevard Lexington, SC.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: Two buildings measuring 12,000 square feet and 3,500 square feet; 12,000‑square‑foot building divided into 850‑square‑foot, 2,000‑square‑foot, and 9,000‑square‑foot sections; 850‑square‑foot and 2,000‑square‑foot sections currently leased