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    Leesville Commercial Live/Work Opportunity Title is generated by Realmo AI

    5229 Augusta Highway, Leesville, SC 29070

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    Claim this Listing
    New
    For Sale
    $675,000

    Commercial - Leesville, SC

    Property size:
    4,500 SF
    Lot size:
    2.96 Acres
    Price / SF:
    $150/SF
    Added:
    May 30, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 1 at 8:06 am

    Property Features for 5229 Augusta Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    ID
    Parking
    20
    Standard status
    Active
    APN
    006100-01-110
    Size
    4,500 SF
    Lot size
    2.96 Acres

    Building Details

    Year built
    2022
    Floors in Building
    2
    Building materials
    Block, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Doug Wilkes
    Doug Wilkes

    Listing agent Doug Wilkes

    Listing office Southern Visions Realty I LLC PO Box 729, Lexington, SC

    Listing date May 30, 2026

    MLS# 635335 Listing URL

    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.

    HighLights

    • Rare live/work opportunity: Combines business functionality with residential living.
    • Intensive development zoning (ID): Offers significant investment and future development potential.
    • Large insulated metal building: Features 80 x 50 dimensions, 18’ eave heights, and four 14’ overhead doors.
    • Nearly 3 acres: Provides ample parking and room for expansion.
    • Commercial specifications with residential permitting: Offering immediate flexibility.
    • Prime location: High‑visibility arterial roadway location.

    Overview

    This commercial property features an 80 x 50 insulated metal building situated on nearly 3 acres. It is zoned for Intensive Development (ID) and offers business functionality, investment potential, and future development opportunities along a high-visibility arterial roadway. The building, constructed to commercial specifications but currently permitted for residential use, includes approximately 18’ eave heights, four 14’ overhead doors, an expansive open-span workspace, and concrete floors. It also contains two automotive lifts, a downstairs office, a full bathroom, and an upstairs loft/office overlooking the shop. A covered rear lean-to with approximately 14’ clearance provides additional protected storage. The nearly 3-acre tract offers ample parking, maneuvering space, and room for expansion. The current residential permitting allows immediate flexibility, and the site presents an opportunity to build a custom home behind the shop for a live/work setup. The property is located in Leesville, SC, and offers excellent visibility, accessibility, and long-term potential.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $85.9k $19.08
    − Vacancy −$5.4k −$1.20
    EGI $80.5k $17.88
    − OpEx −$20.1k −$4.47
    NOI $60.3k $13.41
    4,500 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $862.0K
    $754.2K – $1.01M (±1% cap)
    NOI $60,338 @ 7.0% cap · market cap 8.94%
    Second Best
    Mixed Use
    $665.4K
    $582.2K – $776.3K (±1% cap)
    NOI $46,575 @ 7.0% cap · market cap 6.90%
    Theoretical Best
    Office A
    $1.21M
    $1.06M – $1.41M (±1% cap)
    NOI $84,600 @ 7.0% cap · market cap 12.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Performance4x4 (Bike/Boat/Book/etc) Store

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility HVAC Service Electrical Service Car Rental Facility Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leesville
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.437134
    Latitude
    33.946109

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    FAQs

    What type of property is this?
    Live-work space - Insulated metal building on nearly 3 acres with ID zoning.
    Where is this live-work space located?
    The property is located at 5229 Augusta Highway Leesville, SC.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Rare live/work opportunity: Combines business functionality with residential living.; Intensive development zoning (ID): Offers significant investment and future development potential.; Large insulated metal building: Features 80 x 50 dimensions, 18’ eave heights, and four 14’ overhead doors.
    (803) 359-9571
    We can help!
    Listing Contact
    Doug Wilkes
    Doug Wilkes
    Real Estate License ID: 61261
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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