Office/Warehouse Flex
For Sale
Contact for pricing
6204 EDMUND HWY, Lexington, SC 29073
Fully leased office-and-warehouse flex building with excess land on a high-growth Lexington County corridor.
Property Size4,000 SF
Lot Size3.52 Acres
Price / SF$199.75
Days on Market124
Property Features for 6204 EDMUND HWY
General Information
Standard status
Active
Size
4,000 SF
Lot size
3.52 Acres
Property subtype
Office, Industrial
Occupancy
100%
Building Details
Year Built
1950
Stories
1
Units
7
Listing Agency:
Southern Vision Real estate
Listed By:
Kimberly Byrd · License #91556
Source:
Crexi
Added: May 4
Changed: Aug 26
Last Checked: Sep 3 at 1:00AM
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 Southern Vision Real estate
Investment Insights
Based on property information with market context.
6204 Edmund Hwy offers a flex-style commercial building combining professional office space with functional warehouse components. The approximately 4,000 SF facility is fully leased and set on about 3.52 acres, providing both built-out workspace and additional on-site land.
The property is positioned along Edmund Highway, offering visibility and convenient access to the greater Lexington and Columbia markets. The surrounding area is described as continuing residential and commercial growth, supporting ongoing tenant demand.
In addition to the existing improvements, the site includes excess land that is currently underutilized, which may allow for expansion, additional structures, or enhanced site utilization. This configuration can support buyers looking for a stabilized asset with income in place and flexibility to add value over time.
The property is positioned along Edmund Highway, offering visibility and convenient access to the greater Lexington and Columbia markets. The surrounding area is described as continuing residential and commercial growth, supporting ongoing tenant demand.
In addition to the existing improvements, the site includes excess land that is currently underutilized, which may allow for expansion, additional structures, or enhanced site utilization. This configuration can support buyers looking for a stabilized asset with income in place and flexibility to add value over time.
Key Highlights
- ±4,000 SF office‑and‑warehouse flex building on approximately 3.52 acres
- Fully leased with established tenants for immediate income in place
- Versatile layout includes professional office space and functional warehouse components
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
$53,634
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
6.71%
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%
$1,072,680
$1.1M
Cap Rate 7%
$766,200
$766.2K
Cap Rate 9%
$595,933
$595.9K
Market Conditions
NOI Build-Up for 4,000 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
$76.3K $19.08/SF
− Vacancy
−$4.8K −$1.20/SF
EGI
$71.5K $17.88/SF
− OpEx
−$17.9K −$4.47/SF
NOI
$53.6K $13.41/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
25.00%
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%
$1,072,680
Cap Rate 7%
$766,200
Cap Rate 9%
$595,933
Alternative Uses
Best Use
Office B
$766.2K
$670.4K – $893.9K
NOI $53,634 @ 7.0% cap · market cap 6.71%
Second Best
Warehouse
$429.1K
$375.5K – $500.7K
NOI $30,040 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.07M
$940.0K – $1.25M
NOI $75,200 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29073, SC
48,653
Population
20,239
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
81.8 sq mi
ZIP Area
595
Density / Sq Mi
$72,648
Median Household Income
$45,050
Median Earnings
$1,046
Median Rent
$198,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased office-and-warehouse flex building with excess land on a high-growth Lexington County corridor.
Where is this flex space located?
The property is located at 6204 EDMUND HWY Lexington, SC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: ±4,000 SF office‑and‑warehouse flex building on approximately 3.52 acres; Fully leased with established tenants for immediate income in place; Versatile layout includes professional office space and functional warehouse components
