Leased Flex Space With
For Sale
$799,000
6204 Edmund Highway, Lexington, SC 29073
COMMERCIAL/INDUSTRIAL, Lexington, SC
Property Size4,000 SF
Lot Size3.52 Acres
Price / SF$199.75
Days on Market139
Property Features for 6204 Edmund Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Intensive Development
Parking
16
Directions
From I-26, take exit 113. Make a right toward the Columbia CAE Airport. Keep straight until you arrive at the Crystal Springs-Edmund Hwy. intersection.
Subdivision
Lexington and surrounding area
Standard status
Active
Size
4,000 SF
Lot size
3.52 Acres
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Listing Agency:
Southern Visions Realty I LLC
Listed By:
Kimberly Byrd
(803) 359-9571
Added: Apr 30
Changed: Sep 2
Last Checked: Sep 15 at 2:06AM
MLS# 632923
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 4,000-square-foot flex property combines office space with warehouse areas within an existing commercial building. Central air serves the improvements, and the property is fully leased to established tenants. The site encompasses approximately 3.52 acres, including land beyond the current building footprint.
Located at 6204 Edmund Highway in Lexington, the property has direct exposure along Edmund Highway and access to the greater Lexington and Columbia markets. Zoning is designated Intensive Development.
The combination of office and warehouse components provides a mixed commercial configuration, while the additional land offers room for future site utilization, subject to applicable approvals.
Located at 6204 Edmund Highway in Lexington, the property has direct exposure along Edmund Highway and access to the greater Lexington and Columbia markets. Zoning is designated Intensive Development.
The combination of office and warehouse components provides a mixed commercial configuration, while the additional land offers room for future site utilization, subject to applicable approvals.
Key Highlights
- 4,000‑square‑foot flex property with office and warehouse components
- Approximately 3.52 acres in Lexington County
- Fully leased with established tenants in place
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
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Fully leased commercial building with office and warehouse components on Edmund Highway.
Where is this flex space located?
The property is located at 6204 Edmund Highway 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‑square‑foot flex property with office and warehouse components; Approximately 3.52 acres in Lexington County; Fully leased with established tenants in place
