Office/Retail Space with Outdoor
For Sale
Contact for pricing
808 S Lake Dr, Lexington, SC
Office and retail space with patio near Downtown Lexington.
Property Size6,087 SF
Lot Size1.17 Acres
Price / SF$180.71
Days on Market1130
Property Features for 808 S Lake Dr
General Information
Standard status
Active
Size
6,087 SF
Lot size
1.17 Acres
Property subtype
OFFICE
Listing Agency:
Wilson Kibler | Columbia
(803) 779-8600
Listed By:
John Mills · License #97905
(803) 255-8628
Source:
Moodyscre
Added: Sep 26, 2023
Changed: Oct 26
Last Checked: Oct 28 at 8:52AM
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 Wilson Kibler | Columbia
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers approximately 6,087 square feet of office and retail space, including approximately 5,613 square feet in the main building and an additional approximately 474 square feet of apartment space. Situated on approximately 1.58 acres, the property features an excellent outdoor patio, lawn, and activity space. Ample parking is available. The location is approximately one mile from Downtown Lexington and approximately 0.5 miles from I-20.
Key Highlights
- Excellent outdoor Patio, Lawn, and Activity Space
- ±6,087 SF of Office/Retail Space (±5,613 SF in Main Building and ±474 SF Apartment)
- Situated on ± 1.58 Acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,617
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,632,340
$1.6M
Cap Rate 7%
$1,165,957
$1.2M
Cap Rate 9%
$906,856
$906.9K
Market Conditions
NOI Build-Up for 6,087 SF
Gross rent
$116.1K $19.08/SF
− Vacancy
−$7.3K −$1.20/SF
EGI
$108.8K $17.88/SF
− OpEx
−$27.2K −$4.47/SF
NOI
$81.6K $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 Rate 5%
$1,632,340
Cap Rate 7%
$1,165,957
Cap Rate 9%
$906,856
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,617 @ 7.0% cap · market cap 7.42%
Second Best
Retail
$875.6K
$766.2K – $1.02M
NOI $61,293 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,435 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office and retail space with patio near Downtown Lexington.
Where is this office unit located?
The property is located at 808 S Lake Dr Lexington, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Excellent outdoor Patio, Lawn, and Activity Space; ±6,087 SF of Office/Retail Space (±5,613 SF in Main Building and ±474 SF Apartment); Situated on ± 1.58 Acres
