Two-Building Income
For Sale
$350,000
835 Frink Street, Cayce, SC 29033
MULTI_FAMILY - Cayce, SC
Property Size2,200 SF
Lot Size0.87 Acres
Price / SF$159.09
Days on Market47
Property Features for 835 Frink Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
Parking
2
Elementary school
Cayce Elementary
Middle school
Busbee
High school
Brookland-Cayce
Elementary school district
Lexington Two
Middle school district
Lexington Two
High school district
Lexington Two
Directions
From Highway 1 toward West Columbia, turn right onto 12th Street. Turn left onto Frink Street. Property will be on the right at the corner of Frink Street and McDuffie Street.
Subdivision
Cayce/West Cola/Airport/S. Congaree
Standard status
Active
Size
2,200 SF
Lot size
0.87 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Listing Agency:
Southern Visions Realty I LLC
(803) 359-9571
Listed By:
W Rhett Kelly
(803) 359-9571
Added: Jun 25
Changed: Aug 1
Last Checked: Aug 10 at 6:06PM
MLS# 637285
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 for-sale income property includes two separate buildings on one lot, with zoning identified as M zoning. The front building is listed at 835 Frink Street and offers flexibility for an owner-user or redevelopment, while the rear building at 736 McDuffie Street is currently tenant-occupied.
The rear building is generating $800 per month in rental income, providing immediate cash flow. The property is offered strictly AS IS, WHERE IS.
Located in Cayce, South Carolina (Lexington County), the property’s configuration and M zoning are intended to allow for a range of potential commercial or mixed-use directions. The stated lot size is 0.87 acres, and the listed property size is 2,200 square feet.
The rear building is generating $800 per month in rental income, providing immediate cash flow. The property is offered strictly AS IS, WHERE IS.
Located in Cayce, South Carolina (Lexington County), the property’s configuration and M zoning are intended to allow for a range of potential commercial or mixed-use directions. The stated lot size is 0.87 acres, and the listed property size is 2,200 square feet.
Key Highlights
- Two income‑producing buildings on one property: 835 Frink Street (front) and 736 McDuffie Street (rear).
- Rear building at 736 McDuffie Street is tenant‑occupied and generating $800/month in rental income.
- Zoned M, offering flexibility for a range of commercial or mixed‑use possibilities.
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
$14,966
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
4.28%
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%
$299,320
$299.3K
Cap Rate 7%
$213,800
$213.8K
Cap Rate 9%
$166,289
$166.3K
Market Conditions
NOI Build-Up for 2,200 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
$29.0K $13.20/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$27.2K $12.37/SF
− OpEx
−$12.2K −$5.57/SF
NOI
$15.0K $6.80/SF
Area
Lexington County, SC
Vacancy
6.30%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
45.00%
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%
$299,320
Cap Rate 7%
$213,800
Cap Rate 9%
$166,289
Alternative Uses
Best Use
Apartment 5plus
$213.8K
$187.1K – $249.4K
NOI $14,966 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$590.9K
$517.0K – $689.3K
NOI $41,360 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 29033, SC
12,575
Population
6,873
Households
1.8
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
1,258
Density / Sq Mi
$57,524
Median Household Income
$37,629
Median Earnings
$1,342
Median Rent
$156,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Two income-producing buildings on one property, with a rear tenant-occupied unit generating $800 per month.
Where is this single family property located?
The property is located at 835 Frink Street Cayce, SC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two income‑producing buildings on one property: 835 Frink Street (front) and 736 McDuffie Street (rear).; Rear building at 736 McDuffie Street is tenant‑occupied and generating $800/month in rental income.; Zoned M, offering flexibility for a range of commercial or mixed‑use possibilities.
