Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1123 Lake Dr Lexington, SC 29073

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic shopping center, space available

    Lot size:
    151,843 SF

    Property Features for 1123 Lake Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    151,843 SF

    Building Details

    Year Built
    1988

    Spaces For Lease

    at 1123 Lake Dr, Lexington, SC 29073 Contact us

    We can help!

    Listing Contact
    Raymond Hicks
    Raymond Hicks

    Listing Agency: Wheeler Real Estate Investment Listing Agent: Raymond Hicks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    South Lake Pointe, located at 1123 S Lake Dr, Lexington, SC 29073, presents a prime retail investment opportunity. This established shopping center, built in 1988, boasts a total of 151,843 square feet and currently has 1,200 square feet of vacant space available. The property features a diverse tenant mix, including a Roses anchor store, Dunkin', Southlake Family Chiropractic, and Glossy Nails and Spa, among other local businesses. The center benefits from its strategic location, experiencing consistent traffic from commuters traveling between Lexington and downtown Columbia. This high-traffic area is fueled by the thriving job market along the I-20 corridor and the robust single-family residential development in the immediate vicinity. The property's high visit frequency of 2.44 demonstrates strong customer loyalty and consistent attraction of new visitors. Available spaces range from 1 square foot to 33,218 square feet, offering flexibility for various retail concepts. This is an exceptional opportunity to establish or expand your business in a thriving South Carolina market. The property is a multi-tenant retail shopping center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dunkin' Bakery Great Wall Restaurant Joe Dirt Fireworks ... Discount Store MAU Workforce Solutions Employment Agency South Lake Family ... Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2326932
    Latitude
    33.9514672

    Nearby Similar for Lease

    • Contact for pricing
      131,809 SF

      Lexington Towne Centre Retail Space

      High-traffic retail space in Lexington, SC
      918 Lake Dr, Lexington, SC 29072
      View Details
    • $19 SF/Yr
      496 SF

      Lexington Office Space Available

      Prime Lexington, SC Office Suites
      201 Main St, Lexington, SC 29072
      View Details
    • Contact for pricing
      1,500 SF

      Lexington Retail Space - 1500 SQFT

      Prime Lexington retail space, 1500 sq ft, available now.
      1424 Two Notch Rd, Lexington, SC 29073
      View Details
    • $10 SF/Yr
      2,775 SF

      Office/Warehouse Space with Highway Access

      Office and warehouse space suitable for small businesses.
      2676 S Lake Dr, Lexington, SC 29073
      View Details
    • $20 SF/Yr
      7,500 SF

      Lexington Commercial Property: 7,500 SF

      Versatile 7,500 sq ft building on 1.5 acres.
      200 Wise Ferry Rd, Lexington, SC 29072
      View Details
    • $34 SF/Yr
      161 SF

      Lexington Office Space Available

      Prime Lexington, SC office suite
      203 Main St, Lexington, SC 29072
      View Details
    • $11 SF/Yr
      39,794 SF

      Lexington Executive Office Space

      11,069 SF Available, Prime Location
      113 Reed Ave, Lexington, SC 29072
      View Details
    • $23 SF/Yr
      6,500 SF

      Lexington Retail Space Available

      High-traffic Lexington retail space, 3 units.
      120 Brookside Pkwy, Lexington, SC 29072
      View Details
    • $15 SF/Yr
      21,970 SF

      Lexington Retail Center Investment

      Food Lion-anchored, prime retail space
      712-744 Main St, Lexington, SC 29072
      View Details
    • Contact for pricing
      30,250 SF

      New Spec Warehouse in Lexington

      New 30,250 SF warehouse with office space for lease.
      381 Burton Rd, Lexington, SC 29072
      View Details
    • Contact for pricing
      6,000 SF

      Industrial/Showroom Space For Lease

      6,000 SF industrial/showroom space, visible from I-20.
      242 Glassmaster Rd, Lexington, SC 29072
      View Details
    • $1,900 /Mo
      1,250 SF

      Lexington Office/Retail Space Available

      Office/Retail space for lease in Lexington, high traffic area.
      5076 Sunset Blvd, Lexington, SC 29072
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-traffic shopping center, space available
    Where is this lifestyle center located?
    The property is located at 1123 Lake Dr Lexington, SC.
    What are key features of this property?
    This property features: High traffic counts: 22,300 AADT on South Lake Drive.; High traffic counts: 9,300 AADT on Two Notch Road.; High traffic counts: 6,700 AADT on Old Orangeburg Road.
    Request Owner's contact information
    1123 Lake Dr Lexington, SC 29073
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1123 Lake Dr
    Lexington, SC 29073
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1123 Lake Dr Lexington, SC 29073
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Raymond Hicks
    Raymond Hicks
    Learn more
    Google sign-in failed. Please try again or use another login method.