Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 Lisa Drive Lexington SC USA Lexington, SC 29073

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Solid building suitable for elderly care or small business.

    Type:Hospitality, Mixed Use, Office, Senior Living, Special Purpose
    Property size:
    3,400 SF
    Added:
    Oct 11, 2024
    Days on Market:
    558
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 109 Lisa Drive Lexington SC USA

    General Information

    Standard status
    Active
    Size
    3,400 SF
    Property subtype
    Hospitality, Mixed Use, Office, Senior Living, Special Purpose

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Angela Cash

    Listing agent Angela Cash License #133081

    Listing office Southern Vision Real estate

    Listing date Oct 11, 2024

    Source Crexi

    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

    Overview

    Former Day Care Center

    This 3,400-square-foot building, formerly a day care center, presents an opportunity for various businesses, including an elderly care facility. Constructed with solid brick, block, and stucco, the property features a complete kitchen, multiple rooms, and restrooms suitable for diverse purposes. Recent upgrades include a new roof and new windows. The location offers convenient access to Interstate I-20 and I-26, situated approximately 4 miles away. The property includes a large open front and back yard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Windsor West Child Development Center — 4274 Augusta Rd, Lexington, SC 29073
    • My Amigos Bilingual Education Center — 132 St Davids Church Rd, West Columbia, SC 29170

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1559667
    Latitude
    33.9814796

    Nearby Similar for Sale

    • $675,000
      5,400 SF

      Lexington Commercial Property For Sale

      Mixed-use property with restaurant and office/warehouse space in Lexington.
      4350 & 4352 Augusta Road, Lexington, SC 29073
      View Details
    • $385,000
      1,678 SF

      Professional Office Building in Lexington

      Well-located office building in Lexington, SC, near major roadways.
      109A Vista Oaks, Lexington, SC 29072
      View Details
    • $359,000
      3,400 SF

      Lexington Commercial Property For Sale

      3,400 SF commercial building suitable for childcare or community uses.
      109 Lisa Drive, Lexington, SC 29073
      View Details
    • $1,150,000
      8,640 SF

      Fully Leased Commercial Investment Property

      High-visibility Lexington office building with strong tenant occupancy and income streams.
      4265 Augusta Road, Lexington, SC 29073
      View Details
    • $229,000
      1,596 SF

      Professional Office Building in Lexington

      Commercial office building with multiple private offices in Lexington, SC.
      1608 W Main Street Apt, suite, flo, Lexington, SC 29072-2328
      View Details
    • $400,000
      1,190 SF

      Downtown Lexington Commercial Office Opportunity

      Well-located office space near Lexington County Courthouse and Main Street.
      110 N Lake Dr, Lexington, SC 29072
      View Details
    • $480,000
      1,600 SF

      Commercial Opportunity in Lexington, SC

      Well-located commercial property suitable for various uses in Lexington, SC.
      108 N Lake Dr, Lexington, SC 29072
      View Details
    • Contact for pricing
      30,000 SF

      Former Bowling Alley on 3.3 Acres

      30,000 SF flexible space in high-traffic area.
      5380 Augusta Road, Lexington, SC 29072
      View Details
    • Contact for pricing
      61,300 SF

      Office and Warehouse Facility

      Well-maintained office and warehouse with outside storage and expansion potential.
      138 Zenker Road, Lexington, SC 29072
      View Details
    • $2,190,000
      4,715 SF

      Medical NNN Investment Opportunity

      Single tenant medical property for sale in Lexington, SC.
      125 Park Pl Ct, Lexington, SC 29072
      View Details
    • Contact for pricing

      Heated and Cooled Flex Building

      Well-maintained office/flex building near downtown Lexington with truck access.
      1773 W Main Street, Lexington, SC 29072
      View Details
    • $2,500,000
      30,000 SF

      Former Bowling Alley with Potential

      30,000 SF property suitable for retail, office, or community center.
      5380 Augusta Rd, Lexington, SC
      View Details

    FAQs

    What type of property is this?
    Day care center - Solid building suitable for elderly care or small business.
    Where is this day care center located?
    The property is located at 109 Lisa Drive Lexington SC USA Lexington, SC.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: Solid brick, block, and stucco construction; New roof and new windows; Complete kitchen and numerous restrooms
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Angela Cash
    Real Estate License ID: 133081
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!