Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Development on Two Notch Title is generated by Realmo AI

    1424 Two Notch Rd, Lexington, SC 29073

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Freestanding retail development coming soon on a high-traffic road.

    Type:Retail
    Added:
    Mar 15, 2024
    Days on Market:
    810
    Last Refresh:
    May 12 at 10:51 pm

    Property Features for 1424 Two Notch Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 1424 Two Notch Rd Contact us

    We can help!

    Listing Contact
    Roger Winn

    Listing agent Roger Winn License #SC 69646

    Listing office Trinity Partners Columbia

    Listing date Mar 15, 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 Trinity Partners Columbia

    HighLights

    • Freestanding retail development
    • Located on highly trafficked Two Notch Rd.
    • Near Hwy. 6
    • Near I‑20
    • Retail development
    • Coming soon

    Overview

    A freestanding retail development is planned for construction. The property is located on Two Notch Road, near Highway 6 and Interstate 20, an area with high traffic volume.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center 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
    -81.2319192
    Latitude
    33.9536675

    Nearby Similar for Lease

    • $23 SF/Yr
      6,500 SF

      New Lexington County Office Space

      Office space for lease in a growing Lexington County location.
      120 Brookside Parkway, Lexington, SC 29072
      View Details
    • $21 SF/Yr
      1,380 SF

      New Lexington Office Space Available

      Newly constructed Class A office space for lease in Lexington.
      322 W. Main Street, Lexington, SC 29072
      View Details
    • $30 SF/Yr
      888 SF

      Lexington Retail Space For Lease

      Retail suites available in Lexington, undergoing extensive renovation.
      1812 Augusta Hwy, Lexington, SC
      View Details
    • $2,900/Mo
      1,650 SF

      Turnkey Office Suite For Rent

      1,650 SF office suite with utilities included for lease.
      105 Vista Oaks Dr, Lexington, SC
      View Details
    • Contact for pricing
      2,523 SF

      Retail/Office Space in Lexington Center

      Retail or office space available in Lexington's shopping district.
      5580 Sunset Boulevard, Lexington, SC 29072
      View Details
    • Contact for pricing

      Lexington SC Retail Opportunity

      Former medical office in Lexington Square Shopping Center.
      5224 Sunset Blvd, Lexington, SC 29072
      View Details
    • Contact for pricing
      5,750 SF

      Office/Flex Building with Warehouse

      Office/flex building with warehouse space and fenced yard.
      1773 W Main Street, Lexington, SC 29072
      View Details
    • Contact for pricing
      6,000 SF

      Former Restaurant Space For Rent

      6,000 SF former restaurant space with outdoor patio.
      924 E Main Street, Lexington, SC 29072
      View Details
    • Contact for pricing

      Retail Development Opportunity on Sunset

      Retail development opportunity in Lexington, South Carolina, on Sunset Boulevard.
      5032 Sunset Boulevard, Lexington, SC 29072
      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
      View Details
    • Contact for pricing
      1,500 SF

      Retail Development on Two Notch

      Freestanding retail development with high traffic exposure, coming soon.
      1424 Two Notch Road, Lexington, SC 29073
      View Details
    • $24 SF/Yr
      2,606 SF

      Dental Space Available for Rent

      Turn-key dental space with equipment in Lexington, SC.
      108 Palmetto Park Blvd, Lexington, SC
      View Details

    FAQs

    What type of property is this?
    Retail space - Freestanding retail development coming soon on a high-traffic road.
    Where is this retail space located?
    The property is located at 1424 Two Notch Rd Lexington, SC.
    What are key features of this property?
    This property features: Freestanding retail development; Located on highly trafficked Two Notch Rd.; Near Hwy. 6
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Roger Winn
    Real Estate License ID: SC 69646
    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

    Thank You for Inquiry
    1424 Two Notch Rd, Lexington, SC 29073
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!