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

    4360 Augusta Rd Lexington, SC 29073

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

    Thriving Retail Center in Columbia Metro

    Lot size:
    42,845 SF

    Property Features for 4360 Augusta Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,845 SF
    Total Rate
    42845

    Spaces For Lease

    at 4360 Augusta Rd, Lexington, SC 29073 Contact us
    Unit

    $12 /Mo

    Size
    8,509 SF
    Contact us

    We can help!

    Listing Contact
    Bobby Balboni
    Bobby Balboni

    Listing Agency: NAI Columbia Listing Agent: Bobby Balboni

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 42,845 square foot shopping center, situated on 6.47 acres in Lexington County's Columbia Metro submarket, presents a compelling investment opportunity. Anchored by new Family Dollar and Dollar Tree stores, the center boasts a diverse tenant mix including Subway, Cost Cutters, Chen's Chinese Restaurant, and 7 Mares Mexican Restaurant, among others. Its prime location on US Highway #1 (Augusta Rd.), between the I-20 and I-26 interchanges, ensures exceptional visibility and accessibility. A 2023 traffic count of 30,400 vehicles per day (Station 125) underscores the high traffic volume. The property offers approximately 50 feet of frontage with pylon signage opportunities. Strategic outparcel opportunities are also available. Nearby national retailers such as McDonald's, Advance Auto, Exxon, Lowe's, Aldi, Big Lots, Burger King, Wendy's, Dollar General, and Popeye's further enhance the center's desirability and draw significant customer traffic. The current lease rate is $12.00 per square foot, NNN. This well-established center provides a strong foundation for future growth and profitability. The single-tenant building is 8,509 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chen's Chinese Restaurant Restaurant Subway Take-out & Catering Dollar Tree Discount Store Family Dollar Discount Store Abc Package Store (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1542627
    Latitude
    33.9748365

    Nearby Similar for Lease

    • $21 SF/Yr
      1,380 SF

      New Lexington Office Space Available

      Newly constructed Class A office space for lease in Lexington.
      322 W Main St, Lexington, SC 29072
      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 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 29073
      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
    • Contact for pricing
      1,500 SF

      Retail Development on Two Notch

      Freestanding retail development with high traffic exposure, coming soon.
      1424 Two Notch Rd, Lexington, SC 29073
      View Details
    • $23 SF/Yr
      6,500 SF

      New Lexington County Office Space

      Office space for lease in a growing Lexington County location.
      120 Brookside Pkwy, Lexington, SC 29072
      View Details
    • $18 SF/Yr
      4,000 SF

      Downtown Lexington Office Space

      2,000 SF office space in the heart of Lexington.
      129-B E Main St, Lexington, SC 29072
      View Details
    • Contact for pricing
      21,400 SF

      Retail Space Available For Lease

      Former Fresh Market location available for sublease or assignment.
      5663 Sunset Blvd, Lexington, SC 29072
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Lexington, SC

      Retail space available in a high-growth Lexington market.
      5441 Platt Springs Rd, Lexington, SC 29073
      View Details
    • Contact for pricing
      21,400 SF

      Retail Space Available For Lease

      Former Fresh Market location available for sublease or assignment.
      918-934 N Lake Dr, Lexington, SC 29072
      View Details
    • Contact for pricing
      8,720 SF

      Revitalized Retail Space on Main

      Retail space with visibility in Lexington's Main Street District.
      102 W Main St, Lexington, SC 29072
      View Details
    • $12 SF/Yr
      33,240 SF

      Flex Suites Near Downtown Lexington

      Flex suites available near downtown Lexington with recent improvements.
      106 Fabrister Ln, Lexington, SC 29072
      View Details

    FAQs

    What type of property is this?
    Retail property - Thriving Retail Center in Columbia Metro
    Where is this retail property located?
    The property is located at 4360 Augusta Rd Lexington, SC.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Retail shopping center totaling 42,845 square feet on 6.47 acres in Lexington County's Columbia Metro submarket.; Single-tenant retail space of 8,509 square feet.; Anchored by Family Dollar and Dollar Tree, with additional tenants including Subway, Cost Cutters, and several restaurants.
    (803) 254-0100 Call to check price and availability
    Request Owner's contact information
    4360 Augusta Rd 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.
    4360 Augusta Rd
    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
    4360 Augusta Rd 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bobby Balboni
    Bobby Balboni
    Real Estate License ID: 113453
    (803) 254-0100 (508) 748-0088
    Learn more
    Google sign-in failed. Please try again or use another login method.