416 Cedarcrest Dr Lexington, SC 29073-8711
Property profile & analytics
416 Cedarcrest Dr, Lexington, SC 29073-8711
- Warehouses
- 4,800 SF
- 4.40 lot acres
Property ID
US77-2546339
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 416 Cedarcrest Dr
- Year built
- 2018
- Lot size
- 4.40 lot acres
- Zone code
- RD
- Property type
- Warehouses
- APN
- 005596-05-019
- APU
- 559605019
Description
This exceptional 4,800 square foot flex space at 416 Cedarcrest Drive in Lexington, SC presents a unique opportunity for businesses seeking a versatile and strategically located property. The building boasts a highly functional design, featuring top-quality finishes throughout the 1,800 square foot office area. The office space includes five individual offices, a spacious reception/waiting area, a dedicated conference room, a convenient small kitchenette, and two ADA-compliant bathrooms. This ensures a comfortable and productive work environment for employees and clients alike. The property also includes a substantial 3,000 square foot warehouse space, complete with a drive-in bay featuring a 14-foot high door, providing ample room for storage or light manufacturing. Adding to its practicality, the property includes a fenced lay-down yard, offering additional secure outdoor space. The property is situated on a 0.87-acre lot and enjoys excellent regional accessibility due to its proximity to I-20, making it an ideal location for businesses serving the Midlands area. Note that this property shares a common entrance with other flex buildings currently under development. Stormwater management is handled through an offsite system. Priced at $849,000, this property offers a compelling combination of office and warehouse space, making it an attractive investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $725,000
- ML approach
- $655,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $600,000
- 6.5%
- $555,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $624,000
- AI Estimate
- $465,000
Market price range: $184k - $625kMarket price range: $184k - $465k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $420,000 Current use
- OFFICE BUILDING
- $640,000 Change: +53% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $580,000 Change: +38% Conversion: Difficult
- RETAIL STORES
- $545,000 Change: +30% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $510,000 Change: +22% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.206
- Latitude
- 33.9653
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,854
$5,816
$24,404
$30,220
-
$96,926
$406,728
$503,654
