Lexington, SC
Commercial Real Estate Market Trends & Data

$211 Avg asking sale price
$10,350 Avg asking lease rate
27,272 SF Avg unit lease size
9,208 SF Avg building size for sale
9.14% Average cap rate

Lexington's Demographic Profile

Lexington has 8,581 households and a median income of $74,470, providing context for rent absorption and tenant demand across retail and multifamily assets. A +8% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 21,176
# Households 8,581
Median age 40
Median household income $74,470
Avg household size 2.0
Renter-occupied housing units 2,796
5-year population change +8%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lexington, SC

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
West Columbia $181 9,186 SF 7.00%
Cayce $186 13,381 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lexington $169 7,946 SF 11.77%
West Columbia $156 15,496 SF 6.46%
Nearby Retail Markets Avg Cost/SF Typical Size
Lexington $254 2,921 SF
Red Bank $219 2,056 SF
South Congaree $86 9,100 SF
Leesville $75 18,500 SF
West Columbia $277 5,262 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
West Columbia $121 21,164 SF 8.17%
Cayce $121 21,164 SF 8.17%
Columbia $374 14,527 SF 9.79%

Commercial Properties For Sale in Lexington

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

2040 S Lake Dr

Lexington, SC 29073

  • 8,661 SF Flex Building
  • 11.77% Cap Rate
  • $750,000
For Sale

117 Park Rd

Lexington, SC 29072

  • 4,015 SF Flex Building
  • $1,100,000
For Sale

3748 Sunset Blvd

West Columbia, SC 29169

  • 5.71 AC Lot
  • 1 Commercial Lot
  • $3,997,000
For Sale

1573 S Lake Dr

Lexington, SC 29073

  • 3,000 SF Flex Building
  • $905,000
For Sale

Redevelopment Site

Lexington, SC 29072

  • 0.59 AC Lot
  • 1 Commercial Lot
  • $950,000
For Sale

109 Lisa Dr

Lexington, SC 29073

  • 3,400 SF Retail Building
  • $349,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lexington pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lexington $211 9,208 SF
Red Bank $302 3,000 SF
South Congaree $86 9,100 SF
Leesville $119 12,798 SF

Regional Demographic Comparison

This comparison places Lexington alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lexington or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lexington 21,176 8,581 40 $74,470 2 2,796 8%
Red Bank 11,670 4,563 39 $64,111 3 894 9%
Gilbert 540 204 39 $60,750 3 50 9%
South Congaree 2,537 1,010 41 $43,425 2 322 9%
Leesville 17,159 6,980 45 $61,177 2 1,272 8%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lexington, SC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lexington

View All Commercial Real Estate For Sale in Lexington
Is Lexington a good market for a first-time commercial real estate investor?

Lexington offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lexington?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lexington. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lexington?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lexington. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lexington compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lexington. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lexington acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lexington, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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