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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Warehouses
1022 Industrial Ct, Lexington, SC 29072-3733
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US77-0885562
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
10,500 SF
Lot
1 ac (43,560 SF)
APN
005498-05-038
UPID
US77-0885562
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Midlands Electrical Inc Electrical Service General Contractor
-
Optimum Water Solutions Big Box & Wholesale Store
-
ServiceMaster Fire & Water Restoration Columbia Carpet Cleaning Service Air Duct Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$956k
Blend (final)
Blend
$950k
Owner & transaction history
Martschink Realty Co · 7 yrs held
Martschink Realty Co
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+76.2%
Retail stores
$1.2M
+40.5%
Neighborhood: shopping center
$1.1M
+31.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,215,000
7%
$1,125,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$845,000
Current use
OFFICE BUILDING
$1,490,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$1,190,000
Change: +40% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,115,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$90 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,348
Tax year 2023
Assessed value
$35,449
Assessed 2023
Previous assessed
$35,449
+0.0% YoY
Effective rate
51.76%
On assessed value
Assessed land
$2,070
Assessed improvement
$33,379
Land market value
$34,500
Improvement market value
$556,312
Total market value
$590,812
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Total area
10,500 SF
Lot
1 ac (43,560 SF)
APN
005498-05-038
UPID
US77-0885562
Jurisdiction
LEXINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$845,000
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Martschink Realty Co
Entity
Mailing address
PO BOX 31412, CHARLESTON, SC 29417-1412
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2018
$685,000
Martschink Realty Co
Forum Dev II LLC
Grant Deed
—
Oct 23, 2007
—
Forum Dev II LLC
Cen LLC
Grant Deed
$574,165 · Carolina First Bank
Oct 27, 2004
$114,540
Cen LLC
Kuerti Ents
Grant Deed
$460,000 · First South Bank
—
—
Forum Dev II LLC
—
Deed Of Trust
related
$450,000 · First Community Bank
—
—
Cen LLC
—
Deed Of Trust
related
$576,435 · Carolina First Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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