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    Property profile & analytics

    109 Lisa Dr Lexington, SC 29073

    • Day care centers
    • 3,249 SF
    • 0.32 lot acres
    For Sale
    View listing
    $359,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1294257
    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.

    Current Use by Public Records

    • Day care centers

    Property Details for 109 Lisa Dr

    Year built
    1972
    Lot size
    0.32 lot acres
    Property size
    3,249 SF
    Zone code
    C
    Property type
    Day care centers
    APN
    004419-05-008
    APU
    441905008

    Description

    This 3,400 square foot mixed-use office building, located at 109 Lisa Drive in Lexington, South Carolina (zip code 29073), presents a compelling investment opportunity. Built in 1980, this single-story structure sits on a 0.32-acre lot (APN: 00441905008) and is zoned RD. The building features a solid brick, block, and stucco exterior, and boasts a recently installed roof and new windows. The interior includes a full kitchen, numerous rooms, and multiple restrooms, offering flexibility for a variety of business types. Previously used as a daycare center, the property's adaptable layout could also suit medical offices, traditional office spaces, or even an elderly care facility. The property offers ample outdoor space with large front and back yards. Conveniently located, the building is approximately four miles from Interstates I-20 and I-26. The asking price is $399,000, with an occupancy date of October 14, 2024. This property is an excellent opportunity for a small business seeking a versatile and well-maintained space in the Oak Grove area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $240,000
      Current use
      MEDICAL BUILDING
      $365,000
      Change: +54% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $340,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $315,000
      Change: +33% Conversion: Difficult
      OFFICE BUILDING
      $275,000
      Change: +15% Conversion: Difficult
      WAREHOUSE, STORAGE
      $230,000
      Change: -3% Conversion: Difficult
      RETAIL STORES
      $215,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.156
    Latitude
    33.9814
    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
    $2,654
    $1,500
    $3,900
    $5,400
    -
    $25,000
    $65,000
    $90,000

    Comparable in this City

    • Value Estimation
      $305,000
      2,495 SF

      101 Dickert Dr

      DAY CARE, PRE-SCHOOL • 2,495 SF
      101 Dickert Dr, Lexington, SC 29073-9040
      View Details
    • Value Estimation
      $330,000
      2,400 SF

      642 Laurel Rd

      DAY CARE, PRE-SCHOOL • 2,400 SF
      642 Laurel Rd, Lexington, SC 29073-7870
      View Details
    • Value Estimation
      $330,000
      5,000 SF

      4274 Augusta Rd

      DAY CARE, PRE-SCHOOL • 5,000 SF
      4274 Augusta Rd, Lexington, SC 29073-9143
      View Details
    • Value Estimation
      $220,000
      0.99 Acres

      144 Knl Ests Dr

      CHARITABLE ORGANIZATION • 0.99 Acres
      144 Knl Ests Dr, Lexington, SC 29073-7374
      View Details
    • Value Estimation
      $375,000
      6,180 SF

      424 Cedarcrest Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,180 SF
      424 Cedarcrest Dr, Lexington, SC 29073-8711
      View Details
    • Value Estimation
      $240,000
      1.21 Acres

      131 Muddy Spgs Rd

      CHARITABLE ORGANIZATION • 1.21 Acres
      131 Muddy Spgs Rd, Lexington, SC 29073-8693
      View Details

    Similar Nearby for Sale

    • New
      $359,000
      3,400 SF

      Lexington Commercial Property For Sale

      3,400 SF commercial building suitable for childcare or community uses.
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      View Details
    • $275,000
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      Versatile Commercial Property with Storage

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      Residential property available for sale in Lexington, South Carolina.
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    • $2,599,000
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      Lexington Commercial Land - 18 Acres

      High-traffic location, development potential.
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      Lexington Land: Prime Development Site

      0.75-acre lot, expansion potential.
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      Lexington Commercial Land - $999,999

      3.62 Acres, Prime Commercial Location
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    Similar Nearby for Lease

    • Contact for pricing
      11,500 SF

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      ±11,500 SF Flex/Warehouse Space Available
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    • $12 SF/Yr
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      Thriving Retail Center in Columbia Metro
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    • Contact for pricing
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      Retail Space in Lexington Center

      Retail space available within a Walmart-anchored shopping center.
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      View Details
    • Contact for pricing
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      Industrial Land for Lease

      Up to 36 acres of fenced, graveled industrial storage.
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    • Contact for pricing
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      Retail space available in a high-growth Lexington market.
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      View Details
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    109 Lisa Dr
    Lexington, SC 29073
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    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
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