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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Strip malls
109 Old Chapin Rd, Lexington, SC 29072-2065
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US77-0131003
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
4,339 SF
Lot
3.72 ac (162,043 SF)
Zoning code
GC
APN
004323-04-004
UPID
US77-0131003
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
-
Barnes Jewelers (Bike/Boat/Book/etc) Store
-
Eli Lilly & Co Pharmacy
-
HealthMarkets Insurance Agency Insurance Agency
-
Yummie Creations Inc Restaurant
-
Tokyo Grill Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$560k
Owner & transaction history
Barnstormer Ents INC · 16 yrs held
Barnstormer Ents INC
since 2010
5 recorded transactions
Zoning & alternative use
GC · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$920,000
+99.7%
Commercial (general)
$720,000
+55.8%
Office building
$615,000
+33.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$460,000
Current use
MEDICAL BUILDING
$920,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: +56% · Conversion: Easy
OFFICE BUILDING
$615,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$490,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$129 / 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
$91,142
Tax year 2023
Assessed value
$176,087
Assessed 2023
Previous assessed
$176,087
+0.0% YoY
Effective rate
51.76%
On assessed value
Assessed land
$71,836
Assessed improvement
$104,251
Land market value
$1,197,271
Improvement market value
$1,737,517
Total market value
$2,934,788
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Heating
FLOOR/WALL FURNACE
Cooling
YES
Bathrooms
1
Total area
4,339 SF
Lot
3.72 ac (162,043 SF)
Zoning code
GC
APN
004323-04-004
UPID
US77-0131003
Jurisdiction
LEXINGTON
Zoning & alternative use
GC · Lexington, SC
Zoning GC · permitted uses
GC · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$460,000
MEDICAL BUILDING
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$720,000
OFFICE BUILDING
Est. value
$615,000
RETAIL STORES
Est. value
$490,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1998
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Bathrooms
1
Lot
3.72 ac
Current owner
From public records · entity-resolved
Barnstormer Ents INC
Entity
Mailing address
PO BOX 907, LEXINGTON, SC 29071-0907
Ownership since
2010
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
Apr 29, 2026
—
Barnstormer Enterprises INC
—
Deed
related
$4,200,000 · United Community Bank
May 7, 2021
—
Barnstormer Enterprises INC
—
Deed
related
$3,700,000 · Coastal Carolina National Bank
Jun 16, 2010
—
Barnstormer Ents INC
Brp Properties LLC
Quit Claim Deed
related
—
—
—
Barnstormer Ents INC
—
Deed Of Trust
related
$4,000,000 · Countrywide Com'l R E Fin
—
—
Barnstormer Ents INC
—
Deed Of Trust
related
$426,000 · First Community 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.
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