Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    111 Efird St Lexington, SC 29072-3518

    • Commercial land
    • 2,388 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1299633
    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

    • Commercial land

    Property Details for 111 Efird St

    Year built
    1960
    Lot size
    1.19 lot acres
    Property size
    2,388 SF
    Zone code
    LC
    Property type
    Commercial land
    APN
    004320-02-002
    APU
    432002002

    Description

    This exceptional 1.19-acre commercial land parcel presents a unique investment opportunity in the thriving town of Lexington, South Carolina. Located at 111 Efird Street, this property boasts a General Commercial (GC) zoning designation, opening doors to a wide array of potential commercial developments. Its strategic location, just one block from the bustling East Main Street and North Lake Drive, ensures high visibility and accessibility. The property benefits from readily available water and sewer services, simplifying the development process. Furthermore, its proximity to the Town of Lexington's Icehouse Amphitheater, a popular event venue, adds to its appeal and potential for increased foot traffic and business activity. Data from 2018 indicates a significant daily traffic count of 17,980 vehicles on nearby West Main Street, highlighting the area's strong commercial viability. This prime location, combined with its generous lot size and convenient utilities, makes this property an ideal choice for entrepreneurs and investors seeking a foothold in a dynamic and growing market. The asking price of $100,000 represents a compelling value for this strategically positioned commercial land in Lexington County, SC, zip code 29072.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2338
    Latitude
    33.9819
    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
    $740
    $1,428
    $0.00
    $1,428
    -
    $23,805
    $0.00
    $23,805

    Comparable in this City

    • Value Estimation by Request
      0.80 Acres

      3135 2nd Notch Rd

      VACANT COMMERCIAL LAND • 0.80 Acres
      3135 2nd Notch Rd, Lexington, SC 29072-9087
      View Details
    • Value Estimation by Request
      0.41 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.41 Acres
      Main St, Lexington, SC 29072
      View Details
    • Value Estimation by Request
      0.05 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.05 Acres
      Main St, Lexington, SC 29072
      View Details
    • Value Estimation by Request
      0.74 Acres

      Old Chapin Rd

      VACANT COMMERCIAL LAND • 0.74 Acres
      Old Chapin Rd, Lexington, SC 29072
      View Details
    • Value Estimation by Request
      1.00 Acre

      101 Prides Way Dr

      VACANT COMMERCIAL LAND • 1.00 Acre
      101 Prides Way Dr, Lexington, SC 29072-3737
      View Details
    • Value Estimation by Request
      0.90 Acres

      4851 Sunset Blvd

      VACANT COMMERCIAL LAND • 0.90 Acres
      4851 Sunset Blvd, Lexington, SC 29072-9152
      View Details

    Similar Nearby for Sale

    • $2,300,000
      3 SF

      Lexington Commercial Lots For Sale

      Vacant commercial lots totaling ±3.09 acres in Lexington, SC.
      Sunset Blvd. & Mineral Spg Rd, Lexington, SC 29072
      View Details
    • Contact for pricing
      4 SF

      Lexington Industrial Build-To-Suit Opportunity

      Land available for build-to-suit opportunity near I-20.
      129 Industrial Dr, Lexington, SC 29072
      View Details
    • $3,500,000

      20 Acres Usable Land ForSale

      Approximately 20 usable acres with access to utilities.
      4939 Sunset Blvd, Lexington, SC 29072
      View Details
    • $525,000

      Land For Sale Near Red Bank

      4.03 acres near Red Bank with excellent visibility.
      820 S Lake Dr, Lexington, SC 29072
      View Details
    • $2,800,000

      Lexington Land with Pond

      Two-acre commercial land with pond, water, and sewer access.
      521 Highway 378, Lexington, SC 29072
      View Details
    • Contact for pricing

      246 Acres on Edmund Highway

      246 acres of land zoned for intensive development.
      S Lake Dr, Lexington, SC 29072
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease Opportunity

      Land available for lease at a busy Lexington intersection.
      131 Corley Mill Rd, Lexington, SC 29072
      View Details
    • Contact for pricing

      Prime Retail Corridor Land

      Land available for build-to-suit or ground lease.
      5230 Sunset Blvd, Lexington, SC 29072
      View Details
    • Contact for pricing

      Commercial Land in Retail Corridor

      Graded commercial land suitable for retail or restaurant use.
      5304 Sunset Blvd, Lexington, SC 29072
      View Details
    • Contact for pricing

      Laydown Yard For Rent

      0.65 acre graveled laydown yard available for rent.
      141 Riverchase Way, Lexington, SC 29072
      View Details
    • Contact for pricing
      3 SF

      Lexington Commercial Land for Lease

      Commercial land available for ground lease near Lexington High School.
      2535 Augusta Hwy, Lexington, SC 29072
      View Details
    • Contact for pricing
      108,900 SF

      Hwy 378 & Wise Ferry Retail Outparcel

      High-growth corridor, build-to-suit options.
      487 Us-378, Lexington, SC 29072
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 Efird St
    Lexington, SC 29072-3518
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.