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Property profile & analytics
OFF-MARKET
Estimated value
$2,810,000
Warehouses
1193 Lk Dr, Lexington, SC 29072-7645
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-0785056
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
22,440 SF
Lot
0.94 ac (40,946 SF)
Zoning code
LC
APN
004300-05-020
UPID
US77-0785056
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
-
Pac Daycare Center Foster Care Service
-
Palmetto Athletic Center Tutoring Service Training Center
-
Kids' Haven At Palmetto Athltc High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.81M
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.81M
Owner & transaction history
Tcb Capital LLC · 4 yrs held
Tcb Capital LLC
since 2022
Last sale
$3.0M
3 recorded transactions
Zoning & alternative use
LC · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+105.3%
Office building
$3.2M
+76.2%
Retail stores
$2.5M
+40.5%
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
$2,765,000
ML approach
$2,805,000
CAP Approach
CAP Return
Estimation
6%
$2,810,000
6.5%
$2,595,000
7%
$2,410,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,810,000
Current use
COMMERCIAL (GENERAL)
$3,715,000
Change: +105% · Conversion: Difficult
OFFICE BUILDING
$3,190,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$2,540,000
Change: +40% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,385,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$2.81M
Range $2.53M – $3.09M · ±10% · vs last sale $2.95M (Apr 22 2022)
Last sale anchor
$2.95M
Apr 22 2022
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
$125 / 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
$40,568
Tax year 2023
Assessed value
$57,390
Assessed 2023
Previous assessed
$57,390
+0.0% YoY
Effective rate
70.69%
On assessed value
Assessed land
$13,163
Assessed improvement
$44,227
Land market value
$219,389
Improvement market value
$737,122
Total market value
$956,511
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
1994
Heating
FORCED AIR
Bathrooms
1
Total area
22,440 SF
Lot
0.94 ac (40,946 SF)
Zoning code
LC
APN
004300-05-020
UPID
US77-0785056
Jurisdiction
LEXINGTON
Zoning & alternative use
LC · Lexington, SC
Zoning LC · permitted uses
LC · 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
WAREHOUSE, STORAGE Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1994
Heating
FORCED AIR
Bathrooms
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Tcb Capital LLC
Entity
Mailing address
110 ASHWORTH DR, LEXINGTON, SC 29072-8828
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
—
Tcb Capital LLC
—
Deed
related
$3,450,000 · M&s Investors LLC
Apr 22, 2022
$2,950,000
Tcb Capital LLC
M&s Investors LLC
Warranty Deed
$3,450,000 · M&s Investors LLC
Jul 5, 2012
—
M & S Investors LLC
Macklen,steven & Melody
Grant Deed
$825,000 · Pnc 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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