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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
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
$2.77M
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
Zoning description
This district is designed to allow some nonintensive limited commercial uses in locations where such uses benefit the public health, safety, and general welfare
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
714.24 ac
Source
Realmo
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
$2.77M
Range $2.49M – $3.04M · ±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
$123 / 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, SCZoning LC · permitted uses
LC · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to allow some nonintensive limited commercial uses in locations where such uses benefit the public health, safety, and general welfare
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
714.24 ac
Source
Realmo
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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