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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Strip malls
1223 Lk Dr Lexington, SC 29073-6889
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US77-0346104
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
11,408 SF
Lot
1.28 ac (55,757 SF)
Zoning code
ID
APN
005499-05-015
UPID
US77-0346104
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
-
MEGAN S BOLTIN Pediatrician Medical Clinic
-
Daniel Powers Pediatrician Medical Clinic
-
Ira David Uretzky, M.D, FACS Physician
-
Dr. Angela Schweiger Dental Office
-
Kourtland Haile Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$370k
Blend (final)
Blend
$530k
Owner & transaction history
South Lake Dev LLC · 21 yrs held
South Lake Dev LLC
since 2004
7 recorded transactions
Zoning & alternative use
ID · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$46 / 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
$25,564
Tax year 2023
Assessed value
$52,014
Assessed 2023
Previous assessed
$52,014
+0.0% YoY
Effective rate
49.15%
On assessed value
Assessed land
$6,433
Assessed improvement
$45,581
Land market value
$107,222
Improvement market value
$759,676
Total market value
$866,898
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
2007
Heating
FORCED AIR
Bathrooms
2
Total area
11,408 SF
Lot
1.28 ac (55,757 SF)
Zoning code
ID
APN
005499-05-015
UPID
US77-0346104
Jurisdiction
LEXINGTON
Zoning & alternative use
ID · Lexington, SCZoning ID · permitted uses
ID · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Bathrooms
2
Lot
1.28 ac
Current owner
From public records · entity-resolved
South Lake Dev LLC
Entity
Mailing address
STE D D, LEXINGTON, SC 29073
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2018
—
South Lake Dev LLC
—
Deed
related
$950,000 · Southern First Bk NA
Jun 30, 2014
—
South Lake Dev LLC
—
Trustees Deed
related
$100,000 · Vista Bk
Dec 29, 2004
—
South Lake Dev LLC
King,william W III
Grant Deed
related
—
—
—
South Lake Dev LLC
—
Deed Of Trust
related
$324,747 · Plantation Federal Bank
—
—
South Lake Dev LLC
—
Deed Of Trust
related
$968,750 · Vista Bk
—
—
South Lake Dev LLC
—
Deed Of Trust
related
$950,000 · Southern First Bk NA
—
—
South Lake Dev LLC
—
Deed Of Trust
related
$324,747 · Plantation Federal 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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