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Property profile & analytics
FOR SALE
Strip malls

1235 Chapin Rd Chapin, SC 29036

46,031 SF 12.16 ac lot Built 2016
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US77-0918639
Property summary
AI-generated overview

Exceptional commercial land investment opportunity in Chapin, South Carolina, available in parcels ranging from 0.84 to 4.45 acres. This property is part of the high-performing Chapin Crossings Shopping Center, anchored by a Publix supermarket that boasts some of the best sales figures in the Carolinas since its opening in Q3 2016. The center also features a strong lineup of national tenants including Anytime Fitness, Pacific Dental, Marco's Pizza, Jersey Mike's, and Verizon Wireless. These businesses benefit from a wider-than-average customer draw due to the surrounding lakefront residential areas. A new building was added to the center in Q3 2018. The location is ideal, situated in the heart of downtown Chapin near Lake Murray, a high-growth market. The property is zoned for General Commercial use and presents excellent potential for various businesses, including retail, fast food, medical/urgent care, pet supply stores, banks/credit unions, and restaurants (breakfast and dinner). The area's economic strength is further enhanced by the presence of Samsung's new home appliance manufacturing facility in nearby Newberry, employing approximately 800 workers. High traffic counts of 13,400 vehicles per day (VPD, 2021) underscore the significant visibility and accessibility of this location. This is a rare opportunity to acquire land in a thriving, established commercial center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2016
Total area 46,031 SF
Lot 12.16 ac (529,690 SF)
Zoning code GC
APN 000721-02-017
UPID US77-0918639
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.51M
Blend (final) Blend
$5.54M
Owner & transaction history
Chapin & Lex LLC · 11 yrs held
Chapin & Lex LLC
since 2015
7 recorded transactions
2021
Price N/A
2021
Price N/A
2015
Price N/A
2015
$4.2M
2006
Price N/A
1999
$550,000
1969
Price N/A
Zoning & alternative use
GC · Chapin, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.3M +29.0%
Office building $5.6M +15.1%
Auto repair, garage $5.6M +14.6%
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