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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Office buildings
1324 Lk Dr Lexington, SC 29072-7673
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-0367363
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
6,254 SF
Lot
2.91 ac (126,760 SF)
Zoning code
ID
APN
003400-04-062
UPID
US77-0367363
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
-
The Arc of the Midlands Social Service Agency
-
premier etitlelien Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.23M
Owner & transaction history
1324 North Lake Drive LLC · 4 yrs held
1324 North Lake Drive LLC
since 2022
6 recorded transactions
Zoning & alternative use
ID · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+71.1%
Restaurant
$1.5M
+69.2%
Medical building
$1.3M
+49.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,490,000
6.5%
$1,375,000
7%
$1,280,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$890,000
Current use
AUTO REPAIR, GARAGE
$1,520,000
Change: +71% · Conversion: Difficult
RESTAURANT
$1,505,000
Change: +69% · Conversion: Moderate
MEDICAL BUILDING
$1,325,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,035,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
$197 / 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
$33,178
Tax year 2023
Assessed value
$67,501
Assessed 2023
Previous assessed
$67,501
+0.0% YoY
Effective rate
49.15%
On assessed value
Assessed land
$22,262
Assessed improvement
$45,239
Land market value
$371,025
Improvement market value
$753,975
Total market value
$1,125,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Bathrooms
3
Total area
6,254 SF
Lot
2.91 ac (126,760 SF)
Zoning code
ID
APN
003400-04-062
UPID
US77-0367363
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1998
Heating
FORCED AIR
Bathrooms
3
Lot
2.91 ac
Current owner
From public records · entity-resolved
1324 North Lake Drive LLC
Entity
Mailing address
9 MORNING LK CT, LEXINGTON, SC 29072-7590
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$1,500,000
1324 North Lake Drive LLC
Mary R Burnside
Quit Claim Deed
related
$1,000,000 · Arthur State Bank
Sep 18, 2017
—
1324 North Lake Drive LLC
Burnside,richard N
Grant Deed
—
Sep 29, 2015
$1,073,750
Richard N Burnside
Decision Dynamics INC
Grant Deed
—
Mar 8, 2013
$485,000
Decision Dynamics INC
Bayview Loan Servicing LLC
Limited Warranty Deed
$485,000 · First Citizens Bank And Trust Co INC
Mar 23, 2012
$2,500
Bayview Ln Svcg LLC
Special Referee Of Lexington Cnty
Trustees Deed
related
—
—
—
Randy D Lanier
—
Deed Of Trust
related
$650,000 · Interbay Funding LLC
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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