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    Property profile & analytics

    1605 Lk Dr Lexington, SC 29072-9356

    • Bars
    • 4,550 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimation
    $780,000
    Last Sale
    Aug 05, 2022
    $800,000
    Location Intelligence
    Property ID
    US77-0588650
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tee'd Up / Indoor Golf Course / Bar
    • ATM / Atm

    Property Details for 1605 Lk Dr

    Year built
    2006
    Lot size
    0.76 lot acres
    Property size
    4,550 SF
    Property type
    Bars
    APN
    003418-01-008
    APU
    341801008

    Description

    This exceptional commercial property, encompassing approximately 4,400 square feet, sits on a desirable 0.77-acre lot in the heart of scenic Lake Murray country. Its prime location offers unparalleled accessibility, less than half a mile from the Lake Murray Dam and under three miles from the town of Lexington. The property benefits from high visibility and convenient access to both downtown Lexington and Irmo, boasting a significant daily traffic count of 29,700 vehicles per day according to the South Carolina Department of Transportation's 2023 data. Ample parking is ensured through a pre-existing agreement with an adjacent property (agreement details available upon request). The sale includes some existing fixtures and furnishings, with others negotiable. Note that the currently operating business within the building is also available for purchase separately. Given the ongoing business operations, showings are strictly by appointment only to ensure minimal disruption. This presents a unique opportunity for an entrepreneur seeking a thriving business location in a highly attractive area near the popular recreational destination of Lake Murray. This property is ideal for a business seeking high visibility and convenient access to a large customer base.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $845,000
      6.5%
      $760,000
      7%
      $770,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $695,000
      Geo Method
      $890,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $820,000
      Retail
      $1,025,000
      Mixed-Use
      $885,000
      Hospitality
      $960,000
      Educational
      $1,005,000
      Residential Income
      $870,000
      Energy
      $1,050,000
      Income-Based Land
      $885,000
      Food Service
      $790,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.221
    Latitude
    34.0285
    CBSA code
    17900
    CBSA name
    COLUMBIA, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,593
    $9,408
    $18,624
    $28,032
    -
    $156,800
    $310,400
    $467,200

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    Lexington, SC 29072-9356
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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