Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    167 Hwy 378 Lexington, SC 29072-9173
    Back to Search
    Property profile & analytics

    167 Hwy 378, Lexington, SC 29072-9173

    View on Map
    • Specialty properties
    • 4,600 SF
    • 0.93 lot acres
    Off-Market
    Property ID
    US77-0632696
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 167 Hwy 378

    Year built
    1987
    Lot size
    0.93 lot acres
    Zone code
    ID
    Property type
    Specialty properties
    APN
    004218-02-005
    APU
    421802005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2022 — His House Of Columbia INC — Deed · related $220k · First Community Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2618
    Latitude
    33.9839
    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
    2022
    $0.00
    $12,156
    $11,945
    $24,101
    -
    $202,600
    $199,082
    $401,682

    Comparable in this City

    • Value Estimation by Request
      2,316 SF

      703 Beckley Ct

      CHARITABLE ORGANIZATION
      703 Beckley Ct, Lexington, SC 29072-7971
      View Details
    • Value Estimation by Request
      4,172 SF

      210 Glassmaster Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      210 Glassmaster Rd, Lexington, SC 29072-3712
      View Details
    • Value Estimation by Request
      1,172 SF

      603 Hendrix St

      FUNERAL HOME
      603 Hendrix St, Lexington, SC 29072-2535
      View Details
    • Value Estimation
      $640,000
      13,960 SF

      654 Ginny Ln

      VETERINARY, ANIMAL HOSPITAL
      654 Ginny Ln, Lexington, SC 29072-8042
      View Details
    • Value Estimation by Request
      10,876 SF

      609 Northwood Rd

      FUNERAL HOME
      609 Northwood Rd, Lexington, SC 29072-2129
      View Details
    • Value Estimation by Request
      3,200 SF

      107 Cats Paw

      PROFESSIONAL CLUBS/ASSOCIATIONS
      107 Cats Paw, Lexington, SC 29072-8120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      Augusta Road Commercial Property

      Commercial property for sale on Augusta Road.
      5380 Augusta Rd, Lexington, SC 29072
      View Details
    • Contact for pricing

      Innovation Place Commercial Property

      Commercial property for sale in Lexington, South Carolina.
      100 Innovation Pl, Lexington, SC 29072
      View Details
    • $399,000
      1,600 SF

      Commercial Opportunity Near Downtown Lexington

      Centrally located commercial property near Lexington's business core.
      108 N Lake Dr, Lexington, SC 29072
      View Details
    • Contact for pricing

      Lexington Commercial Property For Sale

      Commercial property for sale in Lexington, adjacent to I-20.
      137 Business Park Dr, Lexington, SC 29072
      View Details
    • Contact for pricing
      4,715 SF

      Medical NNN Investment Opportunity

      Single tenant medical property for sale in Lexington, SC.
      125 Park Place Ct, Lexington, SC 29072
      View Details
    • Contact for pricing

      Former Bowling Alley on 3.3 Acres

      30,000 SF flexible space in high-traffic area.
      5380 Augusta Rd, Lexington, SC 29072
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial property available for lease in Lexington, SC.
      151 Riverchase Way, Lexington, SC 29072
      View Details
    • Contact for pricing

      Sunset Boulevard Retail Opportunity

      Retail space available on Sunset Blvd with high traffic.
      5440 Sunset Blvd, Lexington, SC 29072
      View Details
    • Contact for pricing

      Freestanding Building on 1.5 Acres

      7,500-SF building on 1.5 acres near Downtown Lexington.
      200 Wise Ferry Rd, Lexington, SC 29072
      View Details
    • Contact for pricing

      Office/Flex Building with Warehouse

      Office/flex building with warehouse space and fenced yard.
      1773 W Main St, Lexington, SC 29072
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Warehouse with Fenced Yard

      15,000 SF warehouse with office, yard, and ample parking.
      439 Burton Rd, Lexington, SC 29072
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    167 Hwy 378
    Lexington, SC 29072-9173
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    167 Hwy 378, Lexington, SC, 29072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!