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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Office buildings
175 Rich Lex Dr, Lexington, SC 29072-8925
Entity Owned
Free & Clear
Property ID
US77-2904979
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
10,620 SF
Lot
5.5 ac (239,580 SF)
Zoning code
ID
APN
003698-03-059
UPID
US77-2904979
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
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.65M
Owner & transaction history
Rich Lex Industrial LLC
Rich Lex Industrial LLC
since 2026
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
ID · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+71.1%
Restaurant
$2.6M
+69.2%
Medical building
$2.3M
+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
$1,645,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,510,000
Current use
AUTO REPAIR, GARAGE
$2,580,000
Change: +71% · Conversion: Difficult
RESTAURANT
$2,555,000
Change: +69% · Conversion: Moderate
MEDICAL BUILDING
$2,255,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,760,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $1.65M (Dec 4 2024)
Last sale anchor
$1.65M
Dec 4 2024
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
$155 / 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
$14,201
Tax year 2023
Assessed value
$44,215
Assessed 2023
Previous assessed
$44,215
+0.0% YoY
Effective rate
32.12%
On assessed value
Assessed land
$13,200
Assessed improvement
$31,015
Land market value
$220,000
Improvement market value
$516,914
Total market value
$736,914
Applied tax rate
2.0000
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
1985
Heating
FORCED AIR
Bathrooms
3
Total area
10,620 SF
Lot
5.5 ac (239,580 SF)
Zoning code
ID
APN
003698-03-059
UPID
US77-2904979
Jurisdiction
LEXINGTON
Zoning & alternative use
ID · Lexington, SC
Zoning ID · permitted uses
ID · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RESTAURANT
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
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
1985
Heating
FORCED AIR
Bathrooms
3
Lot
5.5 ac
Current owner
From public records · entity-resolved
Rich Lex Industrial LLC
Entity
Free & Clear · 0 yrs held
Mailing address
11524 WILMAR BLVD, CHARLOTTE, NC 28273-6448
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2026
$1,935,000
Rich Lex Industrial LLC
175 Rich-lex LLC
Special Warranty Deed
—
Dec 4, 2024
$1,647,059
175 Rich Lex LLC
H Edwards & Associates LLC
Deed
$10,656,000 · Rga Reinsurance Company
Apr 11, 2019
$800,000
H Edwards & Associates LLC
200 Rich Lex Drive LLC
Deed
$1,020,000 · First Reliance Bank
May 8, 2008
$706,666
200 Rich Lex Drive LLC
Watkins,william L III
Grant Deed
$903,398 · First Reliance Bank
May 8, 2008
—
200 Rich Lex Drive LLC
Watkins,william L III
Grant Deed
related
—
May 7, 2008
—
200 Rich Lex Drive LLC
Watkins,william L III
Grant Deed
related
—
Feb 16, 2006
$256,120
William L Watkins III
Riverchase Associates
Grant Deed
—
—
—
William L Watkins III
—
Deed Of Trust
related
$151,230 · First Reliance 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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