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Property profile & analytics
OFF-MARKET
Estimated value
$2,035,000
Strip malls
1766 Lk Dr, Lexington, SC 29073-6873
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US77-2652352
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2015
Total area
7,200 SF
Lot
1 ac (43,560 SF)
Zoning code
RD
APN
006500-04-249
UPID
US77-2652352
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
-
Marco's Pizza Restaurant
-
Red Bank Discount Beverage (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Jersey Mike's Subs Take-out & Catering
-
South Lexington Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.36M
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.04M
Owner & transaction history
Northbridge Investors LP · 6 yrs held
Northbridge Investors LP
since 2020
Last sale
$2.0M
1 recorded transaction
Zoning & alternative use
RD · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+128.7%
Restaurant
$1.7M
+126.2%
Medical building
$1.5M
+99.7%
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
$2,315,000
ML approach
$2,355,000
CAP Approach
CAP Return
Estimation
6%
$1,730,000
6.5%
$1,595,000
7%
$1,485,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,750,000
Change: +129% · Conversion: Difficult
RESTAURANT
$1,730,000
Change: +126% · Conversion: Difficult
MEDICAL BUILDING
$1,530,000
Change: +100% · Conversion: Difficult
Blend value · Realmo final
$2.04M
Range $1.83M – $2.24M · ±10% · vs last sale $1.95M (Feb 21 2020)
Last sale anchor
$1.95M
Feb 21 2020
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
$283 / 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
Assessed value
$108,000
Assessed 2023
Previous assessed
$108,000
+0.0% YoY
Assessed land
$33,774
Assessed improvement
$74,226
Land market value
$562,893
Improvement market value
$1,237,107
Total market value
$1,800,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2015
Heating
NONE
Total area
7,200 SF
Lot
1 ac (43,560 SF)
Zoning code
RD
APN
006500-04-249
UPID
US77-2652352
Jurisdiction
LEXINGTON
Zoning & alternative use
RD · Lexington, SC
Zoning RD · permitted uses
RD · 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
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
2015
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Northbridge Investors LP
Entity
Mailing address
140 WHITE OAK LN, LEXINGTON, SC 29073-9465
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2020
$1,950,000
Northbridge Investors LP
Mojo Holdings LLC
Deed
$975,000 · South State 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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