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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Apartment buildings
201 Chesterfield Ave Lancaster, SC 29720-3500
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-2235634
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
WOOD
Total area
50,637 SF
Lot
2.42 ac (105,415 SF)
Zoning code
CITY
APN
0081A-0G-005.00
UPID
US77-2235634
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
-
Lancaster Manor Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.53M
Owner & transaction history
Lancaster Manor 2022 LLC · 3 yrs held
Lancaster Manor 2022 LLC
since 2023
Last sale
$4.6M
4 recorded transactions
Zoning & alternative use
CITY · Lancaster, SC
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$4,155,000
ML approach
$4,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,210,000
Change: 0% · Conversion: Moderate
RESTAURANT
$3,760,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,975,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,870,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±10% · vs last sale $4.55M (Jul 25 2023)
Last sale anchor
$4.55M
Jul 25 2023
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
$89 / 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
$55,074
Tax year 2023
Assessed value
$119,958
Assessed 2023
Previous assessed
$119,958
+0.0% YoY
Effective rate
45.91%
On assessed value
Assessed land
$10,260
Assessed improvement
$109,698
Land market value
$171,000
Improvement market value
$1,828,300
Total market value
$1,999,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Bathrooms
4
Total area
50,637 SF
Lot
2.42 ac (105,415 SF)
Zoning code
CITY
APN
0081A-0G-005.00
UPID
US77-2235634
Jurisdiction
LANCASTER
Zoning & alternative use
CITY · Lancaster, SCZoning CITY · permitted uses
CITY · Lancaster, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.2M
RESTAURANT
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
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
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Bathrooms
4
Lot
2.42 ac
Current owner
From public records · entity-resolved
Lancaster Manor 2022 LLC
Entity
Mailing address
20250 HARPER AVE, DETROIT, MI 48225-1713
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2023
$4,550,000
Lancaster Manor 2022 LLC
Lancaster Manor II LLC
Warranty Deed
—
Jun 7, 2006
$2,233,447
Lancaster Manor II LLC
Lancaster Manor LLC
Grant Deed
$2,150,000 · Bank Of America
Feb 28, 2006
$1,295,500
Lancaster Manor LLC
Lancaster Apts Associates
Grant Deed
—
—
—
Lancaster Manor II LLC
—
Deed Of Trust
related
$1,075,000 · Bank Of America
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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