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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Warehouses
201 Old Fry Rd, Chapin, SC 29036-9595
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-2646095
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Total area
4,552 SF
Lot
0.79 ac (34,412 SF)
Zoning code
RD
APN
001000-05-036
UPID
US77-2646095
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
$850k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Lance Holdings LLC · 2 yrs held
Lance Holdings LLC
since 2023
Last sale
$950,000
2 recorded transactions
Zoning & alternative use
RD · Chapin, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$965,000
+158.9%
Commercial (general)
$625,000
+67.2%
Office building
$555,000
+49.3%
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 Chapin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chapin 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
$870,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$570,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$965,000
Change: +159% · Conversion: Difficult
COMMERCIAL (GENERAL)
$625,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$555,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$555,000
Change: +49% · Conversion: Easy
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $950k (Nov 3 2023)
Last sale anchor
$950k
Nov 3 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
$199 / 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
$3,462
Tax year 2023
Assessed value
$8,014
Assessed 2023
Previous assessed
$8,014
+0.0% YoY
Effective rate
43.20%
On assessed value
Assessed land
$1,722
Assessed improvement
$6,292
Land market value
$28,700
Improvement market value
$104,868
Total market value
$133,568
Applied tax rate
5.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
NONE
Total area
4,552 SF
Lot
0.79 ac (34,412 SF)
Zoning code
RD
APN
001000-05-036
UPID
US77-2646095
Jurisdiction
LEXINGTON
Zoning & alternative use
RD · Chapin, SC
Zoning RD · permitted uses
RD · Chapin, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chapin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$965,000
COMMERCIAL (GENERAL)
Est. value
$625,000
OFFICE BUILDING
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$555,000
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1990
Heating
NONE
Lot
0.79 ac
Current owner
From public records · entity-resolved
Lance Holdings LLC
Entity
Free & Clear · 2 yrs held
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2023
$200,000
Lance Holdings LLC
Randall B Hayes
Deed
—
Nov 3, 2023
$950,000
Randall B Hayes
Lance Holdings LLC
Bargain And Sale Deed
—
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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