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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Medical Office Space
204 Palmetto Park Blvd Lexington, SC 29072-7851
Individually Owned
2-yr Hold
Free & Clear
Property ID
US77-2942987
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
8,656 SF
Lot
1.25 ac (54,450 SF)
Zoning code
GC
APN
004300-03-074
UPID
US77-2942987
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
-
Bryan M. Rabon, MDiv Doctor Counselor
-
Kay S. Jordan, MS Counselor
-
Tara R. Stevens Kratzer, MSW Counselor
-
Sarah Huntington Counselor
-
Lisa Silverthorn Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.04M
Owner & transaction history
Special Olympics South Carolina · 2 yrs held
Special Olympics South Carolina
since 2023
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
GC · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to allow most commercial uses in locations where such uses benefit the public health, safety, and general welfare
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,717.97 ac
Source
Realmo
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
$985,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$1,550,000
6.5%
$1,430,000
7%
$1,325,000
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.08M (Aug 28 2023)
Last sale anchor
$1.08M
Aug 28 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
$120 / 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
$32,608
Tax year 2023
Assessed value
$63,000
Assessed 2023
Previous assessed
$63,000
+0.0% YoY
Effective rate
51.76%
On assessed value
Assessed land
$16,338
Assessed improvement
$46,662
Land market value
$272,300
Improvement market value
$777,700
Total market value
$1,050,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Heating
CENTRAL
Bathrooms
2
Total area
8,656 SF
Lot
1.25 ac (54,450 SF)
Zoning code
GC
APN
004300-03-074
UPID
US77-2942987
Jurisdiction
LEXINGTON
Zoning & alternative use
GC · Lexington, SCZoning GC · permitted uses
GC · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to allow most commercial uses in locations where such uses benefit the public health, safety, and general welfare
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,717.97 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1992
Heating
CENTRAL
Bathrooms
2
Lot
1.25 ac
Current owner
From public records · entity-resolved
Special Olympics South Carolina
Individual
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2023
$1,079,000
Special Olympics South Carolina
Chen Properties LLC
Limited Warranty Deed
—
Jun 17, 2005
$820,000
Chen Properties LLC
Palmetto Park Assocs-204 Palme
Grant Deed
—
—
—
Park Assocs-204 Palme Palmetto
—
Deed Of Trust
related
$3,500,000 · Wachovia Bank NA
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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