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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail space
205 Ron Mcnair Blvd Lake City, SC 29560-2437
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1867689
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Total area
6,320 SF
Lot
0.72 ac (31,226 SF)
Zoning code
HB
APN
80007-02-002
UPID
US77-1867689
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
-
Qantum OF Florence Llc Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$520k
Owner & transaction history
Cme Holdings LLC · 2 yrs held
Cme Holdings LLC
since 2023
Last sale
$525,000
4 recorded transactions
Zoning & alternative use
HB · Lake City, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$650,000
+66.9%
Commercial (general)
$555,000
+41.7%
Auto repair, garage
$390,000
+0.1%
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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
$505,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
RETAIL STORES
$390,000
Current use
OFFICE BUILDING
$650,000
Change: +67% · Conversion: Easy
COMMERCIAL (GENERAL)
$555,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$390,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $525k (Apr 2 2024)
Last sale anchor
$525k
Apr 2 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
$82 / 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
$10,397
Tax year 2023
Assessed value
$15,750
Assessed 2023
Previous assessed
$15,750,008
-99.9% YoY
Effective rate
66.01%
On assessed value
Assessed land
$4,708
Assessed improvement
$11,042
Land market value
$117,700
Improvement market value
$276,050
Total market value
$393,750
Applied tax rate
320.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Heating
NONE
Total area
6,320 SF
Lot
0.72 ac (31,226 SF)
Zoning code
HB
APN
80007-02-002
UPID
US77-1867689
Jurisdiction
FLORENCE
Zoning & alternative use
HB · Lake City, SC
Zoning HB · permitted uses
HB · Lake City, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$390,000
OFFICE BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$390,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1994
Heating
NONE
Lot
0.72 ac
Current owner
From public records · entity-resolved
Cme Holdings LLC
Entity
Mailing address
3284 COR RD, NEW ZION, SC 29111-9168
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 31, 2023
$525,000
Cme Holdings LLC
Linda L Harrington
Deed
$378,109 · The Citizens Bank
Aug 17, 2018
$525,000
Lavender,abraham D Trust
Brown & Company Of South INC
Grant Deed
—
Aug 8, 2018
$262,000
Brown & Co South INC
Kelley,charles M
Grant Deed
—
Aug 8, 2018
—
Charles M Kelley
Kelbro Investments
Grant 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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