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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Strip malls
223 Columbia Ave, Chapin, SC 29036-8322
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-3097789
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1968
Total area
3,674 SF
Lot
0.71 ac (30,928 SF)
Zoning code
OC
APN
000719-02-012
UPID
US77-3097789
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
$590k
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$595k
Owner & transaction history
Lou & Jo Properties LLC · 2 yrs held
Lou & Jo Properties LLC
since 2023
Last sale
$620,000
6 recorded transactions
Zoning & alternative use
OC · Chapin, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$780,000
+99.7%
Commercial (general)
$505,000
+29.0%
Office building
$450,000
+15.1%
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 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
$565,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$390,000
Current use
MEDICAL BUILDING
$780,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$505,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$450,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$450,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $620k (Aug 18 2023)
Last sale anchor
$620k
Aug 18 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
$162 / 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
$12,679
Tax year 2023
Assessed value
$28,238
Assessed 2023
Previous assessed
$28,238
+0.0% YoY
Effective rate
44.90%
On assessed value
Assessed land
$11,515
Assessed improvement
$16,723
Land market value
$191,921
Improvement market value
$278,719
Total market value
$470,640
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1968
Heating
CENTRAL
Cooling
YES
Stories
1
Bathrooms
2
Total area
3,674 SF
Lot
0.71 ac (30,928 SF)
Zoning code
OC
APN
000719-02-012
UPID
US77-3097789
Jurisdiction
LEXINGTON
Zoning & alternative use
OC · Chapin, SC
Zoning OC · permitted uses
OC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$390,000
MEDICAL BUILDING
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$505,000
OFFICE BUILDING
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$450,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1968
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Lou & Jo Properties LLC
Entity
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
—
Lou & Jo Properties LLC
West Family Properties LLC
Quit Claim Deed
related
—
Jul 13, 2023
$620,000
Lou & Jo Properties LLC
West Family Properties LLC
Limited Warranty Deed
$499,000 · Security Federal Bank
Mar 16, 2017
—
West Family Properties LLC
—
Deed
related
$418,500 · South State Bank
Feb 2, 2012
$454,500
West Family Properties LLC
Flores,ysaul S & Miriam A
Grant Deed
$360,000 · Southern First Bank NA
Jun 17, 2003
$122,500
Ysaul S Flores
—
Grant Deed
related
—
—
—
Miraflores LLC
—
Deed Of Trust
related
$487,000 · First Palmetto Savings 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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