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Property profile & analytics
FOR LEASE
Warehouses
245 Laurel Rd, Lexington, SC 29073
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-0929641
For Lease
$1,500/Mo
245 Laurel Rd, Lexington, SC 29073
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Total area
7,686 SF
Lot
2.93 ac (127,631 SF)
Zoning code
ID
APN
004498-03-075
UPID
US77-0929641
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
$1.30M
CAP Approach
CAP
$890k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Hc Land Ventures 2 LLC · 2 yrs held
Hc Land Ventures 2 LLC
since 2024
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
ID · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+178.3%
Restaurant
$1.9M
+175.2%
Medical building
$1.6M
+143.0%
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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,870,000
Change: +178% · Conversion: Easy
RESTAURANT
$1,850,000
Change: +175% · Conversion: Difficult
MEDICAL BUILDING
$1,630,000
Change: +143% · Conversion: Difficult
OFFICE BUILDING
$1,025,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +30% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Feb 29 2024)
Last sale anchor
$1.30M
Feb 29 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
$169 / 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
$6,867
Tax year 2023
Assessed value
$14,763
Assessed 2023
Previous assessed
$14,763
+0.0% YoY
Effective rate
46.51%
On assessed value
Assessed land
$7,185
Assessed improvement
$7,578
Land market value
$265,364
Improvement market value
$126,307
Total market value
$391,671
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1985
Heating
FORCED AIR
Bathrooms
3
Total area
7,686 SF
Lot
2.93 ac (127,631 SF)
Zoning code
ID
APN
004498-03-075
UPID
US77-0929641
Jurisdiction
LEXINGTON
Zoning & alternative use
ID · Lexington, SC
Zoning ID · permitted uses
ID · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.9M
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$925,000
RETAIL STORES
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Heating
FORCED AIR
Bathrooms
3
Lot
2.93 ac
Current owner
From public records · entity-resolved
Hc Land Ventures 2 LLC
Entity
Mailing address
130 DUTCHMAN BLVD, IRMO, SC 29063-8330
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
—
Hc Land Ventures 2 LLC
Sue D Mayo
Quit Claim Deed
related
$1,478,750 · Hometrust Bank
Feb 29, 2024
$1,300,000
Hc Land Ventures 2 LLC
Sue D Mayo
Deed
$1,478,750 · Hometrust Bank
Oct 24, 2022
—
Edward S Davis
Sue D Mayo
Deed
—
Dec 16, 2014
—
Davis,edward E Trust B
Davis Edward E Trust
Quit Claim Deed
related
—
Apr 8, 2005
—
Davis Edward E Trust
Davis,edward E & Mary O
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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