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    3024 Hwy 6th 6 Gaston, SC 29053
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    Property profile & analytics

    3024 Hwy 6th 6, Gaston, SC 29053

    View on Map
    • Retail space
    • 9,165 SF
    • 1.71 lot acres
    Off-Market
    Last Sale Dec 16, 2021
    $1,919,085
    Property ID
    US77-2212893
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,640,000
    Show details
    Cap Rate Potential
    5.4%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 3024 Hwy 6th 6

    Year built
    2021
    Lot size
    1.71 lot acres
    Zone code
    ID
    Property type
    Retail space
    APN
    010900-02-250
    APU
    1090002250

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 16, 2021 $1,919,085 Sunshine Properties Of Lexington Ll Cdp Lexington 2 LLC Warranty Deed —
    May 19, 2021 $179,000 Cdp Lexington 2 LLC Matek INC Warranty Deed $1.1M · South State Bank NA
    — — Matek INC — Deed Of Trust · related $100k · First Palmetto Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,695,000
      ML approach
      $1,685,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,540,000
      6.5%
      $1,420,000
      7%
      $1,320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,216,000
      Market price range: $424k - $1.22M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,205,000
      MEDICAL BUILDING
      $1,945,000
      COMMERCIAL (GENERAL)
      $1,195,000
      OFFICE BUILDING
      $1,120,000
      AUTO REPAIR, GARAGE
      $1,115,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gaston
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1893
    Latitude
    33.8092
    CBSA code
    17900
    CBSA name
    COLUMBIA, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,713
    $10,740
    $104,405
    $115,145
    -
    $179,000
    $1,740,085
    $1,919,085

    Comparable in this City

    • Value Estimation
      $890,000
      24,107 SF

      185 Main St

      RETAIL STORES (PERSONAL SERVICES)
      185 Main St, Gaston, SC 29053-9248
      View Details
    • Value Estimation by Request
      3,032 SF

      1432 Hwy 6th 6

      RETAIL STORES (PERSONAL SERVICES)
      1432 Hwy 6th 6, Gaston, SC 29053-9778
      View Details
    • Value Estimation by Request
      1,500 SF

      166 Main St

      RETAIL STORES (PERSONAL SERVICES)
      166 Main St, Gaston, SC 29053-9248
      View Details
    • Value Estimation by Request
      5,000 SF

      5353 Hwy 321

      RETAIL STORES (PERSONAL SERVICES)
      5353 Hwy 321, Gaston, SC 29053
      View Details
    • Value Estimation by Request
      2,450 SF

      2603 Hwy 6th 6

      RETAIL STORES (PERSONAL SERVICES)
      2603 Hwy 6th 6, Gaston, SC 29053-9791
      View Details
    • Value Estimation
      $870,000
      6,840 SF

      5211 Hwy 321

      RETAIL STORES (PERSONAL SERVICES)
      5211 Hwy 321, Gaston, SC 29053-9197
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • Contact for pricing
      18,700 SF

      Anchored Retail Center For Sale

      Anchored retail center with long-term tenants and strong growth potential.
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    • $33,000
      1.82 Acres

      Gaston, SC Land Opportunity

      Almost 2 acres of land for a new home.
      124 Boggy Branch Ct, Gaston, SC 29053
      View Details
    • $315,000
      9.00 Acres

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      9 acres in Gaston, SC, ideal for multiple homesites.
      223 Mimosa Dr, Gaston, SC 29053
      View Details
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      Highway Frontage Land For Sale

      3.66 acres with highway frontage suitable for commercial or residential.
      111 Allen Valley Rd, Gaston, SC 29053
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    • Contact for pricing

      Land For Sale

      Land available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      202,000 SF

      Industrial Space Available for Sublease

      Up to 202,000 SF available for sublease in Gaston, SC.
      115 15 St, Gaston, SC 29053
      View Details
    • Contact for pricing
      50,000 SF

      Modern Industrial Warehouse Near I-26

      50,000 SF warehouse with convenient I-26 access.
      36 Sirens Ln, Gaston, SC 29053
      View Details
    • Contact for pricing
      519,792 SF

      Sandy Run Industrial Park Phase II

      Gaston, SC: 519,792 SF Industrial Space
      115 15 St, Gaston, SC 29053
      View Details
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    Gaston, SC 29053
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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