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    328 Main St Lexington, SC 29072-2636
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    Property profile & analytics

    328 Main St, Lexington, SC 29072-2636

    View on Map
    • Hotels
    • 24,198 SF
    • 1.34 lot acres
    Off-Market
    Property ID
    US77-0602334
    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
    $1,365,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lexington Hospitality / Hotel & Motel

    Property Details for 328 Main St

    Year built
    1988
    Lot size
    1.34 lot acres
    Zone code
    GC
    Property type
    Hotels
    APN
    004322-10-005
    APU
    432210005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 18, 2022 — Pralax LLC — Deed · related $3M · First Palmetto Bank
    Dec 20, 2019 $3,890,000 Pralax LLC Dv Corp Grant Deed $3.8M · Promiseone Bk
    — — Dv Corp — Deed Of Trust · related $1.5M · First Chatham Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,239,000
      Market price range: $327k - $1.37M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,935,000
      WAREHOUSE, STORAGE
      $1,390,000
      RETAIL STORES
      $1,320,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2424
    Latitude
    33.9859
    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
    $98,755
    $36,000
    $154,800
    $190,800
    -
    $600,000
    $2,580,000
    $3,180,000

    Comparable in this City

    • Value Estimation
      $3,380,000
      66,043 SF

      4751 Sunset Blvd

      HOTEL
      4751 Sunset Blvd, Lexington, SC 29072-9151
      View Details
    • Value Estimation
      $805,000
      39,882 SF

      131 Innkeeper Dr

      HOTEL
      131 Innkeeper Dr, Lexington, SC 29072-7405
      View Details
    • Value Estimation
      $1,025,000
      52,296 SF

      325 Main St

      HOTEL
      325 Main St, Lexington, SC 29072-2635
      View Details
    • Value Estimation
      $5,550,000
      38,716 SF

      601 Columbia Ave

      HOTEL
      601 Columbia Ave, Lexington, SC 29072-2667
      View Details
    • Value Estimation by Request
      2.50 Acres

      378 Hwy

      Land
      378 Hwy, Lexington, SC 29072
      View Details
    • Value Estimation by Request
      2.49 Acres

      487 Us-378

      Restaurants
      487 Us-378, Lexington, SC 29072
      View Details

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      2,430 SF

      Shop/Warehouse on 14.54 Acres

      Versatile shop/warehouse with large laydown yard on 14.54 acres.
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    Similar Nearby for Lease

    • Contact for pricing

      111 Library Hill Ln, Lexington, SC 29072

      Office Units
      111 Library Hill Ln, Lexington, SC 29072
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      2,409 SF

      Retail Space on Sunset Boulevard

      Retail space available for rent in Lexington, South Carolina.
      5222 Sunset Blvd, Lexington, SC 29072
      View Details
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      Retail/Office Space in Lexington Center

      Retail or office space available in Lexington's shopping district.
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      New Lexington Office Space Available

      Newly constructed Class A office space for lease in Lexington.
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      Retail space available in Lexington, SC with high traffic.
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      3,600 SF

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      5446 Sunset Blvd, Lexington, SC 29072
      View Details
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    328 Main St
    Lexington, SC 29072-2636
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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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    328 Main St, Lexington, SC, 29072
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