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Property profile & analytics
FOR SALE
Strip malls
400 W Main St Lexington, SC 29072
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1306947
For Sale
Contact for pricing
400 W Main St, Lexington, SC 29072
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Total area
5,600 SF
Lot
1.28 ac (55,757 SF)
Zoning code
GC
APN
004322-10-003
UPID
US77-1306947
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
-
Classy nails and spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$1.44M
Owner & transaction history
Sj Lexington LLC · 2 yrs held
Sj Lexington LLC
since 2023
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
GC · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to allow most commercial uses in locations where such uses benefit the public health, safety, and general welfare
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,717.97 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.4M
+128.7%
Restaurant
$1.3M
+126.2%
Medical building
$1.2M
+99.7%
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
$1,395,000
ML approach
$1,505,000
CAP Approach
CAP Return
Estimation
6%
$1,345,000
6.5%
$1,240,000
7%
$1,155,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,360,000
Change: +129% · Conversion: Difficult
RESTAURANT
$1,345,000
Change: +126% · Conversion: Difficult
MEDICAL BUILDING
$1,190,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10% · vs last sale $1.53M (Oct 3 2023)
Last sale anchor
$1.53M
Oct 3 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
$257 / 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
Assessed value
$55,800
Assessed 2023
Previous assessed
$55,800
+0.0% YoY
Assessed land
$28,710
Assessed improvement
$27,090
Land market value
$478,500
Improvement market value
$451,500
Total market value
$930,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1970
Heating
FORCED AIR
Bathrooms
2
Total area
5,600 SF
Lot
1.28 ac (55,757 SF)
Zoning code
GC
APN
004322-10-003
UPID
US77-1306947
Jurisdiction
LEXINGTON
Zoning & alternative use
GC · Lexington, SCZoning GC · permitted uses
GC · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to allow most commercial uses in locations where such uses benefit the public health, safety, and general welfare
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,717.97 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$925,000
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1970
Heating
FORCED AIR
Bathrooms
2
Lot
1.28 ac
Current owner
From public records · entity-resolved
Sj Lexington LLC
Entity
Mailing address
3507 N MAIN ST, COLUMBIA, SC 29203-6436
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
$1,525,000
Sj Lexington LLC
400 W Main LLC
Deed
$1,000,000 · Td Bank NA
Mar 16, 2023
—
400 W Main LLC
—
Deed
related
$180,000 · First Capital Bank
Oct 13, 2021
$930,000
400 W Main LLC
Rebecca Jo Harmon Porth
Deed
$1,080,000 · First Capital Bank
Oct 13, 2021
—
400 W Main LLC
Rebecca Jo Harmon Porth
Quit Claim Deed
related
—
Apr 10, 2019
—
Rebecca J H Porth
Harmon Roxie H
Quit Claim 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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