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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Strip malls
401 Chapin Rd Chapin, SC 29036-8877
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-0370671
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
4,800 SF
Lot
4.4 ac (191,664 SF)
Zoning code
ID
APN
001100-10-040
UPID
US77-0370671
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
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$740k
Blend (final)
Blend
$625k
Owner & transaction history
Mayer Road Properties LLC · 10 yrs held
Mayer Road Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
ID · Chapin, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+99.7%
Commercial (general)
$660,000
+29.0%
Office building
$585,000
+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
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$510,000
Current use
MEDICAL BUILDING
$1,020,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$660,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$585,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$585,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10%
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
$130 / 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
$15,804
Tax year 2023
Assessed value
$36,556
Assessed 2023
Previous assessed
$36,556
+0.0% YoY
Effective rate
43.23%
On assessed value
Assessed land
$10,094
Assessed improvement
$26,462
Land market value
$168,237
Improvement market value
$441,033
Total market value
$609,270
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
2000
Heating
FORCED AIR
Bathrooms
2
Total area
4,800 SF
Lot
4.4 ac (191,664 SF)
Zoning code
ID
APN
001100-10-040
UPID
US77-0370671
Jurisdiction
LEXINGTON
Zoning & alternative use
ID · Chapin, SCZoning ID · permitted uses
ID · Chapin, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$510,000
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$660,000
OFFICE BUILDING
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$585,000
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
2000
Heating
FORCED AIR
Bathrooms
2
Lot
4.4 ac
Current owner
From public records · entity-resolved
Mayer Road Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
651 MAYER RD, LITTLE MOUNTAIN, SC 29075-8909
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2021
—
Mayer Road Properties LLC
—
Deed
related
$705,000 · Security Federal Bank
Sep 25, 2019
—
Mayer Road Properties LLC
—
Trustees Deed
related
$25,000 · Crescom Bk
May 22, 2017
—
Mayer Road Properties LLC
—
Deed
related
$1,532,000 · Crescom Bk
Jul 21, 2016
$550,000
Mayer Road Properties LLC
Fbsa 1 LLC
Grant Deed
related
—
Feb 21, 2008
—
Marquis Corp
—
Trustees Deed
related
$450,000 · First National Bank The South
May 20, 2005
—
Scheper-cox LLC
Wells,james W & Verdie E
Quit Claim Deed
related
—
May 20, 2005
$755,000
Marquis Corp
Scheper-cox LLC
Grant Deed
$500,000 · Carolina National Bank
—
—
Mayer Road Properties LLC
—
Deed Of Trust
related
$1,532,000 · Crescom Bk
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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