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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Medical Office Space
424 Old Cherokee Rd Lexington, SC 29072-6972
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-0503560
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Total area
9,124 SF
Lot
1.37 ac (59,677 SF)
Zoning code
LC
APN
004300-05-077
UPID
US77-0503560
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
-
Laser House Engraving (Bike/Boat/Book/etc) Store
-
Allyson Von Kannel Physician
-
Dr. Richard K. Guyton, MD Pediatrician Medical Clinic
-
Jocelyn Snider Physician
-
Bamastone Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.45M
Owner & transaction history
424 Old Cherokee Road LLC · 4 yrs held
424 Old Cherokee Road LLC
since 2021
5 recorded transactions
Zoning & alternative use
LC · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to allow some nonintensive limited commercial uses in locations where such uses benefit the public health, safety, and general welfare
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
714.24 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$2.2M
+14.5%
Restaurant
$2.2M
+13.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,630,000
6.5%
$1,505,000
7%
$1,400,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,935,000
Current use
AUTO REPAIR, GARAGE
$2,220,000
Change: +15% · Conversion: Difficult
RESTAURANT
$2,195,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$158 / 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
$43,105
Tax year 2023
Assessed value
$83,275
Assessed 2023
Previous assessed
$83,275
+0.0% YoY
Effective rate
51.76%
On assessed value
Assessed land
$10,740
Assessed improvement
$72,535
Land market value
$179,000
Improvement market value
$1,208,917
Total market value
$1,387,917
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2019
Heating
STEAM
Cooling
CENTRAL
Bathrooms
1
Total area
9,124 SF
Lot
1.37 ac (59,677 SF)
Zoning code
LC
APN
004300-05-077
UPID
US77-0503560
Jurisdiction
LEXINGTON
Zoning & alternative use
LC · Lexington, SCZoning LC · permitted uses
LC · 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 some nonintensive limited commercial uses in locations where such uses benefit the public health, safety, and general welfare
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
714.24 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RESTAURANT
Est. value
$2.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2019
Heating
STEAM
Cooling
Yes
Bathrooms
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
424 Old Cherokee Road LLC
Entity
Mailing address
2214 OLD CHEROKEE RD, LEXINGTON, SC 29072-9725
Ownership since
2021
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 14, 2021
—
424 Old Cherokee Road LLC
Southern Medical Investments LLC
Quit Claim Deed
related
$3,110,000 · First Citizens Bank & Trust Co
Dec 10, 2018
—
Southern Medical Investments LLC
Four Koons Investments LLC
Deed
—
Sep 1, 2017
$438,000
Four Koons Investments LLC
D A Associates LLC
Grant Deed
—
Jul 3, 2006
$275,000
D A Associates LLC
Tecc Properties LLC
Corporation Deed
—
Sep 20, 2004
$150,000
Tecc Properties LLC
Cherokee Road Properties LLC
Grant Deed
$152,000 · Carolina First Bank
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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