Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    426 Meeting St Lancaster, SC 29720-2322

    • Grocery and convenience stores
    • 3,497 SF
    • 104.00 lot acres
    OFF-MARKET
    Value Estimations
    $110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0612858
    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.

    Current Use by Public Records

    • Midway Grocers / Convenience Store / Gas Station

    Property Details for 426 Meeting St

    Year built
    1947
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    104.00 lot acres
    Property size
    3,497 SF
    Zone code
    CITY
    Property type
    Grocery and convenience stores
    APN
    0067M-0P-001.00
    APU
    0067M0P00100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $110,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $173,000
      Market price range: $128k - $408k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.7786
    Latitude
    34.7187
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-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
    $3,945
    $3,312
    $5,538
    $8,850
    -
    $55,200
    $92,300
    $147,500

    Comparable in this City

    • Value Estimation
      $270,000
      7,050 SF

      1483 Charlotte Hwy

      CONVENIENCE STORE • 7,050 SF
      1483 Charlotte Hwy, Lancaster, SC 29720-9498
      View Details
    • Value Estimation
      $760,000
      3,280 SF

      2561 Kershaw Camden Hwy

      CONVENIENCE STORE • 3,280 SF
      2561 Kershaw Camden Hwy, Lancaster, SC 29720-6855
      View Details
    • Value Estimation
      $345,000
      2,100 SF

      1553 Lynwood Dr

      CONVENIENCE STORE • 2,100 SF
      1553 Lynwood Dr, Lancaster, SC 29720-0938
      View Details
    • Value Estimation
      $300,000
      1,984 SF

      1462 Lynwood Dr

      CONVENIENCE STORE • 1,984 SF
      1462 Lynwood Dr, Lancaster, SC 29720-0940
      View Details
    • Value Estimation
      $185,000
      2,000 SF

      1325 Mcilwain Rd

      CONVENIENCE STORE • 2,000 SF
      1325 Mcilwain Rd, Lancaster, SC 29720-4053
      View Details
    • Value Estimation
      $150,000
      2,629 SF

      2779 Pageland Hwy

      CONVENIENCE STORE • 2,629 SF
      2779 Pageland Hwy, Lancaster, SC 29720-8233
      View Details

    Similar Nearby for Sale

    • $5,460,000
      14,820 SF

      Lancaster, SC Walgreens Investment

      High-yield NNN Walgreens, strong tenant.
      1101 Highway 9 Byp, Lancaster, SC 29720
      View Details
    • $1,150,000
      20,606 SF

      Mixed-Use Investment Opportunity

      Multi-tenant property with retail, office, industrial, and storage units.
      979-987 University Dr, Lancaster, SC 29720
      View Details
    • $650,000
      6.10 Acres

      Lancaster Commercial Property - 6 Acres

      Versatile Commercial Space, Ample Parking
      1180 Garnette Rd, Lancaster, SC 29720
      View Details
    • Contact for pricing
      483.00 Acres

      Lancaster Industrial Land - 483 Acres

      Prime SC Industrial Land, Ready to Develop
      0 Sc Hwy 9, Lancaster, SC 29720
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Land in Lancaster, SC

      Wooded lot near shopping, ideal for a starter home.
      1503 Victoria St, Lancaster, SC 29720
      View Details
    • $72,500

      Wooded Lot in Greyfox Estates

      Residential land for sale, ready to build your dream home.
      00 Greyfox Est Rd #33, Lancaster, SC 29720
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,322 SF

      Lancaster Retail Space - Hwy 200

      Prime Lancaster retail/office, 2322 SF.
      100 Monroe Hwy, Lancaster, SC 29720
      View Details
    • Contact for pricing
      44,350 SF

      South Square Retail Center - Lancaster, SC

      High-growth Lancaster, SC retail space.
      0 Airport Rd And Barton Rd, Lancaster, SC 29720
      View Details
    • Contact for pricing
      12,800 SF

      University Place Retail Center

      Lancaster, SC: 8,000 SF Available
      945-973 Highway 9 Byp, Lancaster, SC 29720
      View Details
    • Contact for pricing
      14,400 SF

      University Place Retail Opportunity

      Lancaster, SC: 6,000 SF Available
      905-933 Highway 9 Byp, Lancaster, SC 29720
      View Details
    • Contact for pricing
      181,542 SF

      1256 Highway 9 Byp

      Retail properties • 181,542 SF
      1256 Highway 9 Byp, Lancaster, SC 29720
      View Details
    • $15 SF/Yr
      3,360 SF

      Downtown Lancaster Office Space

      Prime Lancaster SC location, flexible spaces.
      114 Gay St, Lancaster, SC 29720
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    426 Meeting St
    Lancaster, SC 29720-2322
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.