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Property profile & analytics

446 Old Cherokee Rd Lexington, SC 29072-9031

  • Office buildings
  • 4,374 SF
  • 0.06 lot acres
OFF-MARKET
Value Estimations
$860,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US77-1369640
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

  • Bliss Salon & Spa / Beauty Salon / Day Spa

Property Details for 446 Old Cherokee Rd

Year built
2006
Lot size
0.06 lot acres
Property size
4,374 SF
Zone code
GC
Property type
Office buildings
APN
004303-01-002
APU
430301002

Description

This exceptional owner-user opportunity presents a 4,386 square foot, two-story retail building situated at 446 Old Cherokee Rd, Lexington, SC 29072. Built in 2009, this multi-tenant property (APN 004303-01-002) boasts a prime location on a major thoroughfare, benefiting from high visibility at a signaled intersection. The building is part of a three-building complex featuring medical, veterinary, and self-care services, ensuring consistent traffic flow. Its strategic location across from a school and surrounded by residential homes and similar commercial buildings guarantees a steady stream of potential customers. The property includes 14 paved parking spaces, supplemented by additional gravel parking. The interior layout is versatile, currently configured as a hair salon with massage and esthetician services, but easily adaptable to various office or retail uses. The main level features a lobby, two offices, a kitchen/laundry room, a bathroom, storage/utility closets, and ample open floor space. The upper level offers four large rooms, a bathroom, and finished storage areas. The asking price is $1,250,000, translating to $285 per square foot. This presents a rare chance to acquire a thriving commercial property in a highly desirable Lexington location. The property's strong tenant base and convenient amenities make it an attractive investment for both owner-users and investors seeking a stable, high-traffic location.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,045,000
    6.5%
    $960,000
    7%
    $895,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $875,000
    Market price range: $421k - $876k
    AI Estimate
    $740,000
    Market price range: $376k - $740k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $620,000
    Current use
    AUTO REPAIR, GARAGE
    $1,065,000
    Change: +71% Conversion: Difficult
    MEDICAL BUILDING
    $930,000
    Change: +49% Conversion: Easy
    COMMERCIAL (GENERAL)
    $725,000
    Change: +17% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Lexington
County
Lexington
State
South Carolina
Longitude
-81.2325
Latitude
34.0049
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
$19,420
$7,202
$30,318
$37,520
-
$120,031
$505,292
$625,323
More about this property
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