New search
Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Strip malls
500 Lexington Ave, Chapin, SC 29036-8088
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-0546328
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
5,000 SF
Lot
0.11 ac (4,792 SF)
Zoning code
NC
APN
000700-05-041
UPID
US77-0546328
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
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$471k
Blend (final)
Blend
$665k
Owner & transaction history
Lex Murray Properties LLC · 2 yrs held
Lex Murray Properties LLC
since 2024
Last sale
$665,000
7 recorded transactions
Zoning & alternative use
NC · Chapin, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+99.7%
Commercial (general)
$685,000
+29.0%
Office building
$610,000
+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
$665,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Current use
MEDICAL BUILDING
$1,060,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$685,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$610,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$610,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $665k (Jan 26 2024)
Last sale anchor
$665k
Jan 26 2024
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
$133 / 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
$10,439
Tax year 2023
Assessed value
$23,249
Assessed 2023
Previous assessed
$23,249
+0.0% YoY
Effective rate
44.90%
On assessed value
Assessed land
$2,874
Assessed improvement
$20,375
Land market value
$47,900
Improvement market value
$339,588
Total market value
$387,488
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
2007
Heating
NONE
Total area
5,000 SF
Lot
0.11 ac (4,792 SF)
Zoning code
NC
APN
000700-05-041
UPID
US77-0546328
Jurisdiction
LEXINGTON
Zoning & alternative use
NC · Chapin, SC
Zoning NC · permitted uses
NC · Chapin, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chapin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$530,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$685,000
OFFICE BUILDING
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$610,000
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
2007
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lex Murray Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
304 LITTLE GAP CT, CHAPIN, SC 29036-8652
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2024
$665,000
Lex Murray Properties LLC
Over Under Holdings LLC
Warranty Deed
—
Mar 5, 2020
—
Over Of Under Holdings LLC
—
Deed
related
$473,927 · South Carolina FCU
Apr 26, 2019
—
Over Under Holdings LLC
—
Deed
related
$480,000 · South Carolina FCU
Dec 5, 2017
$375,000
Over/under Holdings LLC
Arthur State Bank
Deed
$300,000 · South Carolina FCU
Sep 1, 2016
—
Arthur St Bk
E & W Dickert LLC
Deed In Lieu Of Foreclosure
related
—
Jan 28, 2011
—
Window Carolina
—
Trustees Deed
related
$117,000 · Arthur State Bank
Nov 7, 2007
$500
E & W Dickert LLC
Wilder,robert E JR
Grant Deed
related
—
—
—
E & W Dickert LLC
—
Deed Of Trust
related
$920,800 · Wachovia Bank NA
—
—
E & W Dickert LLC
—
Deed Of Trust
related
$987,485 · Arthur State Bank
—
—
E & W Dickert LLC
—
Deed Of Trust
related
$1,623,273 · Arthur State Bank
—
—
Over Of Under Holdings LLC
—
Loan Modification
related
$473,927 · South Carolina FCU
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 500 Lexington Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
