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    Property profile & analytics

    5075 Sunset Blvd Lexington, SC 29072

    • Banks
    • 3,202 SF
    • 7.71 lot acres
    For Sale
    View listing
    Last Sale
    Jun 14, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1368378
    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

    • South Carolina Federal Credit Union / Credit Union

    Property Details for 5075 Sunset Blvd

    Year built
    2008
    Lot size
    7.71 lot acres
    Property size
    3,202 SF
    Zone code
    ID
    Property type
    Banks
    APN
    004496-02-034
    APU
    449602034

    Description

    This exceptional 1.75-acre commercial land offering presents a unique opportunity in Lexington, South Carolina. Strategically located on Sunset Boulevard, this property sits within Lexington's central retail corridor, directly adjacent to the Target-anchored Lexington Pavilion shopping center. The site boasts a highly desirable location with excellent visibility and accessibility. The property is already pad-ready, offering significant time and cost savings for future development. All utilities and detention are in place, and the land has been rough-graded for ease of construction. The site is divisible into three individual parcels, offering flexibility for various development scenarios. Lot 1 encompasses 0.5 acres and is priced at $375,000. Lot 2 also comprises 0.5 acres and is listed at $275,000. Finally, Lot 3 offers 0.75 acres for $750,000. The flat topography simplifies development, and the high traffic count on Sunset Boulevard, recorded at 43,700 vehicles per day in 2021, ensures exceptional exposure for any future business. This is an ideal opportunity for investors seeking a prime location with immediate development potential in a thriving retail environment. Don't miss this chance to secure a piece of Lexington's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $402,000
      Market price range: $126k - $402k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1928
    Latitude
    34.0072
    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
    $41,826
    $55,698
    $25,116
    $80,814
    -
    $928,300
    $418,599
    $1,346,899

    Comparable in this City

    • Value Estimation
      $360,000
      4,526 SF

      701 Main St

      FINANCIAL BUILDING • 4,526 SF
      701 Main St, Lexington, SC 29072-2505
      View Details
    • Value Estimation
      $405,000
      3,510 SF

      5563 Sunset Blvd

      FINANCIAL BUILDING • 3,510 SF
      5563 Sunset Blvd, Lexington, SC 29072
      View Details
    • Value Estimation
      $395,000
      5,171 SF

      701 Lk Dr

      FINANCIAL BUILDING • 5,171 SF
      701 Lk Dr, Lexington, SC 29072-2707
      View Details
    • Value Estimation
      $380,000
      10,480 SF

      919 Lk Dr

      FINANCIAL BUILDING • 10,480 SF
      919 Lk Dr, Lexington, SC 29072-2157
      View Details
    • Value Estimation
      $410,000
      3,034 SF

      5321 Sunset Blvd

      FINANCIAL BUILDING • 3,034 SF
      5321 Sunset Blvd, Lexington, SC 29072-9159
      View Details
    • Value Estimation
      $285,000
      7,275 SF

      575 Columbia Ave

      FINANCIAL BUILDING • 7,275 SF
      575 Columbia Ave, Lexington, SC 29072-2617
      View Details

    Similar Nearby for Sale

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      Retail Space on Sunset Blvd

      2464 SF retail space available for sale.
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    • $1,350,000
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      Lexington Retail Investment Opportunity

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    Similar Nearby for Lease

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    • $30 SF/Yr
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      Retail Space on Sunset Boulevard

      Retail space available on Sunset Boulevard in Lexington, SC.
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    • Contact for pricing
      2,409 SF

      Retail Space on Sunset Boulevard

      Retail space available for rent in Lexington, South Carolina.
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      View Details
    • Contact for pricing
      21,400 SF

      Retail Space Available For Lease

      Former Fresh Market location available for sublease or assignment.
      5663 Sunset Blvd, Lexington, SC 29072
      View Details
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    Lexington, SC 29072
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    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
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