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Property profile & analytics
FOR LEASE
Strip malls
5222 Sunset Blvd, Lexington, SC 29072
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-2147828
For Lease
1 / 2
$7,605,000
5222 Sunset Blvd, Lexington, SC 29072
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Total area
63,658 SF
Lot
17.56 ac (764,914 SF)
Zoning code
GC
APN
004496-01-003
UPID
US77-2147828
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
-
Lowes Foods of Lexington Sunset Blvd Specialty Food Shop Supermarket
-
Knock Knock Spirits of Lexington (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Western Union Bank Credit Union
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.39M
Blend (final)
Blend
$7.61M
Owner & transaction history
Lexington At Hope Ferry LLC · 7 yrs held
Lexington At Hope Ferry LLC
since 2018
7 recorded transactions
Zoning & alternative use
GC · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.5M
+55.8%
Office building
$9.0M
+33.7%
Retail stores
$7.2M
+6.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,765,000
Current use
COMMERCIAL (GENERAL)
$10,540,000
Change: +56% · Conversion: Easy
OFFICE BUILDING
$9,045,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$7,210,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$7.61M
Range $6.84M – $8.37M · ±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
$119 / 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
$652,157
Tax year 2023
Assessed value
$1,260,001
Assessed 2023
Previous assessed
$1,260,001
+0.0% YoY
Effective rate
51.76%
On assessed value
Assessed land
$228,258
Assessed improvement
$1,031,743
Land market value
$3,804,300
Improvement market value
$17,195,700
Total market value
$21,000,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2017
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
63,658 SF
Lot
17.56 ac (764,914 SF)
Zoning code
GC
APN
004496-01-003
UPID
US77-2147828
Jurisdiction
LEXINGTON
Zoning & alternative use
GC · Lexington, SC
Zoning GC · permitted uses
GC · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$10.5M
OFFICE BUILDING
Est. value
$9.0M
RETAIL STORES
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2017
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
17.56 ac
Current owner
From public records · entity-resolved
Lexington At Hope Ferry LLC
Entity
Free & Clear · 7 yrs held
Mailing address
222 CENTRAL PARK AVE, VIRGINIA BEACH, VA 23462-3022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2018
—
Lexington At Hope Ferry LLC
Lexington Square LLC
Quit Claim Deed
related
—
Aug 29, 2018
$26,758,243
Lexington At Hope Ferry LLC
Lexington Square LLC
Grant Deed
$15,000,000 · Miscellaneous Ins Co
Aug 29, 2018
—
Lexington At Hope Ferry LLC
Lexington Square LLC
Quit Claim Deed
related
—
Sep 20, 2017
—
Hope Ferrye Plantation HOA INC
Lexington Square LLC
Quit Claim Deed
related
—
May 20, 2016
$2,500,000
Lexington Square LLC
Cromer Of Sale Family LP
Grant Deed
—
May 20, 2016
—
Lexington Square LLC
Cromer Sale Family Limited Partners
Quit Claim Deed
related
—
Jul 22, 2015
—
Sj Collins Ents LLC
Cromer Of Sale Family LP
Quit Claim Deed
—
Jun 22, 2015
$881,500
Blue Cross & Blue Shield Of South
Cromer Of Sale Family LP
Grant Deed
—
May 16, 2008
$500
Cromer Of Sale Family
Cromer,pamelia S
Quit Claim Deed
related
—
May 16, 2008
$1,800,000
Kahn Family LLC
Cromer Sale Family LP
Limited Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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