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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5222 Sunset Blvd Lexington, SC 29072

    • Strip malls
    • 63,658 SF
    • 17.56 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2147828
    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

    • 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

    Property Details for 5222 Sunset Blvd

    Year built
    2017
    Lot size
    17.56 lot acres
    Property size
    63,658 SF
    Zone code
    GC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    004496-01-003
    APU
    449601003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,390,000
      Market price range: $3.00M - $10.4M
      AI Estimate
      $4,759,000
      Market price range: $1.16M - $4.76M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2039
    Latitude
    34.0067
    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
    $652,157
    $228,258
    $1,031,743
    $1,260,001
    -
    $3,804,300
    $17,195,700
    $21,000,000

    Comparable in this City

    • Value Estimation by Request
      4,070 SF

      154 Ellis Ave

      SHOPPING CENTER, STRIP CENTER • 4,070 SF
      154 Ellis Ave, Lexington, SC 29072-2040
      View Details
    • Value Estimation
      $3,385,000
      37,440 SF

      929 Lk Dr

      SHOPPING CENTER, STRIP CENTER • 37,440 SF
      929 Lk Dr, Lexington, SC 29072-2137
      View Details
    • Value Estimation
      $885,000
      32,910 SF

      924 Main St

      SHOPPING CENTER, STRIP CENTER • 32,910 SF
      924 Main St, Lexington, SC 29072-4237
      View Details
    • Value Estimation
      $1,780,000
      68,058 SF

      711 Main St

      SHOPPING CENTER, STRIP CENTER • 68,058 SF
      711 Main St, Lexington, SC 29072-3670
      View Details
    • Value Estimation by Request
      5,246 SF

      120 Ellis Ave

      SHOPPING CENTER, STRIP CENTER • 5,246 SF
      120 Ellis Ave, Lexington, SC 29072-2040
      View Details
    • Value Estimation by Request
      5,000 SF

      2001 Augusta Hwy

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      2001 Augusta Hwy, Lexington, SC 29072-1927
      View Details

    Similar Nearby for Sale

    • $3,500,000
      30,000 SF

      Lexington Commercial Gem: 30,000 SF

      Prime Lexington location, versatile space, high visibility.
      5380 Augusta Rd, Lexington, SC 29072
      View Details
    • $1,350,000
      5,600 SF

      Lexington Retail Investment Opportunity

      Prime Downtown Lexington Storefront, 5,600 SF
      451 Columbia Ave, Lexington, SC 29072
      View Details
    • $249,000
      1,596 SF

      Lexington Commercial Property for Sale

      Commercial property in Lexington, SC, ideal for retail.
      1608 W Main St Apt, Lexington, SC 29072
      View Details
    • New
      $400,000
      1,190 SF

      Commercial Opportunity Near Downtown Lexington

      Centrally located commercial property suitable for office or service-oriented use.
      110 N Lake Dr, Lexington, SC 29072
      View Details
    • $1,350,000
      5,600 SF

      Lexington Retail Space - High Visibility

      Prime Downtown Location, 5600 sq ft, 28+ parking spaces
      451 Columbia Ave, Lexington, SC 29072
      View Details
    • $1,750,000
      8,537 SF

      Development Land in Lexington, SC

      2.93 acres suitable for hotel, restaurant, or medical development.
      411 W Main St, Lexington, SC 29072
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,720 SF

      Revitalized Retail Space on Main

      Retail space with visibility in Lexington's Main Street District.
      102 W Main St, Lexington, SC 29072
      View Details
    • $25 SF/Yr
      888 SF

      Lexington Retail Space For Lease

      Retail suites available in Lexington, undergoing extensive renovation.
      1812 Augusta Hwy, Lexington, SC 29072
      View Details
    • $18 SF/Yr
      2,975 SF

      Lexington Shopping Center Retail Space

      Retail space available in a shopping center anchored by Food Lion.
      712 W Main St, Lexington, SC 29072
      View Details
    • $15 SF/Yr
      21,970 SF

      Lexington Retail Center Investment

      Food Lion-anchored, prime retail space
      712-744 Main St, Lexington, SC 29072
      View Details
    • Contact for pricing
      131,809 SF

      Lexington Towne Centre Retail Space

      High-traffic retail space in Lexington, SC
      918 Lake Dr, Lexington, SC 29072
      View Details
    • Contact for pricing
      114,088 SF

      Lexington Pavilion: Retail Center

      Target-shadowed shopping center in Lexington, SC
      5135 Sunset Blvd, Lexington, SC 29072
      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.
    5222 Sunset Blvd
    Lexington, SC 29072
    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.