New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,320,000
Strip malls
5441 Platt Spgs Rd, Lexington, SC 29073-9260
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-2168643
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2018
Total area
54,540 SF
Lot
15.22 ac (662,983 SF)
Zoning code
RD
APN
007600-02-005
UPID
US77-2168643
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.34M
Blend (final)
Blend
$6.32M
Owner & transaction history
Walgreen Co · 3 yrs held
Walgreen Co
since 2022
5 recorded transactions
Zoning & alternative use
RD · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.3M
+25.4%
Commercial (general)
$6.6M
+13.3%
Retail stores
$6.2M
+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
$5,795,000
Current use
OFFICE BUILDING
$7,265,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,570,000
Change: +13% · Conversion: Easy
RETAIL STORES
$6,180,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$4,765,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$6.32M
Range $5.69M – $6.95M · ±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
$116 / 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
$263,386
Tax year 2023
Assessed value
$535,848
Assessed 2023
Previous assessed
$535,848
+0.0% YoY
Effective rate
49.15%
On assessed value
Assessed land
$160,945
Assessed improvement
$374,903
Land market value
$2,682,420
Improvement market value
$6,248,382
Total market value
$8,930,802
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
Off-Market
Year built
2018
Heating
FORCED AIR
Bathrooms
2
Total area
54,540 SF
Lot
15.22 ac (662,983 SF)
Zoning code
RD
APN
007600-02-005
UPID
US77-2168643
Jurisdiction
LEXINGTON
Zoning & alternative use
RD · Lexington, SC
Zoning RD · permitted uses
RD · 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
$5.8M
OFFICE BUILDING
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$6.6M
RETAIL STORES
Est. value
$6.2M
WAREHOUSE, STORAGE
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2018
Heating
FORCED AIR
Bathrooms
2
Lot
15.22 ac
Current owner
From public records · entity-resolved
Walgreen Co
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2022
—
Walgreen Co
Cp Thunder Fs LLC
Lease
—
Feb 6, 2019
—
South Carolina Dept Of Transpo
Publix Super Markets INC
Grant Deed
—
Jul 7, 2017
$2,500,000
Publix Super Markets INC
Howard,charles O
Grant Deed
—
Nov 10, 2011
—
Charles O Howard
Howard Ola S Trust
Quit Claim Deed
related
—
Jun 23, 2006
—
Howard Ola S Trust
Howard,ola S
Quit Claim Deed
related
—
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 5441 Platt Spgs Rd?
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.
