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Property profile & analytics
OFF-MARKET
Estimated value
$5,550,000
Hotels
601 Columbia Ave Lexington, SC 29072-2667
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US77-0499306
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Total area
38,716 SF
Lot
2.07 ac (90,169 SF)
Zoning code
GC
APN
004332-02-015
UPID
US77-0499306
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
-
803 Drivers Ed Training Center Vocational School
-
House Of Raeford Corporate Office
-
Best Western Plus Lexington Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.57M
CAP Approach
CAP
$3.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.55M
Owner & transaction history
Ayaan Hospitality LLC · 6 yrs held
Ayaan Hospitality LLC
since 2020
Last sale
$5.5M
6 recorded transactions
Zoning & alternative use
GC · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.6M
+335.1%
Medical building
$4.5M
+318.7%
Commercial (general)
$4.3M
+304.3%
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
$6,535,000
ML approach
$6,570,000
CAP Approach
CAP Return
Estimation
6%
$3,950,000
6.5%
$3,645,000
7%
$3,385,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,630,000
Change: +335% · Conversion: Difficult
MEDICAL BUILDING
$4,455,000
Change: +319% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,305,000
Change: +304% · Conversion: Difficult
RESTAURANT
$4,105,000
Change: +285% · Conversion: Difficult
Blend value · Realmo final
$5.55M
Range $5.00M – $6.11M · ±10% · vs last sale $5.50M (Mar 12 2020)
Last sale anchor
$5.50M
Mar 12 2020
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
$143 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$228,241
Assessed 2023
Previous assessed
$228,241
+0.0% YoY
Assessed land
$29,889
Assessed improvement
$198,352
Land market value
$498,143
Improvement market value
$3,305,857
Total market value
$3,804,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1999
Heating
CENTRAL
Bathrooms
1
Total area
38,716 SF
Lot
2.07 ac (90,169 SF)
Zoning code
GC
APN
004332-02-015
UPID
US77-0499306
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
OFFICE BUILDING
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RESTAURANT
Est. value
$4.1M
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
1999
Heating
CENTRAL
Bathrooms
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Ayaan Hospitality LLC
Entity
Mailing address
601 COLUMBIA AVE, LEXINGTON, SC 29072-2667
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
—
Ayaan Hospitality LLC
—
Deed
related
$6,300,000 · Argentic Real Estate Finance 2 LLC
Mar 12, 2020
$5,500,000
Ayaan Hospitality LLC
Naman Lexington I LLC
Special Warranty Deed
$4,737,500 · Truist Bank
Sep 29, 2016
—
Naman Lexington I LLC
—
Deed
related
$2,560,000 · Branch Bk&tr
Aug 23, 2006
—
Naman Lexington I LLC
Cjas LLC
Grant Deed
—
—
—
Naman Lexington I LLC
—
Deed Of Trust
related
$3,975,000 · Lasalle National Bank
—
—
Naman Lexington I LLC
—
Deed Of Trust
related
$2,560,000 · Branch Bk&tr
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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