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Property profile & analytics
OFF-MARKET
Estimated value
$2,240,000
Strip malls
712 Main St Lexington, SC 29072-2545
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-1127440
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
86,349 SF
Lot
7.58 ac (330,185 SF)
Zoning code
GC
APN
004300-07-045
UPID
US77-1127440
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
-
L&PCash Advance Loan Service Financial Advisor
-
RF's Corner Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$2.24M
Owner & transaction history
Commerce Center LLC · 3 yrs held
Commerce Center LLC
since 2023
7 recorded transactions
Zoning & alternative use
GC · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to allow most commercial uses in locations where such uses benefit the public health, safety, and general welfare
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,717.97 ac
Source
Realmo
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
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±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
$26 / 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
$144,970
Tax year 2023
Assessed value
$227,988
Assessed 2023
Previous assessed
$227,988
+0.0% YoY
Effective rate
63.59%
On assessed value
Assessed land
$87,234
Assessed improvement
$140,754
Land market value
$1,453,902
Improvement market value
$2,345,904
Total market value
$3,799,806
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
1985
Heating
FLOOR/WALL FURNACE
Bathrooms
1
Total area
86,349 SF
Lot
7.58 ac (330,185 SF)
Zoning code
GC
APN
004300-07-045
UPID
US77-1127440
Jurisdiction
LEXINGTON
Zoning & alternative use
GC · Lexington, SCZoning GC · permitted uses
GC · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to allow most commercial uses in locations where such uses benefit the public health, safety, and general welfare
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,717.97 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Heating
FLOOR/WALL FURNACE
Bathrooms
1
Lot
7.58 ac
Current owner
From public records · entity-resolved
Commerce Center LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1124 PARK W BLVD STE #101, MOUNT PLEASANT, SC 29466-7158
Ownership since
2023
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
Mar 14, 2023
—
Commerce Center LLC
Town Square Lexington LLC
Quit Claim Deed
related
—
Mar 14, 2023
$7,125,000
Commerce Center LLC
Town Square Lexington LLC
Deed
$4,325,000 · National Cooperative Bank NA
Feb 18, 2022
$5,900,000
Town Square Lexington LLC
Wood Lexington Center LLC
Deed
$4,325,000 · National Cooperative Bank NA
Feb 18, 2022
—
Town Square Lexington LLC
Wood Lexington Center LLC
Quitclaim Deed
related
—
Dec 3, 2021
$560,000
Deli Boi 10 LLC
Wood Lexington Center LLC
Deed
—
Dec 16, 2016
—
Wood Lexington Center LLC
Bre Retail Residual Lexington
Quit Claim Deed
related
$2,360,000 · First Sthrn Nat'l Bk
Dec 16, 2016
$3,525,000
Wood Lexington Center LLC
Bre Retail Residual Lexington
Grant Deed
—
Jul 8, 2011
—
Bre Retail Residual Lexington Town
Hk New Plan Lexington Two Square Ll
Limited Warranty Deed
$100,000,000 · Barclays Bank Plc
Aug 13, 1999
$961,200
Horton,inc-torrey
—
Grant Deed
related
—
—
—
Hk New Plan Lexington Town Sq
—
Deed Of Trust
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.
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