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Property profile & analytics
OFF-MARKET
Estimated value
$4,750,000
Outlet malls
748 Main St Lexington, SC 29072-2545
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-1279139
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1990
Total area
86,573 SF
Lot
6.76 ac (294,466 SF)
Zoning code
GC
APN
004326-08-001
UPID
US77-1279139
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
-
Extra Space Storage Storage Facility
-
Sears Appliance Repair Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.42M
Blend (final)
Blend
$4.75M
Owner & transaction history
803 Storage Lexington LLC · 3 yrs held
803 Storage Lexington LLC
since 2023
Last sale
$5.2M
3 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
$4,750,000
ML approach
$5,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.75M
Range $4.28M – $5.23M · ±10% · vs last sale $5.20M (Feb 21 2023)
Last sale anchor
$5.20M
Feb 21 2023
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
$55 / 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
$127,497
Tax year 2023
Assessed value
$246,329
Assessed 2023
Previous assessed
$246,329
+0.0% YoY
Effective rate
51.76%
On assessed value
Assessed land
$97,344
Assessed improvement
$148,985
Land market value
$1,622,400
Improvement market value
$2,483,082
Total market value
$4,105,482
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Bathrooms
1
Total area
86,573 SF
Lot
6.76 ac (294,466 SF)
Zoning code
GC
APN
004326-08-001
UPID
US77-1279139
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
1990
Heating
FORCED AIR
Bathrooms
1
Lot
6.76 ac
Current owner
From public records · entity-resolved
803 Storage Lexington LLC
Entity
Mailing address
PO BOX 1174, ROCHESTER, NH 03866-1174
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
$5,200,000
803 Storage Lexington LLC
Baker Commercial Properties LLC
Special Warranty Deed
$6,061,436 · First Citizens Bank & Trust Co
Jun 25, 2018
—
Baker Real Estate Developers LLC
—
Deed
related
$340,000 · Security Federal Bank
—
—
Baker Developers
—
Deed Of Trust
related
$1,200,000 · First Palmetto Savings Bank
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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