New search
Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Strip malls
808 Hwy 378, Lexington, SC 29072-8377
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US77-2184296
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Total area
7,700 SF
Lot
1.15 ac (50,094 SF)
Zoning code
ID
APN
004200-06-040
UPID
US77-2184296
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
-
Amazon Hub Counter - Health Mart Pharmacy Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$995k
Owner & transaction history
Lexington Covenant Group LLC · 8 yrs held
Lexington Covenant Group LLC
since 2018
7 recorded transactions
Zoning & alternative use
ID · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+99.7%
Commercial (general)
$1.3M
+55.8%
Office building
$1.1M
+33.7%
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
$820,000
Current use
MEDICAL BUILDING
$1,635,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,275,000
Change: +56% · Conversion: Easy
OFFICE BUILDING
$1,095,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$870,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$129 / 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
$38,315
Tax year 2023
Assessed value
$77,946
Assessed 2023
Previous assessed
$77,946
+0.0% YoY
Effective rate
49.16%
On assessed value
Assessed land
$42,078
Assessed improvement
$35,868
Land market value
$701,300
Improvement market value
$597,800
Total market value
$1,299,100
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
2019
Heating
FORCED AIR
Bathrooms
1
Total area
7,700 SF
Lot
1.15 ac (50,094 SF)
Zoning code
ID
APN
004200-06-040
UPID
US77-2184296
Jurisdiction
LEXINGTON
Zoning & alternative use
ID · Lexington, SC
Zoning ID · permitted uses
ID · 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
$820,000
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2019
Heating
FORCED AIR
Bathrooms
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Lexington Covenant Group LLC
Entity
Mailing address
2460 PASEO VERDE PKWY STE #145, HENDERSON, NV 89074-7142
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
—
Lexington Covenant Group LLC
—
Deed
related
$1,975,000 · Grow Financial FCU
Oct 20, 2020
—
Lexington Covenant Group LLC
—
Deed
related
—
Apr 13, 2020
—
Lexington Covenant Group LLC
—
Deed
related
—
Mar 30, 2020
—
Lexington Covenant Group LLC
—
Deed
related
—
Apr 2, 2018
$725,000
Lexington Covenant Group LLC
Queen Street LLC
Deed
$895,233 · Stearns Bank NA
Aug 28, 2014
$455,000
Queen Street LLC
Rei INC
Grant Deed
—
—
—
Lexington Covenant Group LLC
—
Loan Modification
related
—
—
—
Lexington Covenant Group LLC
—
Loan Modification
related
—
—
—
Lexington Covenant Group LLC
—
Loan Modification
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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