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Property profile & analytics
FOR SALE
Turn key restaurants
808 S Lake Dr, Lexington, SC 29072
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US77-2945710
For Sale
1 / 3
$1,100,000
808 S Lake Dr, Lexington, SC 29072
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1893
Total area
7,222 SF
Lot
1.11 ac (48,352 SF)
Zoning code
ID
APN
005424-01-013
UPID
US77-2945710
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
-
C.E. Corley House Tour Operator
-
Kinard Law Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kpj LLC · 5 yrs held
Kpj LLC
since 2021
Last sale
$450,000
6 recorded transactions
Zoning & alternative use
ID · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,005
Tax year 2023
Assessed value
$28,990
Assessed 2023
Previous assessed
$28,990
+0.0% YoY
Effective rate
51.76%
On assessed value
Assessed land
$15,384
Assessed improvement
$13,606
Land market value
$256,400
Improvement market value
$226,749
Total market value
$483,149
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1893
Heating
FORCED AIR
Bathrooms
1
Total area
7,222 SF
Lot
1.11 ac (48,352 SF)
Zoning code
ID
APN
005424-01-013
UPID
US77-2945710
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.
Building & site characteristics
From public records
Year built
1893
Heating
FORCED AIR
Bathrooms
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Kpj LLC
Entity
Mailing address
303 S LK DR, LEXINGTON, SC 29072-3411
Ownership since
2021
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
Jan 5, 2021
$450,000
Kpj LLC
Rustic Properties Of Sc LLC
Deed
$888,250 · First Community Bank
Oct 15, 2018
—
Rustic Properties Of Sc LLC
Larocque,edward
Grant Deed
—
Jul 7, 2016
—
Edward Larocque
—
Deed
related
$249,000 · First Community Bank
Mar 15, 2016
$292,000
Edward Larocque
Atlas Nc I Spe LLC
Grant Deed
—
May 27, 2015
$502,500
Atlas Nc I Spe LLC
Master Of Equity/lexington Cnty|millers Ltd
Trustees Deed
related
—
Jun 7, 2006
$675,000
Millers Ltd
Waldrop Marchant LLC
Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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