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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Office buildings
905 Old Cherokee Rd Lexington, SC 29072-9042
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US77-2899001
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
3,843 SF
Lot
0.52 ac (22,651 SF)
Zoning code
RD
APN
004376-01-003
UPID
US77-2899001
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
-
Stratton & Reynolds, LLC Law Firm
-
Walsh Brothers Roofing Company Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$770k
Blend (final)
Blend
$770k
Owner & transaction history
Stratton & Reynolds Hldgs LLC · 5 yrs held
Stratton & Reynolds Hldgs LLC
since 2021
Last sale
$583,000
7 recorded transactions
Zoning & alternative use
RD · Lexington, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$935,000
+71.1%
Medical building
$815,000
+49.4%
Commercial (general)
$635,000
+16.5%
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
$810,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$545,000
Current use
AUTO REPAIR, GARAGE
$935,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$815,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$635,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $583k (Aug 20 2020)
Last sale anchor
$583k
Aug 20 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
$200 / 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
$17,194
Tax year 2023
Assessed value
$34,980
Assessed 2023
Previous assessed
$34,980
+0.0% YoY
Effective rate
49.15%
On assessed value
Assessed land
$6,876
Assessed improvement
$28,104
Land market value
$114,600
Improvement market value
$468,400
Total market value
$583,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Bathrooms
2
Total area
3,843 SF
Lot
0.52 ac (22,651 SF)
Zoning code
RD
APN
004376-01-003
UPID
US77-2899001
Jurisdiction
LEXINGTON
Zoning & alternative use
RD · Lexington, SCZoning RD · permitted uses
RD · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$935,000
MEDICAL BUILDING
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$635,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2004
Heating
FORCED AIR
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Stratton & Reynolds Hldgs LLC
Entity
Mailing address
905 OLD CHEROKEE RD, LEXINGTON, SC 29072-9042
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2021
—
Stratton & Reynolds LLC
—
Deed
related
$300,000 · Security Fed'l Bk
Jan 11, 2021
$583,000
Stratton & Reynolds Hldgs LLC
Iv2 Properties LLC
Correction Deed
related
—
Aug 20, 2020
$583,000
Stratton And Reynolds Holdings LLC
Iv2 Properties LLC
Deed
$300,000 · Security Federal Bank
Feb 7, 2018
—
Iv2 Properties LLC
—
Deed
related
$612,000 · First Reliance Bank
Jul 31, 2009
$415,000
Iv2 Properties LLC
M&m Enterprises International LLC
Deed
$350,000 · Branch Banking And Trust Co
Jun 19, 2008
$525,000
M & M Ents International LLC
Red Properties LLC
Grant Deed
$367,500 · Security Federal Bank
Sep 22, 2004
—
Red Props LLC
Driggers,edward T JR & Peggy Jo
Grant Deed
related
—
Aug 12, 2004
—
Edward T Driggers JR.
Red Properties LLC
Grant Deed
related
—
Oct 16, 2003
$91,000
Red Prop LLC
—
Grant Deed
related
—
—
—
Red Properties LLC
—
Deed Of Trust
related
$100,000 · First Community Bank
—
—
Stratton & Reynolds LLC
—
Deed Of Trust
related
$300,000 · Security Fed'l Bk
—
—
Red Properties LLC
—
Deed Of Trust
related
$353,000 · Arthur State 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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