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Property profile & analytics
FOR SALE
Office buildings
917 Chapin Rd Chapin, SC 29036
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-1092959
For Sale
1 / 2
Contact for pricing
917 Chapin Rd, Chapin, SC 29036
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
66,432 SF
Lot
2.89 ac (125,888 SF)
Zoning code
GC
APN
000717-02-033
UPID
US77-1092959
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.59M
Blend (final)
Blend
$6.41M
Owner & transaction history
University Cottages LLC · 3 yrs held
University Cottages LLC
since 2023
Last sale
$6.6M
4 recorded transactions
Zoning & alternative use
GC · Chapin, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.1M
+12.0%
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 Chapin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chapin 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
$7,410,000
ML approach
$7,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,130,000
Current use
COMMERCIAL (GENERAL)
$9,105,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,095,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,060,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$6.41M
Range $5.76M – $7.05M · ±10% · vs last sale $6.63M (Apr 10 2023)
Last sale anchor
$6.63M
Apr 10 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
$96 / 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
$133,796
Tax year 2023
Assessed value
$298,010
Assessed 2023
Previous assessed
$298,010
+0.0% YoY
Effective rate
44.90%
On assessed value
Assessed land
$33,990
Assessed improvement
$264,020
Land market value
$566,500
Improvement market value
$4,400,332
Total market value
$4,966,832
Applied tax rate
5.0000
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
For Sale
Year built
2000
Heating
FORCED AIR
Bathrooms
2
Total area
66,432 SF
Lot
2.89 ac (125,888 SF)
Zoning code
GC
APN
000717-02-033
UPID
US77-1092959
Jurisdiction
LEXINGTON
Zoning & alternative use
GC · Chapin, SCZoning GC · permitted uses
GC · Chapin, 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
$8.1M
COMMERCIAL (GENERAL)
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Heating
FORCED AIR
Bathrooms
2
Lot
2.89 ac
Current owner
From public records · entity-resolved
University Cottages LLC
Entity
Free & Clear · 3 yrs held
Mailing address
90 N ROYAL TOWER DR, CHAPIN, SC 29036
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2023
$6,631,000
University Cottages LLC
Rayco INC
Warranty Deed
—
Mar 25, 2019
—
Rayco
—
Deed
related
$5,327,802 · Bank Of America
—
—
Rayco
—
Loan Modification
related
$5,327,802 · Bank Of America
—
—
Rayco INC
—
Deed Of Trust
related
$4,500,000 · Branch Banking & Trust Co
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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