Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,385,000
Strip malls
929 Lk Dr Lexington, SC 29072-2137
Entity Owned
8-yr Hold
Free & Clear
Property ID
US77-0331574
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Total area
37,440 SF
Lot
3.88 ac (169,013 SF)
Zoning code
GC
APN
004300-04-111
UPID
US77-0331574
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
-
BenchMark Physical Therapy Medical Clinic
-
RockBox Fitness Lexington Gym & Fitness Center Sports School
-
Lexington Beverage Outlet (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Regal Northlake Village Cinema Theater & Performing Art Venue
-
Palmetto Chiropractic Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$3.39M
Owner & transaction history
929 North Lake LLC · 8 yrs held
929 North Lake LLC
since 2017
7 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
Top alternative use upside
Office building
$5.3M
+33.7%
Retail stores
$4.2M
+6.6%
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
$3,980,000
Current use
OFFICE BUILDING
$5,320,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$4,240,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$3.39M
Range $3.05M – $3.72M · ±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
$90 / 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
$111,213
Tax year 2023
Assessed value
$195,954
Assessed 2023
Previous assessed
$195,954
+0.0% YoY
Effective rate
56.75%
On assessed value
Assessed land
$44,677
Assessed improvement
$151,277
Land market value
$744,620
Improvement market value
$2,521,284
Total market value
$3,265,904
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
1990
Heating
NONE
Total area
37,440 SF
Lot
3.88 ac (169,013 SF)
Zoning code
GC
APN
004300-04-111
UPID
US77-0331574
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.0M
OFFICE BUILDING
Est. value
$5.3M
RETAIL STORES
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1990
Heating
NONE
Lot
3.88 ac
Current owner
From public records · entity-resolved
929 North Lake LLC
Entity
Free & Clear · 8 yrs held
Mailing address
4725 PIEDMONT ROW DR STE #140, CHARLOTTE, NC 28210-4276
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
—
929 North Lake LLC
—
Deed
related
$1,426,634 · First Bank
Mar 5, 2019
—
929 North Lake LLC
—
Deed
related
$250,000 · First Bank
Sep 15, 2017
$3,166,000
929 North Lake LLC
Welcome Retail Of Lex LLC
Deed
—
Dec 22, 2014
$2,400,000
Welcome Retail Of Lex LLC
Nath Pavillion LLC
Grant Deed
$1,920,000 · Carter Bk&tr
Mar 11, 2011
$345,000
Angus Properties LLC
Nath Pavillion LLC
Grant Deed
related
—
Jul 26, 2010
$1,800,000
Nath Pavillion LLC
Carolina First Bk
Grant Deed
$1,350,000 · First Community Bank
Mar 31, 2010
$2,100,000
Carolina First Bk
Master Of Equity/lexington Cnty
Trustees Deed
related
—
—
—
Agnus Properties LLC
—
Deed Of Trust
related
$800,000 · First Community 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 929 Lk Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
