Back to Search
Property profile & analytics
OFF-MARKET
Investment properties
937 University Dr Lancaster, SC 29720-9496
Entity Owned
5-yr Hold
Free & Clear
Property ID
US77-1660615
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1975
Construction
WOOD
Total area
4,400 SF
Lot
2.1 ac (91,476 SF)
Zoning code
GB
APN
0062M-0B-026.00
UPID
US77-1660615
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
-
University Hair Center Hair Salon Nail Salon
-
Black Stone Massage Studio Alternative Medicine Practice Spa & Massage Center
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
Knight Realty Investments LLC · 5 yrs held
Knight Realty Investments LLC
since 2021
Last sale
$175,000
5 recorded transactions
Zoning & alternative use
GB · Lancaster, SC
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$3,509
Tax year 2023
Assessed value
$10,290
Assessed 2023
Previous assessed
$10,290
+0.0% YoY
Effective rate
34.10%
On assessed value
Assessed land
$3,390
Assessed improvement
$6,900
Land market value
$56,500
Improvement market value
$115,000
Total market value
$171,500
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
4,400 SF
Lot
2.1 ac (91,476 SF)
Zoning code
GB
APN
0062M-0B-026.00
UPID
US77-1660615
Jurisdiction
LANCASTER
Zoning & alternative use
GB · Lancaster, SCZoning GB · permitted uses
GB · Lancaster, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1975
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
Knight Realty Investments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
714 CLARENDON DR, LANCASTER, SC 29720-1722
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2021
$175,000
Knight Realty Investments LLC
Caroline Morgan Reeves
Deed
—
Sep 5, 2019
—
Caroline M Reeves
Sue S Heath
Quit Claim Deed
related
—
Jun 17, 2013
—
Deborah S S Heath
Smith Anna A Trust B
Grant Deed
related
—
Dec 30, 2010
—
Smith Anna A Trust
Smith Anna A Trust
Quit Claim Deed
related
—
Oct 15, 2008
—
Smith Anna A Trust
Smith,anna A
Quit Claim Deed
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
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 937 University 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.
