Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,000,000
Life science properties
992 Quality Dr Lancaster, SC 29720-4722
Entity Owned
4-yr Hold
Property ID
US77-1672783
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2008
Construction
CONCRETE
Total area
114,000 SF
Lot
21.53 ac (937,847 SF)
Zoning code
HI
APN
0061-00-104.04
UPID
US77-1672783
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
-
Chief Buildings Manufacturing Plant - SC Industrial Manufacturer Production Facility
-
CM SR22 Insurance Group Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.00M
Owner & transaction history
Chief Industries INC · 4 yrs held
Chief Industries INC
since 2022
Last sale
$8.0M
5 recorded transactions
Zoning & alternative use
HI · 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
Method
Estimation
Statistic approach
$7,495,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,480,000
Change: 0% · Conversion: Difficult
RESTAURANT
$8,460,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,695,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$6,465,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$5,120,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$8.00M
Range $7.20M – $8.80M · ±10% · vs last sale $8.00M (Mar 10 2022)
Last sale anchor
$8.00M
Mar 10 2022
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
$70 / 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
Land market value
$995,900
Improvement market value
$5,857,900
Total market value
$6,853,800
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
114,000 SF
Lot
21.53 ac (937,847 SF)
Zoning code
HI
APN
0061-00-104.04
UPID
US77-1672783
Jurisdiction
LANCASTER
Zoning & alternative use
HI · Lancaster, SCZoning HI · permitted uses
HI · Lancaster, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$9.5M
RESTAURANT
Est. value
$8.5M
WAREHOUSE, STORAGE
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$6.5M
RETAIL STORES
Est. value
$5.1M
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
MEDICAL 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
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
21.53 ac
Current owner
From public records · entity-resolved
Chief Industries INC
Entity
Mailing address
3942 W OLD HWY 30, GRAND ISLAND, NE 68803-5051
Ownership since
2022
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
Mar 10, 2022
—
Chief Industries INC
Tso Quality Lancaster LP
Quit Claim Deed
related
—
Dec 29, 2021
$8,000,000
Chief Industries INC
Tso Quality Lancaster LP
Special Warranty Deed
—
Dec 27, 2013
—
Tso Quality Lancaster LP
John Kassis 2008 LLC
Quit Claim Deed
related
$5,850,000 · Brand Banking
Dec 27, 2013
$9,750,000
Tso Quality Lancaster LP
John Kassis 2008 LLC
Grant Deed
—
—
—
Tso Quality Lancaster LP
—
Loan Modification
related
$5,850,000 · Renasant Bk
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 992 Quality 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.
