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    Move-in Ready Office Building Title is generated by Realmo AI

    10362 Nc Highway 8, Lexington, NC 27292

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    Claim this Listing
    New
    Pending
    $450,000

    SINGLE_FAMILY - Lexington, NC

    Type:Office
    Property size:
    2,442 SF
    Added:
    Jun 24, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 25 at 1:06 am

    Property Features for 10362 Nc Highway 8

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    OI
    Standard status
    Pending
    Size
    2,442 SF

    Utilities

    Sewer type
    Public Sewer, Septic Tank

    Building Details

    Year built
    2005
    Floors in Building
    1

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    Contact an agent
    Angela Brown Cranford

    Listing agent Angela Brown Cranford

    Listing office Price REALTORS - Archdale Archdale, NC

    Listing date Jun 24, 2026

    MLS# 1218897

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Office building built in 2005 on a corner lot
    • Currently rented on a month‑to‑month basis
    • Features lobby/reception area plus 8 offices
    • Includes a kitchen area and a spacious conference room
    • Additional workshop/storage space for printers, supplies, or production needs
    • Served by public sewer and a septic tank

    Overview

    This move-in ready office building is situated on a corner lot in a rapidly growing area. It offers flexibility for a variety of business uses and is currently rented on a month-to-month basis. The building features a lobby/reception area, 8 offices, a kitchen area, and a spacious conference room. Additionally, there is workshop/storage space suitable for printers, supplies, or production needs. The property is located in Lexington, NC, and has a zoning designation of OI. The building has a size of 2442 square feet. This property offers excellent visibility and convenient access.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $53.6k $21.96
    − Vacancy −$13.9k −$5.71
    EGI $39.7k $16.25
    − OpEx −$9.9k −$4.06
    NOI $29.8k $12.19
    2,442 SF · lease $21.96/SF/yr · vacancy 26.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $425.2K
    $372.0K – $496.1K (±1% cap)
    NOI $29,763 @ 7.0% cap · market cap 6.61%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $619.6K
    $542.1K – $722.8K (±1% cap)
    NOI $43,370 @ 7.0% cap · market cap 9.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Food Market Storage Facility HVAC Service Grocery & Convenience Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.267392
    Latitude
    35.667957

    FAQs

    What type of property is this?
    Office building - High-visibility office building with flexibility for various business uses.
    Where is this office building located?
    The property is located at 10362 Nc Highway 8 Lexington, NC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Office building built in 2005 on a corner lot; Currently rented on a month‑to‑month basis; Features lobby/reception area plus 8 offices
    More about this property
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