Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lexington, NC 27292

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial space for lease with excellent connectivity and rail potential.

    We can help!

    Listing Contact
    Thomas Turner
    Source: Nmrk

    Listing Agent: Thomas Turner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Industrial Space with Rail Potential

    This industrial space for lease offers outstanding regional connectivity, located just one minute from both I-85 and I-70. The property has the potential to be rail-served. Gas is provided by Piedmont Natural Gas, and water and sewer are sourced from the city. Heating is supplied by gas, utilizing ceiling-suspended gas-fired unit heaters. The roof is constructed of standing seam metal, and the flooring consists of 6-inch thick reinforced concrete with wire welded mesh over a 4-inch stone base. The walls are metal. Air conditioning is available in the office area only. Power is supplied by Duke Power Company, with a 12,470V primary distribution line and (3) 1,000 KVA pad-mounted transformers. The switchgear includes 4,800A interior switchgear at 480Y/227V, 3 Phase, 4 Wire.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.2541
    Latitude
    35.7974

    Nearby Similar for Lease

    • Contact for pricing
      6,000 SF

      Industrial Facility with Office Space

      216,000 SF industrial building with 6,000 SF office space.
      647 Hargrave Rd, Lexington, NC 27292
      View Details
    • Contact for pricing
      138,666 SF

      Industrial Building with Expansion Potential

      138,666 SF industrial building expandable to 180,000 SF.
      880 Old Hargrave Rd, Lexington, NC 27295
      View Details
    • Contact for pricing
      375,310 SF

      Lexington Industrial Space For Lease/Sale

      Large industrial space, flexible lease options.
      100 United Furniture Dr, Lexington, NC 27292
      View Details
    • Contact for pricing
      3,600 SF

      Welcome Plaza Retail Space

      Lexington, NC Shopping Center - 3,600 SF Available
      6455 Old Us 52, Lexington, NC 27295
      View Details
    • Contact for pricing
      3,747,000 SF

      Lexington Industrial Warehouse For Sale

      Class A warehouse, 272,000 SF available
      2330 New Bowers Rd, Lexington, NC 27292
      View Details
    • $2.00 SF/Yr
      18,400 SF

      Lexington Warehouse: Prime Location

      Spacious warehouse, flexible layouts, Uptown Lexington.
      318 Main St, Lexington, NC 27292
      View Details
    • Contact for pricing
      12,511 SF

      Lexington Retail Strip Center

      High-visibility retail space available
      980 Main St, Lexington, NC 27292
      View Details
    • $9 SF/Yr
      12,000 SF

      Lexington Flex Space - Now Preleasing!

      12,000 SF Flex Space in Lexington, NC.
      794 American Way, Lexington, NC 27295
      View Details
    • Contact for pricing
      270,650 SF

      Lexington Parkway Plaza Retail Space

      Prime Lexington, NC retail space available.
      19 Plaza Pkwy, Lexington, NC 27292
      View Details
    • Contact for pricing

      Food Lion Anchored Retail Center

      106,549 SF retail center anchored by Food Lion.
      816 Winston Rd, Lexington, NC 27295
      View Details
    • $9 SF/Yr
      12,000 SF

      Industrial Space Near I-85 & I-40

      Industrial space with easy access to major interstates.
      872 American Way, Lexington, NC 27295
      View Details
    • Contact for pricing
      284,349 SF

      Lexington Warehouse with Conveyor System

      Large industrial space featuring multi-floor warehouse and conveyor system.
      100 United Furniture Dr, Lexington, NC 27292
      View Details

    FAQs

    What type of property is this?
    Specialty property - Industrial space for lease with excellent connectivity and rail potential.
    Where is this specialty property located?
    The property is located at Lexington, NC.
    What are key features of this property?
    This property features: - Unparalleled highway access: Just a one-minute drive to both I-85 and I-70.; - Substantial power infrastructure: Features (3) 1,000 KVA pad-mounted transformers and 4,800A interior switchgear.; - Potential for rail service.
    (704) 208-5243
    Request Owner's contact information
    Lexington, NC 27292
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Lexington, NC 27292
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Lexington, NC 27292
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Thomas Turner
    (704) 208-5243
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.