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    2164 Holly Grove Rd Lexington, NC 27292

    For Sale
    $1,360,000

    Commercial land near I-85 and US Hwy 64 intersection.

    Property Features for 2164 Holly Grove Rd

    General Information

    Standard status
    Active

    Source: DELAPP PROPERTIES Agent MICHELLE M. DELAPP

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

    Overview

    Commercial Land Near I-85

    This commercial land is located near the intersection of I-85 and US Hwy 64, behind Randy's Restaurant. A sewer line is located within 600 feet of the property. The owners are currently working on obtaining a right-of-way on US Hwy 64. The highest and best use for this property is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store HVAC Service Electrical Service Furniture Store Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.1901102
    Latitude
    35.8148163

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    FAQs

    What type of property is this?
    Commercial land - Commercial land near I-85 and US Hwy 64 intersection.
    Where is this commercial land located?
    The property is located at 2164 Holly Grove Rd Lexington, NC.
    What is the asking price?
    The asking price for this property is $1,360,000.
    What are key features of this property?
    This property features: - Near the intersection of I-85 and US Hwy 64; - Highest and best use for commercial; - Sewer line within 600'
    Request Owner's contact information
    2164 Holly Grove Rd Lexington, NC 27292
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    Lexington, NC 27292
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    Realmo Value Estimation

    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.

    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.

    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
    2164 Holly Grove Rd Lexington, NC 27292
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