Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7515 Old Us Highway 64 Lexington, NC 27292

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $295,000

    25+/- acres in Davidson County, currently in forestry program.

    Lot size:
    25.00 Acres

    Property Features for 7515 Old Us Highway 64

    General Information

    Standard status
    Active
    Lot size
    25.00 Acres

    We can help!

    Listing Contact
    Ann Black
    Ann Black
    Source: Corcoran

    Listing Agency: ANN BLACK REALTY, INC. Listing Agent: Ann Black

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

    Learn more

    Overview

    Davidson County Acreage Available

    This property features approximately 25 acres of land in Davidson County. The land is currently enrolled in a forestry program, which provides for reduced property taxes. According to the seller and Davidson County Environmental Health, the property is located on E. Old Hwy 64.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.0359512
    Latitude
    35.7393692

    Nearby Similar for Sale

    • New
      $299,000
      Pending

      Lexington Retail Space with Kitchen

      Restaurant or retail opportunity with commercial kitchen and ample parking.
      518 Southbound St, Lexington, NC 27292
      View Details
    • $599,950
      1,060 SF

      Commercial Building in Lexington, NC

      Commercial building with possibilities in Lexington, North Carolina.
      11362 Old Us Highway 52, Lexington, NC 27295
      View Details
    • $229,900

      Historic Lexington Mixed-Use Opportunity

      Historic 4-story brick building in downtown Lexington, North Carolina.
      1 State St, Lexington, NC 27292
      View Details
    • Contact for pricing

      Office Space in Lexington, NC

      Office space featuring private offices, reception area, and HVAC.
      102-c W 1St Ave, Lexington, NC 27292
      View Details
    • New
      $395,000
      Pending

      Retail Building in Lexington, NC

      Retail building on a high visibility corner with high traffic.
      520 Salem St, Lexington, NC 27293
      View Details
    • $349,900
      0.86 Acres

      Prime Commercial Building, Lexington

      Commercial building in high-traffic location suitable for various business uses.
      3995 Old Us Highway 52, Lexington, NC 27295
      View Details
    • $649,999

      Lexington Car Wash Investment Opportunity

      Car wash with laser wash and hand wash bays.
      1544 Old Us Highway 52, Lexington, NC 27295
      View Details
    • $1,300,000
      23,000 SF

      Renovated Industrial Building in Lexington

      Versatile 23,000+ sq ft renovated building in downtown Lexington.
      30 E 1St St, Lexington, NC 27292
      View Details
    • $1,450,000

      Established Restaurant with Drive-Thru

      Thriving restaurant for sale with ample parking and drive-thru.
      9150 Nc Highway 8, Lexington, NC 27292
      View Details
    • $1,300,000
      118,977 SF

      Warehouse Near Lexington Depot

      120,000 sq. ft. warehouse near future rail station.
      200 E 2Nd Ave, Lexington, NC 27292
      View Details
    • $650,000

      Updated Commercial Building Near Highway

      Updated commercial building with high visibility and accessibility.
      3574 Cotton Grove Rd, Lexington, NC 27292
      View Details
    • $450,000

      Lexington Commercial Building For Sale

      Approximately 5,500 sq. ft. commercial building in Lexington, NC.
      22 S Talbert Blvd, Lexington, NC 27292
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 25+/- acres in Davidson County, currently in forestry program.
    Where is this agricultural land / farmland located?
    The property is located at 7515 Old Us Highway 64 Lexington, NC.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - 25 +/- Acres of Land; - Located in Davidson County; - Currently in Forestry Program, resulting in low property taxes
    (336) 472-1809
    Request Owner's contact information
    7515 Old Us Highway 64 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.
    7515 Old Us Highway 64
    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
    7515 Old Us Highway 64 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
    Ann Black
    Ann Black
    Real Estate License ID: 161505
    (336) 472-1809 (336) 362-5578
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!