Commercial Land With Highway
For Sale
$159,900
7721 NC Hwy 8, Lexington, NC 27292
HCCU zoning includes an approved conditional use for an automobile sales lot, subject to Davidson County approval requirements.
Property Size1,352 SF
Price / SF$118.27
Days on Market34
Property Features for 7721 NC Hwy 8
General Information
Standard status
Active
Size
1,352 SF
Property subtype
Commercial
Building Details
Year Built
1945
Listing Agency:
John Christian Luxury Real Estate
(336) 780-7075
Listed By:
Chris Amburn · License #254282
Source:
Techrealtyllc
Added: Jun 30
Changed: Aug 2
Last Checked: Aug 2 at 5:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Christian Luxury Real Estate
Investment Insights
Based on property information with market context.
This approximately 0.78-acre commercial land parcel includes a former retail building and two mobile homes. The improvements convey with the sale, while two storage transfer trailers are excluded. The property carries HCCU, or Highway Commercial Conditional Use, zoning with an approved conditional use for an automobile sales lot. Any different commercial or residential use requires review through the Davidson County zoning process.
The site is addressed at 7721 NC Hwy 8 in Lexington and provides over 500 feet of highway frontage. Buyers should confirm zoning, permitted uses, utility availability, development requirements, and intended-use approvals with Davidson County. The county has no septic records on file for the property.
The site is addressed at 7721 NC Hwy 8 in Lexington and provides over 500 feet of highway frontage. Buyers should confirm zoning, permitted uses, utility availability, development requirements, and intended-use approvals with Davidson County. The county has no septic records on file for the property.
Key Highlights
- Approximately 0.78 acres of commercial land
- Over 500 feet of frontage on NC Highway 8
- HCCU zoning with approved conditional use for an automobile sales lot
Financial Insights For Industrial
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 | $12.2k | $9.00 |
| − Vacancy | −$961 | −$0.71 |
| EGI | $11.2k | $8.29 |
| − OpEx | −$3.4k | −$2.49 |
| NOI | $7.8k | $5.80 |
1,352 SF · lease $9.00/SF/yr · vacancy 7.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$236.5K
$207.0K – $276.0K
NOI $16,558 @ 7.0% cap · market cap 10.36%
Second Best
Industrial
$112.1K
$98.1K – $130.8K
NOI $7,845 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$343.0K
$300.2K – $400.2K
NOI $24,012 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 27292, NC
39,337
Population
18,749
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
144.0 sq mi
ZIP Area
273
Density / Sq Mi
$54,468
Median Household Income
$34,776
Median Earnings
$831
Median Rent
$193,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - HCCU zoning includes an approved conditional use for an automobile sales lot, subject to Davidson County approval requirements.
Where is this commercial land located?
The property is located at 7721 NC Hwy 8 Lexington, NC.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Approximately 0.78 acres of commercial land; Over 500 feet of frontage on NC Highway 8; HCCU zoning with approved conditional use for an automobile sales lot
