Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1526 Old Us Highway 64 Lexington, NC 27292
    Back to Search
    Property profile & analytics

    1526 Old Us Highway 64, Lexington, NC 27292

    View on Map
    • Industrial properties
    For Sale
    $550,000
    View Listing →
    Lexington Industrial Property - Huge Potential For Sale
    $550,000

    Lexington Industrial Property - Huge Potential

    Established Junkyard, 2.67 Acres, Great Location

    1526 Old Us Highway 64, Lexington, NC 27292
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HRM Auto Salvage / Auto Parts Store

    Property Details for 1526 Old Us Highway 64

    Year built
    1980
    Property type
    Industrial properties

    Description

    This exceptional 2.67-acre industrial property in Lexington, NC, presents a remarkable business opportunity. The sale includes a well-established junkyard, complete with a substantial inventory (included in the $550,000 asking price). The property features a versatile brick building of approximately 1800 square feet, offering ample office space and a convenient bathroom. A two-bay garage is also included, equipped with a tire machine and lifts, enhancing operational efficiency. The property's prime Lexington location ensures excellent accessibility and visibility, making it ideal for continued operation as a junkyard or for a variety of other industrial uses. The expansive acreage provides significant room for expansion and future development. This turnkey operation offers immediate income potential and substantial long-term growth prospects. The property is ready for a new owner to capitalize on its existing infrastructure and strategic location. Serious inquiries are encouraged to explore this unique investment opportunity. The property is being sold as-is. Contact the listing agent for showing instructions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.232
    Latitude
    35.8128

    Comparable in this City

    • Value Estimation by Request
      74.00 Acres

      313 New Cut Rd

      Distribution properties • 220,000 SF
      313 New Cut Rd, Lexington, NC 27292
      View Details
    • Value Estimation by Request
      18,400 SF

      318 Main St

      Distribution properties • 18,400 SF
      318 Main St, Lexington, NC 27292
      View Details
    • Value Estimation
      $2,045,000
      49,270 SF

      2018 Us Hwy 64

      INDUSTRIAL (GENERAL) • 49,270 SF
      2018 Us Hwy 64, Lexington, NC 27292-8083
      View Details
    • Value Estimation by Request
      20.00 Acres

      943 New Cut Rd

      Land • 20.00 Acres
      943 New Cut Rd, Lexington, NC 27292
      View Details
    • Value Estimation by Request
      1.01 Acres

      Burgin Dr

      INDUSTRIAL (GENERAL) • 1.01 Acres
      Burgin Dr, Lexington, NC 27292
      View Details
    • Value Estimation by Request
      800 SF

      1534 Burkhart Rd

      LUMBERYARD, BUILDING MATERIALS • 800 SF
      1534 Burkhart Rd, Lexington, NC 27292
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      90,000 SF

      Industrial Facility on 10.78 Acres

      90,000 sqft industrial facility on approximately 10.78 acres.
      401 E Us Highway 64, Lexington, NC 27292
      View Details
    • $550,000

      Lexington Industrial Property - Huge Potential

      Established Junkyard, 2.67 Acres, Great Location
      1526 Old Us Highway 64, Lexington, NC 27292
      View Details
    • $995,000
      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
    • Contact for pricing
      375,310 SF

      Lexington Warehouse - 375,310 SF

      Prime NC industrial warehouse, rail access.
      100 United Furniture Dr, Lexington, NC 27292
      View Details
    • Contact for pricing
      3,747,000 SF

      Lexington Industrial Warehouse - 3.7M SF

      Class A warehouse, ideal for distribution & manufacturing. Prime I-85 location.
      2330 New Bowers Rd, Lexington, NC 27292
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      216,000 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

      Downtown Lexington Storage Space Available

      Unfinished storage space in a highly visible downtown location.
      318 N Main St, Lexington, NC 27292
      View Details
    • Contact for pricing

      Lexington Warehouse Space Available

      284,349 SF warehouse space available for lease or sale.
      100 United Furniture Dr, Lexington, NC 27292
      View Details
    • $2.00 SF/Yr
      4,959 SF

      Downtown Lexington Storage Space Available

      Unfinished top and basement level space for business storage needs.
      318 N Main St, Lexington, NC 27292
      View Details
    • Contact for pricing
      3,749,000 SF

      Class A Industrial Development

      Master-planned industrial center located on I-85 in Davidson County, NC.
      2330 New Bowers Rd, Lexington, NC 27292
      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
    View Listing
    Request Owner's contact information
    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.
    1526 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
    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

    Thank You for Inquiry
    1526 Old Us Highway 64, Lexington, NC, 27292
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!