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    101 Lexington Pkwy Lexington, NC 27295
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    Property profile & analytics

    101 Lexington Pkwy Lexington, NC 27295

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    • Industrial properties
    • 100,000 SF
    • 18.18 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chesapeake Printing and packaging / Department Store
    • WestRock / Industrial Manufacturer / Production Facility

    Property Details for 101 Lexington Pkwy

    Year built
    1997
    Lot size
    18.18 lot acres
    Property size
    100,000 SF
    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    This exceptional 100,000-square-foot industrial building, situated on an expansive 18.18-acre lot in Lexington, North Carolina, presents a compelling investment opportunity. Located at 101 Lexington Parkway, this single-story Class B manufacturing facility boasts a substantial footprint, ideal for a variety of industrial uses. Constructed in 1997, the property features seven dock-high doors, ensuring efficient loading and unloading operations. Ample parking is provided with 134 spaces, accommodating employees and visitors alike. The building's 14-foot ceiling height offers significant vertical clearance for storage and operational needs. Priced at $5,500,000, or $55 per square foot, this property represents a strong value proposition in a desirable location within Davidson County. The single-tenant occupancy provides stability and ease of management. This well-maintained facility offers a rare opportunity to acquire a significant industrial asset in a thriving market. The property's size and features make it suitable for a wide range of manufacturing and warehousing operations. Its strategic location in Lexington, NC, provides easy access to major transportation routes, further enhancing its appeal to potential buyers. Don't miss this chance to own a substantial industrial property in a prime location.

    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
    -80.3197
    Latitude
    35.7791

    Comparable in this City

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    • Value Estimation
      $2,435,000
      41,039 SF

      914 Old Hargrave Rd

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    • Value Estimation by Request
      11,896 SF

      1103 Koontz Rd

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    • Value Estimation
      $2,975,000
      64,333 SF

      969 American Way

      MANUFACTURING (LIGHT) • 64,333 SF
      969 American Way, Lexington, NC 27295
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    • Value Estimation
      $510,000
      6,693 SF

      6055 Old Us Hwy 52

      FACTORY (MANUFACTURING) • 6,693 SF
      6055 Old Us Hwy 52, Lexington, NC 27295-6101
      View Details
    • Value Estimation by Request
      576 SF

      4572 Nc Hwy 150

      MANUFACTURING (LIGHT) • 576 SF
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      View Details

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      Commercial Property for Lease

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    101 Lexington Pkwy
    Lexington, NC 27295
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    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
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