Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    713 Lexington Rd Mocksville, NC 27028-2623

    • Garden apartment buildings
    • 3,848 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1724073
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 713 Lexington Rd

    Year built
    1949
    Construction
    WOOD
    Lot size
    1.01 lot acres
    Property size
    3,848 SF
    Zone code
    GR
    Property type
    Garden apartment buildings
    APN
    J5020A0016
    APU
    J5020A0016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $355,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $260,000
      6.5%
      $265,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $255,000
      Mixed-Use
      $285,000
      Hospitality
      $270,000
      Educational
      $295,000
      Residential Income
      $255,000
      Energy
      $235,000
      Income-Based Land
      $305,000
      Food Service
      $295,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mocksville
    County
    Davie
    State
    North Carolina
    Longitude
    -80.5487
    Latitude
    35.8897
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,284
    $25,250
    $189,600
    $214,850
    -
    $25,250
    $189,600
    $214,850

    Comparable in this City

    • Value Estimation
      $685,000
      6,800 SF

      308 Milling Rd

      GARDEN APT, COURT APT (5+ UNITS) • 6,800 SF
      308 Milling Rd, Mocksville, NC 27028
      View Details
    • Value Estimation by Request
      2,754 SF

      127 Windsong Rd

      GARDEN APT, COURT APT (5+ UNITS) • 2,754 SF
      127 Windsong Rd, Mocksville, NC 27028-2955
      View Details
    • Value Estimation by Request
      5,760 SF

      100 Northridge Ct

      GARDEN APT, COURT APT (5+ UNITS) • 5,760 SF
      100 Northridge Ct, Mocksville, NC 27028
      View Details
    • Value Estimation by Request
      3,420 SF

      133 Windsong Rd

      GARDEN APT, COURT APT (5+ UNITS) • 3,420 SF
      133 Windsong Rd, Mocksville, NC 27028
      View Details
    • Value Estimation
      $415,000
      5,544 SF

      209 Country Ln

      GARDEN APT, COURT APT (5+ UNITS) • 5,544 SF
      209 Country Ln, Mocksville, NC 27028-1927
      View Details
    • Value Estimation by Request
      9,050 SF

      126 Sunset Dr

      GARDEN APT, COURT APT (5+ UNITS) • 9,050 SF
      126 Sunset Dr, Mocksville, NC 27028-2784
      View Details

    Similar Nearby for Sale

    • $1,510,000
      22.39 Acres

      Mocksville Commercial Land - 22 Acres

      Prime 22-acre tract, commercial zoning, high traffic.
      0 Us Highway 601, Mocksville, NC 27028
      View Details
    • $200,000
      2,087 SF

      Spacious Home on Wooded Lot

      Four-bedroom home on 1.6+ acre wooded lot with new HVAC.
      125 Spry Ln, Mocksville, NC 27028
      View Details
    • $235,000
      1,369 SF

      Inviting Home with Open Floorplan

      Comfortable home featuring an open floor plan and split-bedroom layout.
      232 Walt Wilson Rd, Mocksville, NC 27028
      View Details
    • $643,500
      1.43 Acres

      Mocksville Commercial Land - 1.43 Acres

      Level lot, ready for development. Residential zoning.
      1173 Yadkinville Rd, Mocksville, NC 27028
      View Details
    • $489,900
      0.44 Acres

      Positioned in a high-traffic area with significant exposure and visibility. Opportunity for growth through additional services or expansion of current operations. Close proximity to shopping centers

      restaurants
      922 Yadkinville Rd, Mocksville, NC 27028
      View Details
    • Contact for pricing
      4.20 Acres

      4.2-Acre Commercial Land, Mocksville, NC

      Prime Commercial Land: High Traffic, Utilities Available
      901 Us Highway 64, Mocksville, NC 27028
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,700 SF

      Mocksville Medical Office Building

      1,700 SF Medical Office - Fully Vacant
      118 Hospital St, Mocksville, NC 27028
      View Details
    • Contact for pricing
      46,174 SF

      Davie County Medical Redevelopment

      High-traffic location, build-to-suit options.
      1515 Yadkinville Rd, Mocksville, NC 27028
      View Details
    • $3 SF/Yr
      185,742 SF

      Mocksville Warehouse Space Available

      ±109,397 SF Warehouse, Mocksville, NC
      521 Milling Rd, Mocksville, NC 27028
      View Details
    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.
    713 Lexington Rd
    Mocksville, NC 27028-2623
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.