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Property profile & analytics
OFF-MARKET
Estimated value
$5,645,000
Warehouses
113 Woodside Dr, Lexington, NC 27292-7718
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2223059
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Total area
131,250 SF
Lot
14.3 ac (622,908 SF)
Zoning code
I
APN
06-005-0-000-0014
UPID
US53-2223059
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tubular Textile Machinery dba Navis Global Industrial Manufacturer Production Facility
-
Navis/TubeTex JELD-WEN AWD Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.68M
Blend (final)
Blend
$5.65M
Owner & transaction history
Nclx 111 113 Woodside Dr LLC · 4 yrs held
Nclx 111 113 Woodside Dr LLC
since 2022
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
I · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.8M
+15.5%
Apartment house (5+ units)
$7.8M
+2.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,870,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,605,000
Current use
AUTO REPAIR, GARAGE
$8,785,000
Change: +15% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,805,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,985,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$6,800,000
Change: -11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,575,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$5.65M
Range $5.08M – $6.21M · ±10% · vs last sale $7.00M (Feb 9 2022)
Last sale anchor
$7.00M
Feb 9 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$43 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,419
Tax year 2023
Assessed value
$2,976,420
Assessed 2023
Previous assessed
$2,976,420
+0.0% YoY
Effective rate
1.19%
On assessed value
Land market value
$715,000
Improvement market value
$2,261,420
Total market value
$2,976,420
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
131,250 SF
Lot
14.3 ac (622,908 SF)
Zoning code
I
APN
06-005-0-000-0014
UPID
US53-2223059
Jurisdiction
DAVIDSON
Zoning & alternative use
I · Lexington, NC
Zoning I · permitted uses
I · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.0M
RETAIL STORES
Est. value
$6.8M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
5
Lot
14.3 ac
Current owner
From public records · entity-resolved
Nclx 111 113 Woodside Dr LLC
Entity
Mailing address
FRAMINGHAM, MA 01701
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
—
Nclx 111 113 Woodside Dr LLC
Charis Tcp Industrial II LLC
Deed
—
Feb 9, 2022
$7,000,000
Nclx 111 113 Woodside Dr LLC
Charis Tcp Industrial II LLC
Special Warranty Deed
$60,500,000 · Ubs Bank USA
Apr 16, 2018
—
Charis Tcp Industrial II LLC
Charis Woodside LLC
Warranty Deed
$9,500,000 · Wells Fargo Bank NA
Mar 17, 2017
$2,824,000
Charis Woodside LLC
Woodside Properties LLC
Limited Warranty Deed
$2,400,400 · American National Bank & Trust Co
Mar 18, 2008
—
Woodside Properties LLC
—
Deed Of Trust
related
$30,000,000 · Associated Bank
Dec 12, 2007
$4,300,000
Woodside Properties LLC
Merrimack Realty Trust
Warranty Deed
—
—
—
Merrimack Realty Trust
—
Deed Of Trust
related
$2,800,000 · Wachovia Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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