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Property profile & analytics
OFF-MARKET
Estimated value
$3,105,000
Banks
115 Ctr St, Lexington, NC 27292-3311
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-1679194
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,400 SF
Lot
0.97 ac (42,140 SF)
Zoning code
U
APN
11-078-0-00H-0011
UPID
US53-1679194
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
-
Holton Law Firm Law Firm
-
Raymond James Financial Services Financial Advisor
-
Pinnacle Financial Partners Bank Loan Service
-
Pinnacle Asset Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.11M
Owner & transaction history
Christopher Eric Benge · 1 yrs held
Christopher Eric Benge
since 2025
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
U · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,735,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,025,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.11M
Range $2.79M – $3.42M · ±10% · vs last sale $3.10M (May 2 2023)
Last sale anchor
$3.10M
May 2 2023
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
$299 / 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
$30,617
Tax year 2023
Assessed value
$2,337,150
Assessed 2023
Previous assessed
$2,337,150
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$263,380
Improvement market value
$2,073,770
Total market value
$2,337,150
Applied tax rate
11.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
5
Total area
10,400 SF
Lot
0.97 ac (42,140 SF)
Zoning code
U
APN
11-078-0-00H-0011
UPID
US53-1679194
Jurisdiction
DAVIDSON
Zoning & alternative use
U · Lexington, NC
Zoning U · permitted uses
U · 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
RESTAURANT
Est. value
$2.0M
RESTAURANT
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.97 ac
Current owner
From public records · entity-resolved
Christopher Eric Benge
Individual
Free & Clear · 1 yrs held
Mailing address
150 3RD AVE S, NASHVILLE, TN 37201-2011
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
65 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
$277,000
Christopher Eric Benge
Alexander Carson
Deed
related
—
Jan 28, 2025
—
Tammy L Owens
David Leon Owens
Deed
related
—
Nov 8, 2024
$180,000
Friedberg Court LLC
Riccardo Transou Sherman
Warranty Deed
—
Nov 6, 2024
—
Harry N Williams
Carolyn M Williams
Deed
related
—
Nov 5, 2024
$272,500
Carmen B Davis
Thomas Lairson
Warranty Deed
$260,000 · Movement Mortgage
Oct 29, 2024
$85,000
Michael Steven Parks
Dallas S Lanier
Warranty Deed
—
Oct 29, 2024
$750,000
Joanne M Bocach LLC
Elizabeth Jones Rose
Warranty Deed
—
Oct 25, 2024
$12,000
Patrick Mccollum
Johnny R Barrett
Warranty Deed
—
Oct 11, 2024
$362,500
Benjamin Robert Boyd
Robert Butler
Warranty Deed
—
Oct 1, 2024
—
Oscar Cruzcastillo
David Bryan Mode
Warranty Deed
—
Sep 27, 2024
$250,000
Jacob Wadley
Dennis Walter Cadle
Warranty Deed
$200,000 · Integrity Home Mortgage Corp
Sep 19, 2024
$247,000
Jacob Lee Clodfelter
Marie Hedrick Abbey
Warranty Deed
$197,600 · Allegacy FCU
Sep 18, 2024
$344,000
Anthony Scott Bender
Nathan Lee Burrows
Warranty Deed
$355,352 · Atlantic Bay Mortgage Group LLC
Sep 13, 2024
—
Aaron Mcabee
Sok H Mcabee
Deed
related
—
Sep 9, 2024
$306,000
Ryne Leonard Elmore
James David Qualkenbush
Warranty Deed
—
Sep 6, 2024
$30,000
J Marshall Construction LLC
Gabriel Nicole Phillips
Warranty Deed
—
Sep 4, 2024
—
Alan Gantt Construction Incorporate
Anthony James Ledford
Warranty Deed
—
Aug 30, 2024
$230,000
Amber Walker
Lisa Gregory
Warranty Deed
$225,834 · Truliant FCU
Aug 29, 2024
$250,000
Amber Cottrell
Mccurdy Builders LLC
Warranty Deed
$239,500 · Movement Mortgage
Aug 29, 2024
$287,000
Zachary Shepard
Greg C Honbaier
Warranty Deed
$273,599 · Fairway Independent Mortgage Corp
Aug 20, 2024
$484,500
April Mcafee
Ryne Gitter
Warranty Deed
$385,595 · American Heritage Lending INC
Aug 7, 2024
$120,000
Sharazad Sarsour
Kathryn Klaver Ratchford
Warranty Deed
$90,000 · State Employees Cu
Aug 5, 2024
$495,000
Shandal Queen
Barry J Huffman
Warranty Deed
$438,542 · Atlantic Bay Mortgage Group LLC
Jun 10, 2024
—
Michael Ben Stevenson JR
George Eugene Carter
Warranty Deed
—
May 30, 2024
$32,000
Pamela Shillinglaw
Mark Richardson
Warranty Deed
—
May 22, 2024
$275,000
Jonathan E Milam
Harrison H Shepherd
Warranty Deed
—
May 20, 2024
—
Melissa Beck
Deborah E Burkhart
Deed
related
—
May 13, 2024
$460,000
Hugh Shepherd Harrison
Steven Smith
Warranty Deed
$437,000 · Truist Bank
Apr 26, 2024
$80,000
Michelle Y Epley
Matthew L Berrier
Warranty Deed
—
Apr 26, 2024
$75,000
Mcabee Investments LLC
Steve Smith
Warranty Deed
—
Apr 19, 2024
$46,500
James Shepard
Brantley S Mcgee
Warranty Deed
—
Apr 17, 2024
—
Nadeem Javaid
Nadeem Javaid
Deed
related
—
Apr 9, 2024
$130,000
Nia Capri Ward
Sherri Lynn Myers
Warranty Deed
$104,000 · State Employees Cu
Mar 27, 2024
$265,000
Joshua Logan Phillips
Raymond C Brown Ill
Warranty Deed
$260,200 · Everett Financial INC
Mar 11, 2024
$45,000
Greeley N Hilton JR
Standell Corporation
Warranty Deed
—
Feb 26, 2024
$255,000
Brian Hopkins
Ann Bowers Brooks
Warranty Deed
—
Jan 26, 2024
—
Olivia Ann Styers
Olivia Ann Styers
Deed
related
—
Jan 25, 2024
$232,000
Brett Younts
Triad Landcare Properties LLC
Warranty Deed
—
Dec 8, 2023
$25,000
Kevin Michael Brewer
Thomas R Lather
Warranty Deed
—
Dec 8, 2023
—
Thomas R Lather
Thomas R Lather
Deed
related
—
Dec 1, 2023
$299,000
David Coy
Faithful Tools Construction LLC
Warranty Deed
$100,000 · Lower LLC
Oct 6, 2023
$70,000
Shane Powell
David L Miller
Warranty Deed
—
Oct 6, 2023
—
Victoria M Koontz
David L Miller
Warranty Deed
—
Oct 3, 2023
$289,000
Karissa Berrier
Mcabee Investments LLC
Warranty Deed
—
Oct 2, 2023
$633,000
Matthew Park Newton
Richard E Maxey
Warranty Deed
—
Oct 2, 2023
$40,000
Raynor Investments INC
Evergrowing Real Estate Investments
Warranty Deed
—
Sep 29, 2023
$216,000
Natalie J Engel
Benjamin Whitley Cooper
Warranty Deed
—
Sep 28, 2023
$250,000
Mark Richardson
Joseph Scott Cope
Warranty Deed
—
Aug 3, 2023
$545,000
Crystal James Faircloth
Buie & Kates Enterprises LLC
Warranty Deed
—
Aug 1, 2023
$25,000
Alan Gantt Construction Incorporate
Campbell Ledford Executive Investme
Warranty Deed
—
Jul 24, 2023
$225,000
Carly Spainhour
Raymond Spainhour
Warranty Deed
related
—
Jul 3, 2023
—
Chelsea Gailey
Joseph Gailey
Deed
related
—
Jun 12, 2023
$150,000
Mcabee Investments LLC
Mitzi Lynn Rogers Owens
Warranty Deed
—
May 26, 2023
—
Mary Ann Klotz
Mary Ann Klotz
Deed
related
$248,000 · The Fidelity Bank
May 24, 2023
$56,000
Drusella H Clayton
Kenyatta Owusu Martin
Warranty Deed
$58,000 · State Employees Cu
May 5, 2023
$139,000
Jason Leon Callahan
Paul Holshouser Allen
Warranty Deed
—
May 3, 2023
$220,000
Robert J Bolles
Patricia Elaine Davis Haas
Warranty Deed
$160,000 · State Employees Cu
May 2, 2023
$3,103,000
Pnb Portfolio Owner LLC
Pinnacle Bank
Special Warranty Deed
$130,818,000 · Old Republic National Title Insuran
May 2, 2023
—
Pinnacle Bank
Pnb Portfolio Owner LLC
Assignment Of Lease (leasehold Sale)
—
Mar 31, 2023
$50,000
Brenda Yarbrough
Barbara Fechtman Fowler
Warranty Deed
—
Feb 28, 2023
$12,000
Jesse Ray Leonard
High Rock Investments LLC
Warranty Deed
—
Feb 23, 2023
$77,000
Mary Ann Klotz
Jason Spears
Warranty Deed
—
Feb 8, 2023
$500,000
Robert Leon Jones
Leta Outlaw
Warranty Deed
—
Apr 25, 2019
—
Victoria M Koontz
Miller,rebecca E
Warranty Deed
—
Jun 9, 2014
$89,000
Bank Of Nc
Powell Alan B
Trustees Deed
related
—
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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