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Property profile & analytics
OFF-MARKET
Office buildings
12 Hackney St, Lexington, NC 27292-4216
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1279860
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
400 SF
Lot
13.15 ac (572,814 SF)
Zoning code
I
APN
11-039-0-00A-0003-B
UPID
US53-1279860
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Phoenix Lexington Nc Industrial Inv · 2 yrs held
Phoenix Lexington Nc Industrial Inv
since 2023
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
I · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$58,593
Tax year 2023
Assessed value
$4,472,760
Assessed 2023
Previous assessed
$4,472,760
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$164,380
Improvement market value
$4,308,380
Total market value
$4,472,760
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Bathrooms
13
Total area
400 SF
Lot
13.15 ac (572,814 SF)
Zoning code
I
APN
11-039-0-00A-0003-B
UPID
US53-1279860
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.
Building & site characteristics
From public records
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Bathrooms
13
Lot
13.15 ac
Current owner
From public records · entity-resolved
Phoenix Lexington Nc Industrial Inv
Individual
Mailing address
401 E KILBOURN AVE STE #201, MILWAUKEE, WI 53202-3212
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
—
Phoenix Lexington Nc Industrial Inv
—
Deed
related
$155,000,000 · Ubs Ag, Stamford Branch
Sep 8, 2023
$7,250,000
Phoenix Lexington Nc Industrial Inv
United Furniture Industries Nc LLC
Special Warranty Deed
$70,000,000 · Ubs Ag
Jul 7, 2022
—
United Furniture Industries Nc LLC
—
Deed
related
$25,000,000 · David A Belford Separate Property Trust
Sep 4, 2019
—
United Furniture Industries Nc
—
Deed
related
—
Jun 30, 2017
—
United Furniture Industries Nc
—
Grant Deed
related
$24,600,000 · Wells Fargo Bk
Apr 16, 2010
$16,500
United Furniture Inds Nc LLC
North Carolina Railroad Co
Grant Deed
—
Apr 16, 2010
$1,140,000
United Furniture Ind Nc LLC
Owner Name Unavailable
Warranty Deed
related
—
Apr 1, 2010
$1,500
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
—
—
United Furniture Industries Nc
—
Loan Modification
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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