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Property profile

1245 Fairview Dr Lexington, NC 27292

OFF-MARKET
Hotels
Property ID
US53-3456603
View Sample
45,217 SF 1.61 ac lot Built 2019
Entity Owned 7-yr Hold

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2019
Construction FRAME
Total area 45,217 SF
Lot 1.61 ac (70,132 SF)
Zoning code B
APN 11-347-B-000-0166
UPID US53-3456603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electric Vehicle Charging Station
  • Hotel & Motel

Value estimations

Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2019
5 recorded transactions
2020
Price N/A
2019
Price N/A
2018
$395,000
2009
$215,000
1969
Price N/A

Zoning & alternative use

B · Lexington, NC
Zoning description

The intent of thebusinessdistrictis to accommodate a wide range of retail, service, governmental, and office uses that serve not only the Lexington community, but also travelers along key highway corridors. Thisdistrictp…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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