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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Grocery and convenience stores
1429 Cotton Grv Rd, Lexington, NC 27292-5244
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1865414
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,220 SF
Lot
0.68 ac (29,621 SF)
Zoning code
B
APN
11-347-0-000-0040
UPID
US53-1865414
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
-
Amoco -- Simba's Market Gas Station
-
Ripple Oil Gas Station
-
Cash2Bitcoin Bitcoin ATM Atm
-
La Costeñita Tacos King Restaurant
-
Simba's Market Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$650k
Owner & transaction history
Parnis LLC · 1 yrs held
Parnis LLC
since 2024
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
B · 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
$685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $600k (Sep 27 2024)
Last sale anchor
$600k
Sep 27 2024
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
$533 / 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
$5,975
Tax year 2023
Assessed value
$456,120
Assessed 2023
Previous assessed
$456,120
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$236,960
Improvement market value
$219,160
Total market value
$456,120
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
1,220 SF
Lot
0.68 ac (29,621 SF)
Zoning code
B
APN
11-347-0-000-0040
UPID
US53-1865414
Jurisdiction
DAVIDSON
Zoning & alternative use
B · Lexington, NC
Zoning B · permitted uses
B · 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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Parnis LLC
Entity
Mailing address
6595 ROSWELL RDG786, ATLANTA, GA 30328-3152
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
$600,000
Parnis LLC
Pennsylvania Railroad Nc LLC
Special Warranty Deed
$800,000 · Cogent Bank
Feb 6, 2024
—
Pennsylvania Railroad Nc LLC
—
Deed
related
—
Sep 27, 2023
$775,000
Pennsylvania Railroad Nc LLC
Rams Holdings LLC
Special Warranty Deed
—
Aug 10, 2017
—
Ripple Oil Co
—
Deed
related
$358,547 · Bank Of Nc
—
—
Ripple Oil Co
—
Deed Of Trust
related
$140,000 · Newbridge Bank
—
—
Ripple Oil Co
—
Deed Of Trust
related
$300,000 · Bank Of North Carolina
—
—
Ripple Oil Co
—
Deed Of Trust
related
$358,547 · Bank Of Nc
—
—
Ripple Oil Co
—
Deed Of Trust
related
$292,641 · Newbridge Bank
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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