Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1506 Cotton Grv Rd Lexington, NC 27292-5714

    • Medical offices
    • 5,002 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimation
    $2,490,000
    Last Sale
    Nov 04, 2022
    $2,513,000
    Location Intelligence
    Property ID
    US53-3530402
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motto Clear Aligners / Dentist
    • Aspen Dental - Lexington, NC / Dentist

    Property Details for 1506 Cotton Grv Rd

    Year built
    2022
    Construction
    STEEL FRAME
    Lot size
    0.80 lot acres
    Property size
    5,002 SF
    Zone code
    B
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    11-347-0-000-0052
    APU
    1134700000052

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,465,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,650,000
      6.5%
      $2,505,000
      7%
      $2,565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,760,000
      Geo Method
      $2,845,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,090,000
      Retail
      $2,035,000
      Mixed-Use
      $2,475,000
      Hospitality
      $1,920,000
      Educational
      $2,125,000
      Residential Income
      $2,495,000
      Energy
      $2,505,000
      Income-Based Land
      $2,415,000
      Food Service
      $1,940,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.2596
    Latitude
    35.7825
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,602
    $0.00
    $0.00
    $1,353,920
    -
    $278,780
    $1,075,140
    $1,353,920

    Comparable in this City

    • Value Estimation by Request
      3,953 SF

      32 Kirkwood Ave

      MEDICAL BUILDING • 3,953 SF
      32 Kirkwood Ave, Lexington, NC 27292-4024
      View Details
    • Value Estimation by Request
      6,880 SF

      102 Medical Park Dr

      MEDICAL BUILDING • 6,880 SF
      102 Medical Park Dr, Lexington, NC 27292-6773
      View Details
    • Value Estimation by Request
      2,584 SF

      11 Medical Park Dr

      MEDICAL BUILDING • 2,584 SF
      11 Medical Park Dr, Lexington, NC 27292-6768
      View Details
    • Value Estimation by Request
      2,655 SF

      202 Ctr St

      MEDICAL BUILDING • 2,655 SF
      202 Ctr St, Lexington, NC 27292-3012
      View Details
    • Value Estimation
      $3,300,000
      12,236 SF

      110 Medical Park Dr

      MEDICAL BUILDING • 12,236 SF
      110 Medical Park Dr, Lexington, NC 27292-6773
      View Details
    • Value Estimation
      $770,000
      3,818 SF

      114 Medical Park Dr

      MEDICAL BUILDING • 3,818 SF
      114 Medical Park Dr, Lexington, NC 27292-6773
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lexington Office Space For Lease

      Four offices, two baths, great reception area.
      102-C 1St Ave, Lexington, NC 27292
      View Details
    • $220,000

      Lexington Office Building - Great Investment

      Prime Lexington office, 1904 sq ft, ample parking.
      418 5Th Ave, Lexington, NC 27292
      View Details
    • $529,900

      Renovated Mixed-Use Lexington Property

      Mixed-use property near uptown Lexington with residential and commercial spaces.
      510 W Center St, Lexington, NC 27292
      View Details
    • $1,200,000

      Lexington Office Building Investment

      Downtown Lexington, Income-Producing Office
      121 Center St, Lexington, NC 27292
      View Details
    • Contact for pricing

      Office Space in Lexington, NC

      Office space featuring private offices, reception area, and central HVAC.
      102-c W 1St Ave, Lexington, NC 27292
      View Details
    • New
      $339,998

      Historic Office Building in Lexington

      Stately office building in the heart of the historic district.
      501 2Nd Ave, Lexington, NC 27292
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      18,400 SF

      Lexington Warehouse: Prime Location

      Spacious warehouse, flexible layouts, Uptown Lexington.
      318 Main St, Lexington, NC 27292
      View Details
    • Contact for pricing
      6,000 SF

      Industrial Facility with Office Space

      216,000 SF industrial building with 6,000 SF office space.
      647 Hargrave Rd, Lexington, NC 27292
      View Details
    • Contact for pricing
      3,747,000 SF

      Lexington Industrial Warehouse For Sale

      Class A warehouse, 272,000 SF available
      2330 New Bowers Rd, Lexington, NC 27292
      View Details
    • Contact for pricing
      270,650 SF

      Lexington Parkway Plaza Retail Space

      Prime Lexington, NC retail space available.
      19 Plaza Pkwy, Lexington, NC 27292
      View Details
    • Contact for pricing
      12,511 SF

      Lexington Retail Strip Center

      High-visibility retail space available
      980 Main St, Lexington, NC 27292
      View Details
    • Contact for pricing
      375,310 SF

      Lexington Industrial Space For Lease/Sale

      Large industrial space, flexible lease options.
      100 United Furniture Dr, Lexington, NC 27292
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1506 Cotton Grv Rd
    Lexington, NC 27292-5714
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.