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Financial
Distress signals
Property profile

1506 Lexington Ave Thomasville, NC 27360

FOR SALE
Manufacturing properties
Property ID
US53-1217473
22,178 SF 2.7 ac lot Built 1947
Last sale Sep 2021 · $5,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This expansive industrial warehouse, situated at 1506 Lexington Avenue in the heart of Thomasville, North Carolina, presents a significant opportunity for businesses seeking ample space and convenient access. Boasting over 21,000 square feet of interior space, this property is ideal for a variety of manufacturing or storage applications. Its downtown Thomasville location offers easy access to major transportation routes, including convenient proximity to interstate highways. The property…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$368k
Effective rate1.16%

Value estimate

· Oct 2026
$645k
$581k – $710k
Submarket $/SF estimate$702k
NOI build-up
Gross scheduled income$200k
Vacancy & credit loss−$16k
Operating expenses−$55k
NOI · 32.17% cap applied$129k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$50/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$32 – $76
Qualifying comparables14

Cap rate analysis

How does the asset earn?
32.17%
$129k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M1
JurisdictionDAVIDSON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.0
HVAC Service9.9
Hair Salon9.8

Location

1506 Lexington Ave Thomasville, NC 27360
County assessor Recorded deeds · 1 transfer 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
104 Payne, Thomasville, NC 27360-8968 $800,000 Apr 2025 19,140 SF
108 Payne, Thomasville, NC 27360-8968 $900,000 May 2024 20,744 SF
201 Holly Hl, Thomasville, NC 27360-5819 $2,750,000 Feb 2023 31,504 SF
4001 Ball Park, Thomasville, NC 27360-8976 $717,000 Dec 2022 42,621 SF
15 High Tech Blvd, Thomasville, NC 27360-5560 $1,300,000 May 2022 22,965 SF
704 Pineywood, Thomasville, NC 27360-2753 $359,000 Nov 2021 11,855 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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