Property profile

1507 Cotton Grv Rd Lexington, NC 27292

OFF-MARKET
Turn key restaurants
Property ID
US53-1008996
8,455 SF 1.78 ac lot Built 1998
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1998
Construction FRAME
Total area 8,455 SF
Lot 1.78 ac (77,537 SF)
Zoning code B
APN 11-347-0-000-0036
UPID US53-1008996

Cap rate & NOI

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

Location

1507 Cotton Grv Rd Lexington, NC 27292-5713
Lexington metro Census 61803 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$580k

Owner & transaction history

since 2023
Last sale
$660,000
4 recorded transactions
2023
$660,000
2016
Price N/A
2013
$2.2M
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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