16 Talbert Blvd Lexington, NC 27292-4026
Property summary
This exceptional investment opportunity presents a prime commercial property located at 16 & 18 S Talbert Blvd, Lexington, NC 27292. The property encompasses two buildings constructed in 1940 and 1958, totaling 900-1300 square feet, situated on a 1.69-acre lot (APN: 11071000C0006, 11071000C0005A, 11071000C0005, 11071000C0004, 11071000C0003) and zoned B. Currently boasting 100% occupancy since January 1, 2015, the property generates a strong NOI of $21,600, resulting in a 4.55% cap rate. The multi-tenant configuration includes a salon, currently leased month-to-month at $600, and a special needs center leased at $1,200 per month. The property also includes three additional parcels behind the buildings, adjacent to a gas station. Note that a portion of the land lies within a floodplain. This value-add investment presents significant potential for future growth and income enhancement, making it an attractive opportunity for discerning investors. The asking price is $475,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B · Lexington, NCThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B in Lexington, NC.
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Find the owner behind the property.
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