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Property profile & analytics
OFF-MARKET
Office buildings
16 Talbert Blvd, Lexington, NC 27292-4026
Entity Owned
Free & Clear
Property ID
US53-1066801
Property summary
AI-generated overview
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
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,216 SF
Lot
0.17 ac (7,405 SF)
Zoning code
B
APN
11-071-0-00C-0005-A
UPID
US53-1066801
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
South Talbert LLC
South Talbert LLC
since 2026
Last sale
$245,000
2 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,209
Tax year 2023
Assessed value
$92,280
Assessed 2023
Previous assessed
$92,280
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$26,660
Improvement market value
$65,620
Total market value
$92,280
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,216 SF
Lot
0.17 ac (7,405 SF)
Zoning code
B
APN
11-071-0-00C-0005-A
UPID
US53-1066801
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
South Talbert LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1 7TH SPGS LN APT 10J, BURLINGTON, MA 01803-5123
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
$245,000
South Talbert LLC
Shaila Uppin
Warranty Deed
—
Jun 18, 2021
—
Shaila Uppin
Shalla S Uppin
Intrafamily Transfer
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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