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Property profile & analytics
OFF-MARKET
Estimated value
$16,350,000
Retail properties & Spaces
160 Lowes Blvd Lexington, NC 27292-5347
Trust Owned
21-yr Hold
Free & Clear
Property ID
US53-5597913
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
207,185 SF
Lot
29.84 ac (1,299,830 SF)
Zoning code
B
APN
11-342-0-000-0024
UPID
US53-5597913
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
Current use
Occupant on record · Public records
-
MoneyGram Bank Credit Union
-
Walmart House Cleaning Services Hardware & Home Improvement
-
William Robinson Pharmacy
-
Walmart Bakery Bakery Specialty Food Shop
-
Woodforest National Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.35M
Blend (final)
Blend
$16.35M
Owner & transaction history
Wal-mart R/e Busn Trust · 21 yrs held
Wal-mart R/e Busn Trust
since 2004
2 recorded transactions
Zoning & alternative use
B · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$16.2M
+51.0%
Auto repair, garage
$13.9M
+29.2%
Apartment house (5+ units)
$12.3M
+14.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$10,730,000
Current use
OFFICE BUILDING
$16,200,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,865,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,315,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,005,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,030,000
Change: +3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$10,380,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$16.35M
Range $14.72M – $17.99M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$79 / SF
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
$171,074
Tax year 2023
Assessed value
$13,059,100
Assessed 2023
Previous assessed
$13,059,100
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$2,611,000
Improvement market value
$10,448,100
Total market value
$13,059,100
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
207,185 SF
Lot
29.84 ac (1,299,830 SF)
Zoning code
B
APN
11-342-0-000-0024
UPID
US53-5597913
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.7M
OFFICE BUILDING
Est. value
$16.2M
AUTO REPAIR, GARAGE
Est. value
$13.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.3M
WAREHOUSE, STORAGE
Est. value
$12.0M
COMMERCIAL (GENERAL)
Est. value
$11.0M
INDUSTRIAL (GENERAL)
Est. value
$10.4M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
29.84 ac
Current owner
From public records · entity-resolved
Wal-mart R/e Busn Trust
Trust
Free & Clear · 21 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2004
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
Dec 2, 2004
—
Wal-mart R/e Busn Trust
Hinkle Henry E L Trust
Quit Claim Deed
related
—
Dec 2, 2004
$1,406,500
Wal-mart R/e Busn Trust
Hinkle,henrietta L
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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