Individually Owned Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Construction
FRAME
Total area
35,512 SF
Lot
1.75 ac (76,230 SF)
Zoning code
MU
APN
11-343-G-000-0002
UPID
US53-3947905
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$3.16M
Owner & transaction history
since 2021
3 recorded transactions
Zoning & alternative use
MU · Lexington, NC
Zoning description
The intent of the mixed use district is to provide for the clustering of limited commercial, office, service, civic, and residential uses in close proximity to existing residents. Mixed use districts are designed to be p…
General category
MIXED_USE
Top alternative use upside
Office building
$2.8M
+33.2%
Auto repair, garage
$2.4M
+12.6%
Commercial (general)
$2.1M
+0.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.16M
Value range
$2.84M – $3.48M
±10% around blend
Estimated value / SF
$89 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$2.84M
blend $3.16M
$3.48M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,512 SF
Lot area
1.75 ac
Year built
2018
Stories
3
APN
11-343-G-000-0002
Zoning
MU
Assessed value
$2,505,480
Annual tax
$32,822
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.16M
Range $1.32M – $3.16M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.16M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 19 sales
$59
+50%
County 62 sales
$61
+46%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $89/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+33%
vs current-use indication
Auto Repair, Garage
Commercial (general)
Apartment House (5+ Units) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.51M
Move the market yield to see immediate price impact.
Value / SF
$71
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$158k
$3.16M
$2.25M
$1.75M
$175k
$3.51M
$2.51M
$1.95M
$193k
$3.86M
$2.76M
$2.14M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,822
Tax year 2023
Assessed value
$2,505,480
Assessed 2023
Previous assessed
$2,505,480
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$152,460
Improvement market value
$2,353,020
Total market value
$2,505,480
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Units
24
Total area
35,512 SF
Lot
1.75 ac (76,230 SF)
Zoning code
MU
APN
11-343-G-000-0002
UPID
US53-3947905
Jurisdiction
DAVIDSON
Zoning & alternative use
MU · Lexington, NCZoning MU · permitted uses
MU · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The intent of the mixed use district is to provide for the clustering of limited commercial, office, service, civic, and residential uses in close proximity to existing residents. Mixed use districts are designed to be p…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
24
Lot
1.75 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
MU
MIXED_USE
Jurisdiction
Lexington, NC
Recorded code
MU
Official district
MU
Official district profile
What the municipal code says about MU
Zoning description
The intent of the mixed use district is to provide for the clustering of limited commercial, office, service, civic, and residential uses in close proximity to existing residents. Mixed use districts are designed to be p…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU in Lexington, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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