Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1610 Cotton Grv Rd Lexington, NC 27292-5716

    • Drive through restaurants
    • 4,003 SF
    • 0.86 lot acres
    OFF-MARKET
    Last Sale
    Dec 22, 2022
    Value Estimations
    $1,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1669430
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wendy's / Restaurant / Take-out & Catering
    • BHI Advanced Internet / Telecommunications Service / Data Center

    Property Details for 1610 Cotton Grv Rd

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.86 lot acres
    Property size
    4,003 SF
    Zone code
    B
    Property type
    Drive through restaurants
    APN
    06-002-A-000-0014
    APU
    06002A0000014

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,295,000
      Market price range: $250k - $1.30M
      AI Estimate
      $1,295,000
      Market price range: $250k - $1.30M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.2593
    Latitude
    35.7787
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,624
    $0.00
    $0.00
    $1,312,940
    -
    $374,620
    $938,320
    $1,312,940

    Comparable in this City

    • Value Estimation
      $755,000
      2,334 SF

      1430 Cotton Grv Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,334 SF
      1430 Cotton Grv Rd, Lexington, NC 27292-5243
      View Details
    • Value Estimation
      $1,070,000
      3,304 SF

      290 Talbert Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,304 SF
      290 Talbert Blvd, Lexington, NC 27292-4143
      View Details
    • Value Estimation
      $1,185,000
      3,654 SF

      1707 Cotton Grv Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,654 SF
      1707 Cotton Grv Rd, Lexington, NC 27292-5717
      View Details
    • Value Estimation
      $555,000
      3,793 SF

      283 Talbert Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,793 SF
      283 Talbert Blvd, Lexington, NC 27292-4142
      View Details
    • Value Estimation
      $875,000
      2,708 SF

      401 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,708 SF
      401 Main St, Lexington, NC 27292-3555
      View Details
    • Value Estimation
      $1,080,000
      3,338 SF

      1432 Cotton Grv Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,338 SF
      1432 Cotton Grv Rd, Lexington, NC 27292-5243
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Lot on South Main

      Commercial lot suitable for retail, gas station, or restaurant.
      1702 S Main St, Lexington, NC 27292
      View Details
    • $179,900
      0.88 Acres

      Commercial Lot on Main Street

      Commercial lot suitable for retail, gas station, or restaurant.
      1702 S Main St, Lexington, NC 27292
      View Details
    • $1,450,000

      Established Restaurant with Drive-Thru

      Thriving restaurant for sale with ample parking and drive-thru.
      9150 Nc Highway 8, Lexington, NC 27292
      View Details
    • $1,300,000
      23,000 SF

      Versatile Industrial Building in Lexington

      Renovated industrial building with over 23,000 sq. ft. space.
      30 E 1St St, Lexington, NC 27292
      View Details
    • $299,000
      4,300 SF

      Restaurant Space with Commercial Kitchen

      Restaurant space with commercial kitchen and ample parking in Lexington.
      518 Southbound St, Lexington, NC 27292
      View Details
    • Contact for pricing

      Mixed-Use Property in Lexington, NC

      Mixed-use property in Lexington's Historical District, suitable for business or residential.
      403 W Center St, Lexington, NC 27292
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lexington Parkway Plaza Retail Space

      Large shopping center with prime retail location and interstate visibility.
      19 Plaza Pkwy, Lexington, NC 27292
      View Details
    • Contact for pricing

      Retail Space in Lexington

      Prime retail space available for lease in Lexington, NC.
      980 S Main St, Lexington, NC 27292
      View Details
    • Contact for pricing
      284,349 SF

      Lexington Warehouse with Conveyor System

      Large industrial space featuring multi-floor warehouse and conveyor system.
      100 United Furniture Dr, Lexington, NC 27292
      View Details
    • Contact for pricing
      3,749,000 SF

      Class A Industrial Development

      Master-planned industrial center located on I-85 in Davidson County, NC.
      2330 New Bowers Rd, Lexington, NC 27292
      View Details
    • $2.00 SF/Yr
      4,959 SF

      Downtown Lexington Storage Space Available

      Unfinished top and basement level space for business storage needs.
      318 N Main St, Lexington, NC 27292
      View Details
    • Contact for pricing

      Lexington Warehouse Space Available

      284,349 SF warehouse space available for lease or sale.
      100 United Furniture Dr, Lexington, NC 27292
      View Details

    Property Visit Statistics

    • Visits by month
      37.0k
    • Visitors by month
      24.3k
    • Avg Time on site
      14 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1610 Cotton Grv Rd
    Lexington, NC 27292-5716
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!