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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Industrial properties
2018 Us Hwy 64 Lexington, NC 27292-8083
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US53-0115283
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Total area
49,270 SF
Lot
9.98 ac (434,729 SF)
Zoning code
HI
APN
05-004-0-000-0151
UPID
US53-0115283
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
-
Thomson Plastics Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.05M
Owner & transaction history
Leonard & Associates Of Lexington L · 19 yrs held
Leonard & Associates Of Lexington L
since 2006
5 recorded transactions
Zoning & alternative use
HI · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+33.6%
Apartment house (5+ units)
$2.9M
+18.6%
Warehouse, storage
$2.9M
+15.7%
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
INDUSTRIAL (GENERAL)
$2,470,000
Current use
AUTO REPAIR, GARAGE
$3,295,000
Change: +34% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,930,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,855,000
Change: +16% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,625,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$2,550,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±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
$42 / 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
$9,819
Tax year 2023
Assessed value
$1,534,290
Assessed 2023
Previous assessed
$1,534,290
+0.0% YoY
Effective rate
0.64%
On assessed value
Land market value
$311,880
Improvement market value
$1,222,410
Total market value
$1,534,290
Applied tax rate
5.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
6
Total area
49,270 SF
Lot
9.98 ac (434,729 SF)
Zoning code
HI
APN
05-004-0-000-0151
UPID
US53-0115283
Jurisdiction
DAVIDSON
Zoning & alternative use
HI · Lexington, NC
Zoning HI · permitted uses
HI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
6
Lot
9.98 ac
Current owner
From public records · entity-resolved
Leonard & Associates Of Lexington L
Entity
Mailing address
130 QUALITY DR, THOMSON, GA 30824-8021
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2006
$1,074,000
Leonard & Associates Of Lexington L
R G Harris
Warranty Deed
$1,920,000 · Branch Banking And Trust Co
Nov 16, 2006
$150,000
Leonard & Assocs Of Lexington LLC
Harris Charitable Remainder
Warranty Deed
—
Nov 16, 2006
$1,176,000
Leonard & Assocs Of Lexington LLC
United Church Homes & Services
Warranty Deed
—
Nov 15, 2006
—
United Church Homes & Services
Harris,r G & Hildur
Warranty Deed
—
Mar 16, 2004
—
Harris R G
Harris,r G & Hildur S
Quit Claim Deed
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.
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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