Property profile

23 2nd Ave Lexington, NC 27292

OFF-MARKET
Commercial real estate
Property ID
US53-1910441
7,708 SF 0.09 ac lot Built 1951
Individually Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1951
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,708 SF
Lot 0.09 ac (3,948 SF)
Zoning code U
APN 11-085-0-00A-0004
UPID US53-1910441

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

23 2nd Ave Lexington, NC 27292-3307
Lexington metro Census 61300 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$145k

Owner & transaction history

since 2015
3 recorded transactions
2015
$170,000
2007
$125,000
2004
$144,000

Zoning & alternative use

U · Lexington, NC
Zoning description

The intent of the Uptown District is to support the vitality and growth of Historic Uptown Lexington as the traditional focal point of community life, serving as the hub of commerce, civic, cultural, and governmental act…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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