Property profile

231 Talbert Blvd Lexington, NC 27292

OFF-MARKET
Drive through restaurants
Property ID
US53-1060336
5,200 SF 1.48 ac lot Built 1989
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,200 SF
Lot 1.48 ac (64,469 SF)
Zoning code B
APN 11-045-0-000-0005-A
UPID US53-1060336

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
  • Restaurant

Location

231 Talbert Blvd Lexington, NC 27292-4142
Lexington metro Census 61400 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
$910k
Blend (final) Blend
$710k

Owner & transaction history

since 2018
2 recorded transactions
2018
$710,000
2016
Price N/A

Zoning & alternative use

B · Lexington, NC
Zoning description

The intent of thebusinessdistrictis to accommodate a wide range of retail, service, governmental, and office uses that serve not only the Lexington community, but also travelers along key highway corridors. Thisdistrictp…

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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