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Property profile & analytics
OFF-MARKET
Assisted living facilities
279 Brian Ctr Dr Lexington, NC 27292-6273
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-1759456
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
FRAME
Total area
49,578 SF
Lot
7.74 ac (337,154 SF)
Zoning code
I
APN
11-343-0-000-0018
UPID
US53-1759456
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
-
Pine Acres Center for Nursing and Rehabilitation Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lexington Propco LLC · 7 yrs held
Lexington Propco LLC
since 2018
7 recorded transactions
Zoning & alternative use
I · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the Industrial District is to accommodate existing and future industrial, manufacturing, wholesaling, distribution, and warehousing uses, and to encourage the planned development of new office and industrial parks, enhancing the economic vitality of the city while mitigating impacts to the environment and adjacent properties, and providing pede…
Zone name
Industrial Zoning District
General category
PLANNED_DEVELOPMENT
Zone area
3,081.83 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$64,512
Tax year 2023
Assessed value
$4,924,590
Assessed 2023
Previous assessed
$4,924,590
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$309,600
Improvement market value
$4,614,990
Total market value
$4,924,590
Applied tax rate
11.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
56
Total area
49,578 SF
Lot
7.74 ac (337,154 SF)
Zoning code
I
APN
11-343-0-000-0018
UPID
US53-1759456
Jurisdiction
DAVIDSON
Zoning & alternative use
I · Lexington, NCZoning I · permitted uses
I · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the Industrial District is to accommodate existing and future industrial, manufacturing, wholesaling, distribution, and warehousing uses, and to encourage the planned development of new office and industrial parks, enhancing the economic vitality of the city while mitigating impacts to the environment and adjacent properties, and providing pedestrian friendly workplaces with convenient access to nearby support services.
Zone name
Industrial Zoning District
General category
PLANNED_DEVELOPMENT
Zone area
3,081.83 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
56
Lot
7.74 ac
Current owner
From public records · entity-resolved
Lexington Propco LLC
Entity
Mailing address
440 SYLVAN AVE STE #240, ENGLEWOOD CLIFFS, NJ 07632-2700
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2022
—
Lexington Propco LLC
—
Deed
related
$24,080,000 · Sunflower Bank NA
Aug 1, 2018
$6,250,000
Lexington Propco LLC
Smv Lexington LLC
Grant Deed
$112,980,000 · Monticello Fndg Ll #bth-3 (ct)
Mar 5, 2018
—
Smv Lexington LLC
—
Deed
related
$6,105,772 · Israel Discount Bk/ny
Oct 18, 2016
—
Smv Lexington LLC
—
Deed
related
$710,000,000 · Deutsche Bk Ag
Apr 15, 2011
—
Smv Lexington LLC
—
Deed Of Trust
related
$19,980,000 · Us Bk NA Series 2006-tfl2 (te)
Aug 2, 2007
—
Smv Lexington LLC
—
Deed Of Trust
related
$920,000,000 · Column Financial INC
Jan 21, 2005
$6,016,000
Smv Lexington LLC
Living Centers-southeast INC
Deed Of Trust
$820,000,000 · Column Financial INC
Nov 24, 2004
—
Living Centers-southeast INC
Living Centers-rocky Mtn INC
Quit Claim Deed
related
—
—
—
Smv Lexington LLC
—
Deed Of Trust
related
$710,000,000 · Deutsche Bk Ag
—
—
Smv Lexington LLC
—
Deed Of Trust
related
$6,105,772 · Israel Discount Bk/ny
—
—
Smv Lexington LLC
—
Deed Of Trust
related
$800,000,000 · Column Financial INC
—
—
Smv Lexington LLC
—
Deed Of Trust
related
$735,000,000 · Us Bk NA Series 2006-tfl2 (te)
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.
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