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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Grocery and convenience stores
291 Talbert Blvd, Lexington, NC 27292-4142
Individually Owned
Free & Clear
Property ID
US53-1185781
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,160 SF
APN
11-045-0-000-0002-EA
UPID
US53-1185781
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
-
Food Lion Grocery & Convenience Store Food Market
-
Primo Water Exchange Big Box & Wholesale Store
-
Western Union Bank Credit Union
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.02M
Owner & transaction history
Shirley A Lindsay
Shirley A Lindsay
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+51.0%
Auto repair, garage
$1.8M
+29.2%
Apartment house (5+ units)
$1.6M
+14.8%
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
RETAIL STORES
$1,355,000
Current use
OFFICE BUILDING
$2,045,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,750,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,555,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,515,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,390,000
Change: +3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,310,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±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
$77 / 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
$21,151
Tax year 2023
Assessed value
$1,614,560
Assessed 2023
Previous assessed
$1,614,560
+0.0% YoY
Effective rate
1.31%
On assessed value
Improvement market value
$1,614,560
Total market value
$1,614,560
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
8
Total area
26,160 SF
APN
11-045-0-000-0002-EA
UPID
US53-1185781
Jurisdiction
DAVIDSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
8
Current owner
From public records · entity-resolved
Shirley A Lindsay
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 6500, CARLISLE, PA 17013-0902
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2026
—
Shirley A Lindsay Revocable Li
—
Deed
related
$7,525,928 · Pinnacle Bank
Mar 5, 2026
—
Shirley A Lindsay
Shirley A Lindsay
Deed
related
—
Jun 13, 2022
—
Shirley A Lindsay
Shirley Lindsay
Deed
related
—
May 6, 2022
$500,000
Pp&i LLC
Thomas H Suddarth JR
Special Warranty Deed
—
Apr 14, 2022
—
Jeane Roach Suddarth
Jeane Roach Suddarth
Deed
related
—
Feb 25, 2022
$2,130,500
Pp&i LLC
Premasi Investments LLC
Special Warranty Deed
$1,491,350 · Pinncacle Bank
Feb 25, 2022
—
Pp&i LLC
Premsai Investments LLC
Deed
—
Nov 20, 2017
—
Wrennovation LLC
Lexington Talbert LLC
Grant Deed
related
—
Nov 20, 2017
$1,655,000
Premsai Investments LLC
Wrennovation LLC
Grant Deed
—
Jul 13, 2017
$1,412,000
Lexington Talbert LLC
Newkirk Salistown LP
Grant Deed
$1,200,000 · Hometrust Bk
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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