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Property profile & analytics
OFF-MARKET
Estimated value
$18,795,000
Manufacturing properties
300 Welcome Ctr Blvd Lexington, NC 27295-9018
Entity Owned
Free & Clear
Property ID
US53-2000253
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Total area
375,613 SF
Lot
22.57 ac (983,149 SF)
Zoning code
LI
APN
13-023-0-000-0042-A
UPID
US53-2000253
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.80M
Blend (final)
Blend
$18.80M
Owner & transaction history
WINDOUGH
WINDOUGH
Zoning & alternative use
LI · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$29.8M
+58.1%
Auto repair, garage
$25.1M
+33.6%
Commercial (general)
$22.4M
+18.9%
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)
$18,820,000
Current use
OFFICE BUILDING
$29,750,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,135,000
Change: +34% · Conversion: Easy
COMMERCIAL (GENERAL)
$22,375,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$22,330,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$21,370,000
Change: +14% · Conversion: Easy
RETAIL STORES
$19,455,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$18.80M
Range $16.92M – $20.67M · ±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
$50 / 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
$94,401
Tax year 2023
Assessed value
$14,089,670
Assessed 2023
Previous assessed
$14,089,670
+0.0% YoY
Effective rate
0.67%
On assessed value
Land market value
$789,950
Improvement market value
$13,299,720
Total market value
$14,089,670
Applied tax rate
13.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
16
Total area
375,613 SF
Lot
22.57 ac (983,149 SF)
Zoning code
LI
APN
13-023-0-000-0042-A
UPID
US53-2000253
Jurisdiction
DAVIDSON
Zoning & alternative use
LI · Lexington, NC
Zoning LI · permitted uses
LI · 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
$18.8M
OFFICE BUILDING
Est. value
$29.8M
AUTO REPAIR, GARAGE
Est. value
$25.1M
COMMERCIAL (GENERAL)
Est. value
$22.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.3M
WAREHOUSE, STORAGE
Est. value
$21.4M
RETAIL STORES
Est. value
$19.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
16
Lot
22.57 ac
Current owner
From public records · entity-resolved
WINDOUGH
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 1869, WELCOME, NC 27374-1869
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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