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    Property profile & analytics

    311 3rd Ave Lexington, NC 27292-3055

    • Garden apartment buildings
    • 7,952 SF
    • 1.35 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 30, 2021
    Location Intelligence
    Property ID
    US53-1094826
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 311 3rd Ave

    Year built
    1978
    Construction
    FRAME
    Lot size
    1.35 lot acres
    Property size
    7,952 SF
    Zone code
    TN
    Property type
    Garden apartment buildings
    APN
    11-090-0-001-0004
    APU
    1109000010004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.2611
    Latitude
    35.8256
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,170
    $0.00
    $0.00
    $700,020
    -
    $11,250
    $688,770
    $700,020

    Comparable in this City

    • Value Estimation by Request
      3,136 SF

      128 Hamil St, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 3,136 SF
      128 Hamil St, Lexington, NC 27292-2540
      View Details
    • Value Estimation by Request
      19,536 SF

      217 3rd Ave

      GARDEN APT, COURT APT (5+ UNITS) • 19,536 SF
      217 3rd Ave, Lexington, NC 27292-3067
      View Details
    • Value Estimation by Request
      2,976 SF

      205 Dacotah St, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 2,976 SF
      205 Dacotah St, Lexington, NC 27292-3758
      View Details
    • Value Estimation
      $160,000
      3,680 SF

      171 Elvernia Ave

      GARDEN APT, COURT APT (5+ UNITS) • 3,680 SF
      171 Elvernia Ave, Lexington, NC 27292-4409
      View Details
    • Value Estimation
      $7,910,000
      6,528 SF

      620 Fairview Dr

      GARDEN APT, COURT APT (5+ UNITS) • 6,528 SF
      620 Fairview Dr, Lexington, NC 27292-4634
      View Details
    • Value Estimation by Request
      11,316 SF

      900 Cotton Grv Cir

      GARDEN APT, COURT APT (5+ UNITS) • 11,316 SF
      900 Cotton Grv Cir, Lexington, NC 27292-5564
      View Details

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    311 3rd Ave
    Lexington, NC 27292-3055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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