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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Mining land & claims
3583 Bethesda Rd, Lexington, NC 27295-5656
Individually Owned
1-yr Hold
Property ID
US53-4706512
Property profile
Verified
Property type
Mining land & claims
Use group
QUARRIES (SAND, GRAVEL, ROCK)
Year built
2020
Construction
FRAME
Total area
6,132 SF
Lot
35.68 ac (1,554,221 SF)
Zoning code
RA3
APN
11-303-A-000-0051-A
UPID
US53-4706512
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
-
The Grape Escape Vineyard Vineyard
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Eugene Hertz · 1 yrs held
Eugene Hertz
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
RA3 · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
RESTAURANT
$1,195,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.28M (Jan 16 2025)
Last sale anchor
$1.28M
Jan 16 2025
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
$208 / 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
$5,613
Tax year 2023
Assessed value
$863,600
Assessed 2023
Previous assessed
$343,160
+151.7% YoY
Effective rate
0.65%
On assessed value
Land market value
$257,790
Improvement market value
$755,000
Total market value
$1,012,790
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
Mining land & claims
Use group
QUARRIES (SAND, GRAVEL, ROCK)
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
6,132 SF
Lot
35.68 ac (1,554,221 SF)
Zoning code
RA3
APN
11-303-A-000-0051-A
UPID
US53-4706512
Jurisdiction
DAVIDSON
Zoning & alternative use
RA3 · Lexington, NC
Zoning RA3 · permitted uses
RA3 · 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
RESTAURANT
Est. value
$1.2M
RESTAURANT
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
2020
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
35.68 ac
Current owner
From public records · entity-resolved
Eugene Hertz
Individual
Mailing address
3583 BETHESDA RD, LEXINGTON, NC 27295-5656
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
$1,276,000
Eugene Hertz
Kymberly Thomas
Warranty Deed
—
Feb 14, 2024
$15,000
Martha Jean Clemmer Fortner
Neil P Thomas
Warranty Deed
—
Apr 4, 2023
—
Neil P Thomas
Neil P Thomas
Correction Deed
related
—
Jun 6, 2022
—
Neil P Thomas
—
Deed
related
$391,500 · American National Bank & Trust Co
Jan 15, 2021
—
Neil P Thomas
Neil P Thomas
Quit Claim Deed
—
Jan 13, 2021
—
Neil P Thomas
Vision New Trust
Warranty Deed
related
—
Feb 5, 2020
$258,000
Nell P Thomas
Joshua B Hedrick
Warranty Deed
—
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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