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Property profile

402 National Blvd Lexington, NC 27292

OFF-MARKET
Hotels
Property ID
US53-2424587
View Sample
8,066 SF 2.04 ac lot Built 1958
Entity Owned 11-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,066 SF
Lot 2.04 ac (88,862 SF)
Zoning code B
APN 11-093-0-000-0003-A
UPID US53-2424587

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$735k

Owner & transaction history

since 2015
1 recorded transaction
2015
$730,000

Zoning & alternative use

B · Lexington, NC
Zoning description

The intent of thebusinessdistrictis to accommodate a wide range of retail, service, governmental, and office uses that serve not only the Lexington community, but also travelers along key highway corridors. Thisdistrictp…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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