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Property profile & analytics
FOR SALE
Commercial real estate
403 W Center St Lexington, NC 27292
Entity Owned
15-yr Hold
Free & Clear
Property ID
US53-5619864
For Sale
1 / 32
$365,000
403 W Center St, Lexington, NC 27292
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,960 SF
Lot
0.13 ac (5,663 SF)
Zoning code
MU
APN
11-066-0-00K-0002
UPID
US53-5619864
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
-
Jowers Furniture Market LLC Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hansarco INC · 15 yrs held
Hansarco INC
since 2011
4 recorded transactions
Zoning & alternative use
MU · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the mixed use district is to provide for the clustering of limited commercial, office, service, civic, and residential uses in close proximity to existing residents. Mixed use districts are designed to be pedestrian friendly, with architectural building styles compatible with one another, and are generally located at key intersections and along…
Zone name
Mixed Use Zoning District
General category
MIXED_USE
Zone area
118.74 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,126
Tax year 2023
Assessed value
$85,930
Assessed 2023
Previous assessed
$85,930
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$28,320
Improvement market value
$57,610
Total market value
$85,930
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,960 SF
Lot
0.13 ac (5,663 SF)
Zoning code
MU
APN
11-066-0-00K-0002
UPID
US53-5619864
Jurisdiction
DAVIDSON
Zoning & alternative use
MU · Lexington, NCZoning MU · permitted uses
MU · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the mixed use district is to provide for the clustering of limited commercial, office, service, civic, and residential uses in close proximity to existing residents. Mixed use districts are designed to be pedestrian friendly, with architectural building styles compatible with one another, and are generally located at key intersections and along collector roads.
Zone name
Mixed Use Zoning District
General category
MIXED_USE
Zone area
118.74 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Hansarco INC
Entity
Free & Clear · 15 yrs held
Mailing address
194 ROYAL ASHDOWN LN, LEXINGTON, NC 27295-8553
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2011
—
Hansarco INC
Byerly Shoaf & Co LLC
Grant Deed
—
Nov 4, 2010
$90,000
Byerly Shoaf & Co LLC
Hansarco INC
Dual Purpose Document
$90,000 · Hansarco INC
Oct 24, 2006
$88,000
Hansarco INC
Scott W Rhodes
Warranty Deed
$89,000 · Branch Banking And Trust Co
—
—
Hansarco INC
—
Deed Of Trust
related
$125,000 · Bank Of Nc
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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