Property profile

418 5th Ave Lexington, NC 27292

OFF-MARKET
Office buildings
Property ID
US53-5837553
2,034 SF 0.31 ac lot Built 1975
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office building at 418 W 5th Avenue in Lexington, NC, presents a fantastic investment opportunity. The property boasts a total of 1,904 heated square feet, housed within a well-maintained brick structure. The interior layout is highly functional and includes a spacious reception area, perfect for welcoming clients and creating a professional first impression. Six individual offices provide ample space for staff or tenants, ensuring privacy and productivity. Two conveniently located bathrooms cater to the needs of both employees and visitors. A fully equipped kitchen adds to the building's practicality and convenience. The building benefits from a recently installed roof, minimizing maintenance concerns for the foreseeable future. Extensive client parking is readily available in a large concrete lot, ensuring ease of access and ample space for visitors. This property is ideally suited for a variety of professional uses and represents a strong value proposition in the Lexington commercial real estate market. The combination of its functional layout, recent improvements, and convenient parking makes this an attractive option for businesses seeking a well-established and easily accessible office space. The property is offered at $220,000. The lot size is zero acres.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Construction FRAME
Total area 2,034 SF
Lot 0.31 ac (13,504 SF)
Zoning code MU
APN 11-105-0-00C-0009-B
UPID US53-5837553

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
  • Law Firm
  • Law Firm
  • Law Firm

Location

418 5th Ave Lexington, NC 27292-2908
Lexington metro Census 61300 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$115k

Owner & transaction history

since 2025
Last sale
$145,000
4 recorded transactions
2026
Price N/A
2025
$220,000
2019
$145,000
2006
$125,500

Zoning & alternative use

MU · Lexington, NC
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 p…

General category MIXED_USE

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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