Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    418 Piedmont Dr Lexington, NC 27295-2410

    • Automotive properties
    • 22,415 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    $2,535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2455541
    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

    • Lexington Triad Inn / Hotel & Motel / Bed & Breakfast
    • Jerry Hunt Supercenter / Car Dealership

    Property Details for 418 Piedmont Dr

    Year built
    2016
    Lot size
    5.00 lot acres
    Property size
    22,415 SF
    Zone code
    B
    Property type
    Automotive properties
    APN
    11-333-0-000-0049
    APU
    1133300000049

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,532,000
      Market price range: $690k - $2.53M
      AI Estimate
      $2,532,000
      Market price range: $690k - $2.53M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,775,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.2424
    Latitude
    35.835
    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
    $38,325
    $0.00
    $0.00
    $2,925,600
    -
    $200,000
    $2,725,600
    $2,925,600

    Comparable in this City

    • Value Estimation by Request
      2,100 SF

      3567 Old Us Hwy 52

      VEHICLE SALES, RENTALS • 2,100 SF
      3567 Old Us Hwy 52, Lexington, NC 27295-1278
      View Details
    • Value Estimation
      $2,065,000
      67,170 SF

      406 Piedmont Dr

      VEHICLE SALES, RENTALS • 67,170 SF
      406 Piedmont Dr, Lexington, NC 27295-2410
      View Details
    • Value Estimation by Request
      6,000 SF

      7047 Old Us Hwy 52

      VEHICLE SALES, RENTALS • 6,000 SF
      7047 Old Us Hwy 52, Lexington, NC 27295-6096
      View Details
    • Value Estimation by Request
      808 SF

      1484 Old Us Hwy 52

      VEHICLE SALES, RENTALS • 808 SF
      1484 Old Us Hwy 52, Lexington, NC 27295-1747
      View Details
    • Value Estimation by Request
      3,048 SF

      7863 Nc Hwy 150

      VEHICLE SALES, RENTALS • 3,048 SF
      7863 Nc Hwy 150, Lexington, NC 27295-9387
      View Details
    • Value Estimation by Request
      1,728 SF

      377 Lea Mdw Rd

      VEHICLE SALES, RENTALS • 1,728 SF
      377 Lea Mdw Rd, Lexington, NC 27295-5422
      View Details

    Similar Nearby for Sale

    • $649,999

      Lexington Car Wash Investment Opportunity

      Car wash with laser wash and hand wash bays.
      1544 Old Us Highway 52, Lexington, NC 27295
      View Details
    • $205,000
      4.21 Acres

      Lexington Land Near Childress Vineyards

      4.21-acre property across from Childress Vineyards in Lexington, NC.
      1001 Us Highway 64, Lexington, NC 27295
      View Details
    • $100,000
      Pending

      Residential Land in Lexington, NC

      4-acre partially cleared property ready for custom home building.
      612 Arvin Hill Ln, Lexington, NC 27295
      View Details
    • $59,000
      2.38 Acres

      Residential Lot in Lexington, NC

      2.38 acre residential lot, close to Lexington, NC.
      Pilgrim Ct, Lexington, NC 27295
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      1.75 acre commercial land for sale in Lexington, NC.
      94 Us Highway 64, Lexington, NC 27295
      View Details
    • $49,900

      Secluded Land Near Boone's Cave

      Secluded land tract near Boone's Cave Park and great schools.
      3361 N Goat Pasture Rd, Lexington, NC 27295
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Food Lion Anchored Retail Center

      106,549 SF retail center anchored by Food Lion.
      816 Winston Rd, Lexington, NC 27295
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Lexington, NC.
      880 Old Hargrave Rd, Lexington, NC 27295
      View Details
    • Contact for pricing

      Flex Space Ready for Buildout

      Flex space available for tenant buildout in Q1 2025.
      794 American Way, Lexington, NC 27295
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    418 Piedmont Dr
    Lexington, NC 27295-2410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!