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    Property profile & analytics

    465 Bowers Rd Lexington, NC 27292

    • Commercial real estate
    • 3.44 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3557021
    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

    • Commercial real estate

    Property Details for 465 Bowers Rd

    Lot size
    3.44 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.44-acre commercial land parcel presents a remarkable investment opportunity in Lexington, North Carolina. Strategically located on Bowers Road, this property boasts unparalleled visibility due to its proximity to I-85, ensuring high traffic counts and significant exposure for any commercial development. The land is zoned HC, allowing for a diverse range of commercial uses, making it ideal for businesses seeking a prominent location with excellent accessibility. The expansive lot size offers ample space for a variety of projects, from retail establishments and restaurants to office buildings and light industrial facilities. This prime location in Davidson County, North Carolina, offers easy access to major transportation routes, a thriving local economy, and a growing population. The asking price for this exceptional property is $475,000. Given its size, location, and zoning, this represents a compelling investment opportunity with significant potential for future growth and return. The property's address is 465 Bowers Rd, Lexington, NC 27292. Serious inquiries are encouraged to explore the possibilities of this highly desirable commercial land. Don't miss this chance to secure a prime location for your next commercial venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.1864316
    Latitude
    35.8101985

    Comparable in this City

    • $1,500,000
      Pending

      49 Acres of Commercial Land

      Large land parcel suitable for commercial development in Lexington, NC.
      1014 E Center St, Lexington, NC 27292
      View Details
    • $799,000

      Prime Land Near I-285

      2.4 AC commercial land near I-285 interchange.
      180 Old Rock Dr, Lexington, NC 27292
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    • $69,000
      6.80 Acres

      Land Near Yadkin River

      6.8 acre land parcel near the Yadkin River.
      Stoney Point Dr, Lexington, NC 27292
      View Details
    • $65,000
      8.80 Acres

      Residential Land in Lexington, NC

      8.8 wooded acres in Lexington, NC, zoned residential.
      E 9Th St, Lexington, NC 27292
      View Details
    • New
      $295,000
      25.00 Acres

      25 Acres in Davidson County

      25+/- acres in Davidson County, currently in forestry program.
      7515 Old Us Highway 64, Lexington, NC 27292
      View Details
    • $95,000
      1.07 Acres

      Lexington, NC Multi-Use Lot

      1.07-acre lot zoned for multi-use near North Main Street.
      402 Martin Luther King Jr Blvd, Lexington, NC 27292
      View Details

    Similar Nearby for Sale

    • $1,500,000
      Pending

      49 Acres of Commercial Land

      Large land parcel suitable for commercial development in Lexington, NC.
      1014 E Center St, Lexington, NC 27292
      View Details
    • $799,000

      Prime Land Near I-285

      2.4 AC commercial land near I-285 interchange.
      180 Old Rock Dr, Lexington, NC 27292
      View Details
    • $69,000
      6.80 Acres

      Land Near Yadkin River

      6.8 acre land parcel near the Yadkin River.
      Stoney Point Dr, Lexington, NC 27292
      View Details
    • $65,000
      8.80 Acres

      Residential Land in Lexington, NC

      8.8 wooded acres in Lexington, NC, zoned residential.
      E 9Th St, Lexington, NC 27292
      View Details
    • New
      $295,000
      25.00 Acres

      25 Acres in Davidson County

      25+/- acres in Davidson County, currently in forestry program.
      7515 Old Us Highway 64, Lexington, NC 27292
      View Details
    • $95,000
      1.07 Acres

      Lexington, NC Multi-Use Lot

      1.07-acre lot zoned for multi-use near North Main Street.
      402 Martin Luther King Jr Blvd, Lexington, NC 27292
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,747,000 SF

      Lexington Industrial Warehouse For Sale

      Class A warehouse, 272,000 SF available
      2330 New Bowers Rd, Lexington, NC 27292
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    • Contact for pricing
      270,650 SF

      Lexington Parkway Plaza Retail Space

      Prime Lexington, NC retail space available.
      19 Plaza Pkwy, Lexington, NC 27292
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    • $2.00 SF/Yr
      18,400 SF

      Lexington Warehouse: Prime Location

      Spacious warehouse, flexible layouts, Uptown Lexington.
      318 Main St, Lexington, NC 27292
      View Details
    • Contact for pricing
      12,511 SF

      Lexington Retail Strip Center

      High-visibility retail space available
      980 Main St, Lexington, NC 27292
      View Details
    • Contact for pricing
      6,000 SF

      Industrial Facility with Office Space

      216,000 SF industrial building with 6,000 SF office space.
      647 Hargrave Rd, Lexington, NC 27292
      View Details
    • Contact for pricing
      375,310 SF

      Lexington Industrial Space For Lease/Sale

      Large industrial space, flexible lease options.
      100 United Furniture Dr, Lexington, NC 27292
      View Details
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    465 Bowers Rd
    Lexington, NC 27292
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    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
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