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Property profile & analytics
OFF-MARKET
Estimated value
$40,345,000
Manufacturing properties
473 New Jersey Church Rd, Lexington, NC 27292-6726
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-1636133
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1967
Construction
STEEL FRAME
Total area
941,822 SF
Lot
202.76 ac (8,832,226 SF)
Zoning code
HI
APN
06-008-0-000-0007
UPID
US53-1636133
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
-
Nippon Electric Glass Industrial Manufacturer Production Facility
-
Air Products & Chemicals Inc. Industrial Manufacturer Production Facility
-
GXO Logistics Company Freight Service
-
GCA Services General Contractor
-
Transplace Lexington Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$40.35M
Blend (final)
Blend
$40.35M
Owner & transaction history
ELECTRIC GLASS FIBER AMERICA LLC
ELECTRIC GLASS FIBER AMERICA LLC
Zoning & alternative use
HI · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$63.0M
+33.6%
Apartment house (5+ units)
$56.0M
+18.6%
Warehouse, storage
$54.6M
+15.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$47,195,000
Current use
AUTO REPAIR, GARAGE
$63,025,000
Change: +34% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$55,990,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$54,580,000
Change: +16% · Conversion: Easy
COMMERCIAL (GENERAL)
$50,135,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$48,785,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$40.35M
Range $36.31M – $44.38M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$43 / SF
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
$193,542
Tax year 2023
Assessed value
$30,240,890
Assessed 2023
Previous assessed
$30,240,890
+0.0% YoY
Effective rate
0.64%
On assessed value
Land market value
$3,962,720
Improvement market value
$26,278,170
Total market value
$30,240,890
Applied tax rate
6.0000
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
STEAM
Cooling
CENTRAL
Buildings
7
Stories
1
Bathrooms
13
Total area
941,822 SF
Lot
202.76 ac (8,832,226 SF)
Zoning code
HI
APN
06-008-0-000-0007
UPID
US53-1636133
Jurisdiction
DAVIDSON
Zoning & alternative use
HI · Lexington, NC
Zoning HI · permitted uses
HI · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$47.2M
AUTO REPAIR, GARAGE
Est. value
$63.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$56.0M
WAREHOUSE, STORAGE
Est. value
$54.6M
COMMERCIAL (GENERAL)
Est. value
$50.1M
RETAIL STORES
Est. value
$48.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
STEEL FRAME
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
7
Bathrooms
13
Lot
202.76 ac
Current owner
From public records · entity-resolved
ELECTRIC GLASS FIBER AMERICA LLC
Entity
Free & Clear · 0 yrs held
Mailing address
940 WASHBURN SWITCH RD, SHELBY, NC 28150-9089
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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