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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Warehouses
474 Old Hargrave Rd Lexington, NC 27295-7502
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-5522248
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1972
Total area
49,393 SF
Lot
15.26 ac (664,726 SF)
Zoning code
I
APN
11-345-0-000-0043
UPID
US53-5522248
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
-
Bin City Bargins Discount Store
-
Ferguson Fibers Inc (Bike/Boat/Book/etc) Store
-
Kidbox Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.91M
Owner & transaction history
Myers Tool & Machine Co INC · 13 yrs held
Myers Tool & Machine Co INC
since 2013
6 recorded transactions
Zoning & alternative use
I · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+4.7%
Apartment house (5+ units)
$2.9M
+4.5%
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
WAREHOUSE, STORAGE
$2,810,000
Current use
COMMERCIAL (GENERAL)
$2,940,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,935,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$2,560,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,475,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±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
$39 / 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
$13,416
Tax year 2023
Assessed value
$1,127,430
Assessed 2023
Previous assessed
$1,127,430
+0.0% YoY
Effective rate
1.19%
On assessed value
Land market value
$286,130
Improvement market value
$841,300
Total market value
$1,127,430
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
4
Total area
49,393 SF
Lot
15.26 ac (664,726 SF)
Zoning code
I
APN
11-345-0-000-0043
UPID
US53-5522248
Jurisdiction
DAVIDSON
Zoning & alternative use
I · Lexington, NC
Zoning I · permitted uses
I · 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
WAREHOUSE, STORAGE Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
4
Lot
15.26 ac
Current owner
From public records · entity-resolved
Myers Tool & Machine Co INC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 219, LINWOOD, NC 27299-0219
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2013
$285,000
Myers Tool & Machine Co INC
Atlas Nc I Spe LLC
Grant Deed
—
Sep 28, 2012
$1,996,056
Atlas Nc I Spe LLC
Ferguson R/e Holdings INC
Deed In Lieu Of Foreclosure
—
Sep 28, 2012
$3,993
Atlas Nc I Spe LLC
Ferguson R/e Holdings INC
Warranty Deed
—
Feb 20, 2008
$252,000
Real Estate Holding I Ferguson
Gallimore,jerry S & Betty G
Warranty Deed
—
Oct 3, 2006
—
John H Ferguson JR.
Ferguson,cynthia M
Quit Claim Deed
—
Mar 1, 2001
$150,000
Owner Name Unavailable
—
Warranty Deed
related
—
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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