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Property profile & analytics
OFF-MARKET
Turn key restaurants
5 City Clb Cir, Lexington, NC 27292-5461
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1147118
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,487 SF
Lot
1.18 ac (51,401 SF)
Zoning code
SN
APN
11-155-0-000-0001
UPID
US53-1147118
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hallelujah Events And Catering LLC · 4 yrs held
Hallelujah Events And Catering LLC
since 2021
Last sale
$244,000
6 recorded transactions
Zoning & alternative use
SN · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,657
Tax year 2023
Assessed value
$431,860
Assessed 2023
Previous assessed
$431,860
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$60,000
Improvement market value
$371,860
Total market value
$431,860
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
11,487 SF
Lot
1.18 ac (51,401 SF)
Zoning code
SN
APN
11-155-0-000-0001
UPID
US53-1147118
Jurisdiction
DAVIDSON
Zoning & alternative use
SN · Lexington, NC
Zoning SN · permitted uses
SN · 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.
Building & site characteristics
From public records
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
6
Lot
1.18 ac
Current owner
From public records · entity-resolved
Hallelujah Events And Catering LLC
Entity
Mailing address
2608 TANTELON PL, WINSTON SALEM, NC 27127-4640
Ownership since
2021
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
Sep 1, 2021
$244,000
Hallelujah Events And Catering LLC
Team 21 LLC
Warranty Deed
$144,000 · Piedmont Fsb
Mar 3, 2021
—
Team 21 LLC
Biesecker Holdings LLC
Warranty Deed
$150,000 · Pinncacle Bank
Oct 21, 2020
$92,000
Biesecker Holdings LLC
Stilzar Properties LLC
Warranty Deed
—
Mar 26, 2018
$40,500
Stilzar Properties LLC
Pinnacle Bk
Grant Deed
—
Mar 19, 2014
$184,325
Bank Of Nc
Manger Richard A
Trustees Deed
related
—
—
—
City Club Of Lexington
—
Deed Of Trust
related
$180,000 · Bank Of North Carolina
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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