Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    501 Ctr St Lexington, NC 27292-4111
    Back to Search
    Property profile & analytics

    501 Ctr St Lexington, NC 27292-4111

    View on Map
    • Office buildings
    • 2,375 SF
    • 0.20 lot acres
    Off-Market
    Property ID
    US53-1850083
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Byerly Shoaf & Co LLC / Property Management Company
    • Davidson County Home Builders / Construction Company / General Contractor

    Property Details for 501 Ctr St

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.20 lot acres
    Property size
    2,375 SF
    Zone code
    B
    Property type
    Office buildings
    APN
    11-066-0-00J-0001-A
    APU
    11066000J0001A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.248
    Latitude
    35.8185
    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
    $1,521
    $0.00
    $0.00
    $116,140
    -
    $34,850
    $81,290
    $116,140

    Comparable in this City

    • Value Estimation by Request
      1,353 SF

      10326 Nc Hwy 8th 8

      OFFICE BUILDING • 1,353 SF
      10326 Nc Hwy 8th 8, Lexington, NC 27292-6496
      View Details
    • Value Estimation by Request
      2,034 SF

      302 Ctr St

      OFFICE BUILDING • 2,034 SF
      302 Ctr St, Lexington, NC 27292-2710
      View Details
    • Value Estimation by Request
      4,000 SF

      25 Ctr St

      OFFICE BUILDING (MULTI-STORY) • 4,000 SF
      25 Ctr St, Lexington, NC 27292-3309
      View Details
    • Value Estimation by Request
      1,740 SF

      23 Ctr St

      OFFICE BUILDING (MULTI-STORY) • 1,740 SF
      23 Ctr St, Lexington, NC 27292-3309
      View Details
    • Value Estimation by Request
      4,020 SF

      121 Ctr St

      OFFICE BUILDING • 4,020 SF
      121 Ctr St, Lexington, NC 27292-3085
      View Details
    • Value Estimation by Request
      7,280 SF

      22 Main St

      OFFICE BUILDING (MULTI-STORY) • 7,280 SF
      22 Main St, Lexington, NC 27292-3338
      View Details

    Similar Nearby for Sale

    • $450,000
      2,442 SF

      Lexington Office Building For Sale

      Move-in ready office building with high visibility and flexible space.
      10362 Nc Highway 8, Lexington, NC 27292
      View Details
    • $1,200,000

      Lexington Office Building Investment

      Downtown Lexington, Income-Producing Office
      121 Center St, Lexington, NC 27292
      View Details
    • Contact for pricing
      1,500 SF

      Lexington Office Space Available

      Office space featuring private offices, reception area, and HVAC.
      102-C W 1St Ave, Lexington, NC 27292
      View Details
    • Contact for pricing

      Office Space with Private Offices

      Office space featuring private offices, reception area, and HVAC.
      102-C W 1St Ave, Lexington, NC 27292
      View Details
    • $250,000

      Commercial Corner Lot with Workshop

      Commercial lot with workshop, convenient location near I-85.
      1240 Fairview Dr, Lexington, NC 27292
      View Details
    • Contact for pricing

      Office Space with Private Offices

      Office space featuring private offices, reception area, and HVAC.
      102-C W 1St Ave, Lexington, NC 27292
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      216,000 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
      284,349 SF

      Lexington Warehouse with Conveyor System

      Large industrial space featuring multi-floor warehouse and conveyor system.
      100 United Furniture Dr, Lexington, NC 27292
      View Details
    • $2.00 SF/Yr
      4,959 SF

      Downtown Lexington Storage Space Available

      Unfinished top and basement level space for business storage needs.
      318 N Main St, Lexington, NC 27292
      View Details
    • Contact for pricing
      3,749,000 SF

      Class A Industrial Development

      Master-planned industrial center located on I-85 in Davidson County, NC.
      2330 New Bowers Rd, Lexington, NC 27292
      View Details
    • Contact for pricing

      Lexington Parkway Plaza Retail Space

      Large shopping center with prime retail location and interstate visibility.
      19 Plaza Pkwy, Lexington, NC 27292
      View Details
    • Contact for pricing

      Industrial Space with Rail Potential

      Industrial space for lease with excellent connectivity and rail potential.
      Lexington, NC 27292
      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.
    501 Ctr St
    Lexington, NC 27292-4111
    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

    Thank You for Inquiry
    501 Ctr St, Lexington, NC, 27292
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!