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Property profile & analytics
OFF-MARKET
Office buildings
503 Ctr St Lexington, NC 27292-4111
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1510914
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
FRAME
Total area
2,202 SF
Lot
0.44 ac (19,166 SF)
Zoning code
B
APN
11-066-0-00J-0004
UPID
US53-1510914
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
-
Homeside Financial Loan Service Bank
-
Rosalind Baker Law Firm
-
Duff Michelle A Law Firm
-
North State Bank Mortgage Loan Service Bank
-
Edward Jones - Financial Advisor: Jennifer L Schoonmaker-Dasch, CFP®|AAMS¿ Financial Advisor
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
Bucktail Properties LLC · 4 yrs held
Bucktail Properties LLC
since 2021
Last sale
$210,000
3 recorded transactions
Zoning & alternative use
B · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of thebusinessdistrictis to accommodate a wide range of retail, service, governmental, and office uses that serve not only the Lexington community, but also travelers along key highway corridors. Thisdistrictprovides an opportunity for economic development with convenient automobile access, minimal traffic congestion, and reduced visual clutter al…
Zone name
Business Zoning District
General category
CIVIC_INSTITUTIONAL
Zone area
1,501.39 ac
Source
Realmo
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
$2,521
Tax year 2023
Assessed value
$192,440
Assessed 2023
Previous assessed
$192,440
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$38,330
Improvement market value
$154,110
Total market value
$192,440
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,202 SF
Lot
0.44 ac (19,166 SF)
Zoning code
B
APN
11-066-0-00J-0004
UPID
US53-1510914
Jurisdiction
DAVIDSON
Zoning & alternative use
B · Lexington, NCZoning B · permitted uses
B · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of thebusinessdistrictis to accommodate a wide range of retail, service, governmental, and office uses that serve not only the Lexington community, but also travelers along key highway corridors. Thisdistrictprovides an opportunity for economic development with convenient automobile access, minimal traffic congestion, and reduced visual clutter along designated commercial corridors.
Zone name
Business Zoning District
General category
CIVIC_INSTITUTIONAL
Zone area
1,501.39 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1996
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Bucktail Properties LLC
Entity
Mailing address
8188 HAMPTON RD, CLEMMONS, NC 27012-7131
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2021
$210,000
Bucktail Properties LLC
James C Mcmillan
Warranty Deed
$189,000 · James C Mcmillan Reycable Trust
Sep 1, 2021
—
James C Mcmillan
James C Mcmillan
Intrafamily Transfer
related
—
Dec 19, 2014
—
Mcmillan,james C Trust
Mcmillan,james C
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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