Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    801 Ctr St Lexington, NC 27292-4401

    • Medical Office Space
    • 2,996 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Nov 01, 2022
    $425,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1538244
    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.

    Current Use by Public Records

    • Belly Dance by Shaula / Training Center
    • Mc Whorter Thomas S OD / Physician
    • Dr. John B. McWhorter / Physician
    • Call Becky E OD / Physician
    • JMS Liquidation / Discount Store

    Property Details for 801 Ctr St

    Year built
    1983
    Construction
    FRAME
    Lot size
    0.51 lot acres
    Property size
    2,996 SF
    Zone code
    B
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    11-070-0-00B-0003
    APU
    11070000B0003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.2468
    Latitude
    35.8136
    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
    $5,365
    $0.00
    $0.00
    $409,540
    -
    $88,860
    $320,680
    $409,540

    Comparable in this City

    • Value Estimation by Request
      3,953 SF

      32 Kirkwood Ave

      MEDICAL BUILDING • 3,953 SF
      32 Kirkwood Ave, Lexington, NC 27292-4024
      View Details
    • Value Estimation by Request
      6,880 SF

      102 Medical Park Dr

      MEDICAL BUILDING • 6,880 SF
      102 Medical Park Dr, Lexington, NC 27292-6773
      View Details
    • Value Estimation by Request
      2,584 SF

      11 Medical Park Dr

      MEDICAL BUILDING • 2,584 SF
      11 Medical Park Dr, Lexington, NC 27292-6768
      View Details
    • Value Estimation by Request
      2,655 SF

      202 Ctr St

      MEDICAL BUILDING • 2,655 SF
      202 Ctr St, Lexington, NC 27292-3012
      View Details
    • Value Estimation
      $725,000
      13,984 SF

      206 Ctr St Ste A

      MEDICAL BUILDING • 13,984 SF
      206 Ctr St Ste A, Lexington, NC 27292-3056
      View Details
    • Value Estimation
      $3,180,000
      12,236 SF

      110 Medical Park Dr

      MEDICAL BUILDING • 12,236 SF
      110 Medical Park Dr, Lexington, NC 27292-6773
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Office Space Near Courthouse

      Professional office space ideal for attorneys and other businesses.
      121 W Center St, 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
    • $1,300,000
      23,000 SF

      Versatile Industrial Building in Lexington

      Renovated industrial building with over 23,000 sq. ft. space.
      30 E 1St St, 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

      Lexington Office Space Available

      Office space featuring private offices, reception area, and bathrooms.
      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

      Lexington Parkway Plaza Retail Space

      Large shopping center with prime retail location and interstate visibility.
      19 Plaza Pkwy, 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 Warehouse Space Available

      284,349 SF warehouse space available for lease or sale.
      100 United Furniture Dr, 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.
    801 Ctr St
    Lexington, NC 27292-4401
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!