Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Auto shops
8948 Nc Hwy 8th 8 Lexington, NC 27292-8826
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1222329
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2022
Total area
8,800 SF
Lot
3.12 ac (135,907 SF)
Zoning code
HC
APN
06-026-0-000-0029
UPID
US53-1222329
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
$533k
Blend (final)
Blend
$535k
Owner & transaction history
Samuel Lee Hilton · 6 yrs held
Samuel Lee Hilton
since 2019
5 recorded transactions
Zoning & alternative use
HC · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$690,000
+16.9%
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
AUTO REPAIR, GARAGE
$590,000
Current use
OFFICE BUILDING
$690,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$525,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$510,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$61 / 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
$3,366
Tax year 2023
Assessed value
$502,430
Assessed 2023
Previous assessed
$135,910
+269.7% YoY
Effective rate
0.67%
On assessed value
Land market value
$135,910
Improvement market value
$366,520
Total market value
$502,430
Applied tax rate
6.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
8,800 SF
Lot
3.12 ac (135,907 SF)
Zoning code
HC
APN
06-026-0-000-0029
UPID
US53-1222329
Jurisdiction
DAVIDSON
Zoning & alternative use
HC · Lexington, NCZoning HC · permitted uses
HC · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$590,000
OFFICE BUILDING
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$525,000
WAREHOUSE, STORAGE
Est. value
$510,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
3.12 ac
Current owner
From public records · entity-resolved
Samuel Lee Hilton
Individual
Mailing address
215 RIVERWOOD DR, LEXINGTON, NC 27292-8868
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
—
Samuel Lee Hilton
—
Deed
related
$300,000 · The Fidelity Bank
Sep 26, 2019
$82,000
Samuel Lee Hilton
Dre Performance Enterprises Shop Ll
Warranty Deed
$53,300 · Cogent Bank
Jul 26, 2018
$65,000
Dre Performance Enterprises-sh
Ragan,norma J H & Richard J
Warranty Deed
—
Jan 17, 2014
—
Norma Jane H Ragan
Hedrick,margaret H
Warranty Deed
related
—
Mar 2, 2005
$45,000
Margaret H Hedrick
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8948 Nc Hwy 8th 8?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
