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    Property profile & analytics

    950 German NW St Lenoir, NC 28645-4812

    • Office buildings
    • 3,992 SF
    • 27.13 lot acres
    OFF-MARKET
    Value Estimation
    $1,625,000
    Last Sale
    Apr 01, 2022
    $1,520,000
    Location Intelligence
    Property ID
    US53-1960751
    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

    • Exela Pharma Services / Manufacturer
    • Lower creek elementary school / Elementary School

    Property Details for 950 German NW St

    Year built
    1964
    Construction
    STEEL FRAME
    Lot size
    27.13 lot acres
    Property size
    3,992 SF
    Property type
    Office buildings
    APN
    06196 1 1
    APU
    619611

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,600,000
      6.5%
      $1,630,000
      7%
      $1,440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,490,000
      Geo Method
      $1,695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,850,000
      Retail
      $1,735,000
      Mixed-Use
      $1,485,000
      Hospitality
      $1,415,000
      Educational
      $1,620,000
      Residential Income
      $1,400,000
      Energy
      $1,655,000
      Income-Based Land
      $1,635,000
      Food Service
      $1,765,000

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.5599
    Latitude
    35.9209
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, 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
    0
    $0.00
    $142,400
    $1,334,500
    $1,476,900
    -
    $142,400
    $1,334,500
    $1,476,900

    Comparable in this City

    • Value Estimation by Request
      20,909 SF

      2040 Morganton SW Blvd

      OFFICE BUILDING • 20,909 SF
      2040 Morganton SW Blvd, Lenoir, NC 28645-4971
      View Details
    • Value Estimation by Request
      4,540 SF

      1444 Norwood SW St

      OFFICE BUILDING • 4,540 SF
      1444 Norwood SW St, Lenoir, NC 28645-6348
      View Details
    • Value Estimation
      $360,000
      2,021 SF

      1304 Hickory SW Blvd

      OFFICE BUILDING • 2,021 SF
      1304 Hickory SW Blvd, Lenoir, NC 28645-6472
      View Details
    • Value Estimation
      $3,170,000
      2,782 SF

      206 Blowing Rock Blvd

      OFFICE BUILDING • 2,782 SF
      206 Blowing Rock Blvd, Lenoir, NC 28645-4404
      View Details
    • Value Estimation
      $365,000
      3,250 SF

      3810 Blowing Rock Blvd

      OFFICE BUILDING • 3,250 SF
      3810 Blowing Rock Blvd, Lenoir, NC 28645-7753
      View Details
    • Value Estimation
      $60,000
      1,800 SF

      524 Fairview SW Dr

      OFFICE BUILDING • 1,800 SF
      524 Fairview SW Dr, Lenoir, NC 28645-4933
      View Details

    Similar Nearby for Sale

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      Lenoir Office Building - Prime Location

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    • $395,000
      3,200 SF

      sharing the current parking lot. With 3200 heated square feet

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    • $464,900
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      Lenoir Office Building - Great Potential

      Prime location, 5754 sq ft, high income potential.
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      Lenoir Office Building - Great Investment

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    Similar Nearby for Lease

    • Contact for pricing
      8,035 SF

      Medical Office Building For Lease

      Three-story medical office building near Caldwell Memorial Hospital.
      125 Hospital Ave NW, Lenoir, NC 28645
      View Details
    • $1,800 /Mo
      4,000 SF

      Versatile Church or Retail Space

      4,000 SF church or retail/office space for lease.
      1636 Norwood St SW, Lenoir, NC 28645
      View Details
    • Contact for pricing
      30,000 SF

      North Hill Plaza: Retail Opportunity

      Lenoir, NC Strip Center - Fully Vacant
      0 Hl Plz Shopping Ctr, Lenoir, NC 28645
      View Details
    • $4 SF/Yr
      492,000 SF

      Lenoir, NC Industrial Warehouse Space

      Large warehouse, divisible spaces available.
      840 Complex St, Lenoir, NC 28645
      View Details
    • Contact for pricing

      Highway Frontage Commercial Land Parcel

      1.759 acre commercial land parcel with highway frontage.
      303-307 Blowing Rock Blvd, Lenoir, NC 28645
      View Details
    • $5,056 /Mo
      6,200 SF

      Industrial Building with Spray Booth

      6,741 SF industrial building with turnkey auto body potential.
      2308 Icenhour Ct, Lenoir, NC 28645
      View Details
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    Lenoir, NC 28645-4812
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    Realmo Value Estimation

    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.

    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.

    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
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