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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Manufacturing properties
969 American Way, Lexington, NC 27295
Individually Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1979540
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Total area
64,333 SF
Lot
10 ac (435,600 SF)
Zoning code
LI
APN
11-317-E-000-0003-A
UPID
US53-1979540
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
-
Masterwrap Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$2.98M
Owner & transaction history
Joann N Mccullough · 14 yrs held
Joann N Mccullough
since 2011
7 recorded transactions
Zoning & alternative use
LI · Lexington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+33.6%
Commercial (general)
$3.8M
+18.9%
Apartment house (5+ units)
$3.8M
+18.6%
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
INDUSTRIAL (GENERAL)
$3,225,000
Current use
AUTO REPAIR, GARAGE
$4,305,000
Change: +34% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,830,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,825,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,660,000
Change: +14% · Conversion: Easy
RETAIL STORES
$3,330,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±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
$46 / 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
$14,498
Tax year 2023
Assessed value
$2,230,390
Assessed 2023
Previous assessed
$2,230,390
+0.0% YoY
Effective rate
0.65%
On assessed value
Land market value
$275,000
Improvement market value
$1,955,390
Total market value
$2,230,390
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
4
Total area
64,333 SF
Lot
10 ac (435,600 SF)
Zoning code
LI
APN
11-317-E-000-0003-A
UPID
US53-1979540
Jurisdiction
DAVIDSON
Zoning & alternative use
LI · Lexington, NC
Zoning LI · permitted uses
LI · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.7M
RETAIL STORES
Est. value
$3.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
RETAIL STORES
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
10 ac
Current owner
From public records · entity-resolved
Joann N Mccullough
Individual
Free & Clear · 14 yrs held
Mailing address
270 PILGRIM CT, LEXINGTON, NC 27295-9192
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2023
—
Rgoff Rents LLC
—
Deed
related
$700,000 · The Fidelity Bank
Jun 13, 2018
—
Rgoff Rents LLC
—
Deed
related
$100,000 · First Reliance Bank
Dec 29, 2011
$6,500
Joann N Mccullough
Nicholson,danny R SR & Patricia L
Warranty Deed
—
Jan 12, 2007
—
Rgoff Rents LLC
Goff,m Richard JR & Sheila W
Quit Claim Deed
related
$1,900,000 · Lexington State Bank
Oct 7, 2005
$265,000
M R Goff JR.
Nicholsen,danny R SR & Patricia L
Warranty Deed
$233,750 · Lexington State Bank
—
—
Masterwrap INC
—
Deed Of Trust
related
$80,000 · Newbridge Bank
—
—
Rgoff Rents LLC
—
Deed Of Trust
related
$80,000 · Newbridge Bank
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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