lexington park properties

What lexington park properties does

Lexington Park Properties, LLC is a family-owned real estate company founded in 2002 by Charles Mikel "Chase" Thompson and headquartered in Cornelius, North Carolina. The company acquires, owns, leases, and sells commercial and residential real estate across a portfolio that includes properties in Cornelius, Calabash, Sunset Beach, High Point, and Goldsboro (NC), plus Lexington, Virginia. Its tenant and customer base primarily consists of small business owners, professional services providers, mobile/home-based businesses, individuals and families seeking beach-area rentals, and property owners seeking liquidity.

The company operates multiple product lines: executive office suites leased on monthly subscriptions ($385–$500/month), virtual office services ($49–$125/month), residential property leases ($950–$2,350/month), conference room rentals ($25/hour), and traditional real estate sales in the $325K–$2M range. It has also introduced a "WE BUY PROPERTY" acquisition service, enabling it to act as a direct buyer and transaction intermediary rather than solely as a landlord. Marketing and lead capture are supported by a "First-to-Know" email subscription list and local community events (such as MarchHoops).

Revenue mechanics combine recurring rental income (the majority of steady cash flow), transactional commissions from property sales, and newer usage-based and subscription revenue from virtual office and conference room offerings. The operation runs with a small team led by Chase Thompson and his son Luke Thompson, with growth to date driven primarily by geographic expansion, gradual acquisition of additional inventory, and incremental product diversification rather than external funding or scale-driven investment. No proprietary technology platform, AI/ML capability, or institutional capital has been disclosed in the available data.

Name

lexington park properties

Legal name

Lexington Park Properties, LLC

Website

https://lexingtonparkproperties.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Lexington Park Properties is a family-owned real estate company that acquires, leases, and sells commercial and residential properties across North Carolina and Virginia, serving small businesses, professional service providers, and individual renters through office suites, virtual offices, and beach-area homes.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Leasing & Property Management

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311), Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Office Property Management (BPAJAGAA)

akta.pro secondary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Executive office suites
• Virtual office services
• Commercial property leasing
• Residential property rental
• Off-market property acquisition

Headquarters

HQ city

Cornelius

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Commercial Office Space Leasing: Executive office suites and single-tenant office spaces leased to businesses. Includes amenities such as utilities, Wi-Fi, and access to conference rooms. Properties span multiple North Carolina locations (Cornelius, Calabash, High Point, Goldsboro) and Virginia (Lexington).
2. Virtual Office Services: Professional business address services for home-based and mobile businesses. Includes mail handling, conference room access, and optional marquee signage. Offered at Cornelius, NC and Calabash, NC locations.
3. Residential Property Leasing: Single-family homes and townhomes for lease, primarily in coastal North Carolina communities (Sunset Beach, Carolina Shores, Sea Trail Plantation). Properties include executive furnished options near beaches.
4. Property Sales: Commercial and residential property acquisitions and sales. Properties available for sale include office spaces (e.g., Goldsboro at $325,000, Village Harbor at $375,000) and commercial land (Lexington, VA at $2,000,000).
5. Conference Room Rental: Hourly and monthly conference room bookings at Cornelius and Calabash locations. Includes access to Smart TV, dry erase boards, and kitchen facilities.
6. Property Acquisition Services: Direct purchase of commercial and residential properties from sellers, with optional lease-back to seller arrangements. They target off-market properties and simplify transactions by eliminating traditional agent commissions.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Lexington Park Properties leases and manages executive office suites, virtual office packages, conference rooms, and commercial retail/office space, and rents single-family residential properties across multiple North Carolina markets and Lexington, Virginia. The company also acquires residential and commercial properties directly from owners through an off-market "We Buy Property" program, allowing sellers to close without paying real estate agent commissions.

Product overview

Lexington Park Properties operates a family-owned real estate company focused on commercial and residential property acquisition and management since 2002. The company offers three core product lines: Executive Office Space (affordable furnished suites starting at $400/month with utilities and internet), Virtual Office Packages (professional business addresses at $125/month with optional conference room access), and Property Acquisition/Disposal Services (buying properties directly and offering leaseback options). The portfolio includes specific properties across North Carolina (Calabash, Cornelius, Sunset Beach, High Point, Goldsboro, Matthews, Davidson, Charlotte) and Virginia (Lexington), ranging from small office suites to single-family homes and commercial buildings. The company also provides Conference Room Rental services at $25/hour and various residential/commercial leasing options including lease-to-own programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Executive Office Suites Fully furnished, serviced private office spaces rented on flexible terms to small businesses, entrepreneurs, and remote professionals across multiple North Carolina locations (Cornelius/Lake Norman, Calabash, Goldsboro) and Lexington, Virginia. Utilities, internet, and furnishings are included in the monthly fee.
• Virtual Office Package
• Conference Room Rental
• Residential Property Leasing
• We Buy Property (Off-Market Acquisition Program)
• Queen Anne Office/Retail Space

Quantifiable outcome

• Properties available with utilities and Wi-Fi included starting at $400/month
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• IWG (Regus): The world's largest operator of flexible office space, virtual offices, and meeting rooms under the Regus, HQ, and Spaces brands. Directly comparable business model to Lexington Park's executive office suite and virtual office offerings, but operating at vastly greater scale across global markets.
• Industrious: Premium flexible office operator offering private offices, coworking, and meeting rooms. Provides similar product types to Lexington Park (furnished offices, virtual services, meeting rooms) but targets a more upscale and enterprise-friendly customer segment in larger metros.
• WeWork: Major coworking and flexible office operator offering dedicated offices, hot desks, and meeting rooms. Competes with Lexington Park for SMB and small-team office tenants seeking turn-key office space, though at higher price points and in larger markets.
• HQ by IWG: IWG's low-cost coworking/virtual office brand offering private offices, hot desks, and meeting rooms at lower price points. Targets the same SMB and solo-professional customer segment as Lexington Park's executive suites and virtual office products.

Direct peers

• Intelligent Office: Operator of executive office suites, virtual office services, and meeting rooms across North America. Nearly identical service mix to Lexington Park—including the same target customer profile of professional services providers and home-based businesses.
• Alliance Virtual Offices: Virtual office and coworking aggregator offering business addresses, live reception, and meeting rooms across hundreds of locations. Direct competitor to Lexington Park's virtual office and conference room products for SMB and remote business customers.
• Carr Workplaces: Operator of executive office suites, coworking, and virtual office services across the Mid-Atlantic and Southeast US. Closely comparable to Lexington Park's product mix and SMB/professional services customer focus, with overlap in the Carolinas and Virginia geography.
• Davinci Virtual Offices: Virtual office provider offering business addresses, mail handling, and meeting room access. Competes directly with Lexington Park's virtual office starting package ($49-$125/month) for home-based and mobile business customers seeking a professional address.
• Office Evolution: Franchised network of coworking and executive office suite locations targeting suburban and secondary markets in the US. Closely comparable to Lexington Park's model of small-format executive office suites serving SMBs and professional services in non-metro markets.

Regional players

• Common Desk: Regional coworking and flexible office operator in the Carolinas and Texas. Comparable to Lexington Park's executive office suite and shared-service model, with overlapping geographic presence in NC markets like Charlotte and the broader Carolinas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/lexington-park-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about lexington park properties