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    Property profile & analytics

    932 Main St Norwood, NC 28128-6538

    • Commercial real estate
    • 1,320 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Last Sale
    Feb 13, 2023
    $260,000
    Location Intelligence
    Property ID
    US53-1326764
    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

    • Commercial real estate

    Property Details for 932 Main St

    Year built
    2001
    Lot size
    0.92 lot acres
    Property size
    1,320 SF
    Zone code
    G-B
    Property type
    Commercial real estate
    APN
    656403112919
    APU
    656403112919

    Description

    This exceptional investment opportunity presents a vacant 1,324 square foot retail/auto shop building situated on a 0.84-acre lot in Norwood, North Carolina. Located at 932 N Main St, 28128, this property offers significant potential for a variety of businesses. Built in 2001, the single-story structure boasts ample space and is ready for immediate occupancy. The property's convenient location on N Main St provides excellent visibility and accessibility, making it an ideal spot for attracting customers. The expansive 0.84-acre lot includes 20 parking spaces, ensuring convenient parking for patrons. This owner-user opportunity is priced at $319,000 and presents a compelling chance to establish a thriving business in a growing area of Stanly County. The property's versatile nature makes it suitable for a range of uses, from retail to automotive services. Don't miss this chance to acquire a prime commercial property in a desirable location. The property is currently vacant, allowing for immediate customization to suit your specific business needs. This is a rare opportunity to own a well-located commercial property in Norwood, NC.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $225,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $245,000
      Mixed-Use
      $255,000
      Hospitality
      $225,000
      Educational
      $225,000
      Residential Income
      $255,000
      Energy
      $230,000
      Income-Based Land
      $245,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.1346
    Latitude
    35.2339
    CBSA code
    10620
    CBSA name
    ALBEMARLE, NC MICROPOLITAN 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
    2024
    $1,008
    $28,768
    $70,079
    $98,847
    -
    $28,768
    $70,079
    $98,847

    Comparable in this City

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      COMMERCIAL (GENERAL) • 1,929 SF
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    932 Main St
    Norwood, NC 28128-6538
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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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