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    6760 Hwy 24/27 Hwy Locust, NC 28107

    • Commercial real estate
    • 9.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6760 Hwy 24/27 Hwy

    Year built
    1977
    Lot size
    9.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 9.2-acre commercial property boasts unparalleled visibility on Highway 24/27 in Locust, North Carolina. Strategically positioned directly across from a Walmart Supercenter, numerous restaurants, and the Red Bridge golf community, this site offers unmatched accessibility and exposure to a high volume of daily traffic. The existing home and building are included in the sale as-is, presenting a unique opportunity for redevelopment or repurposing. The property's current zoning allows for a wide range of development possibilities, including but not limited to apartments, duplexes, a residential subdivision, an office park, mini-storage units, retail shopping centers, or a car dealership. Its prime location makes it ideally suited for rezoning to "Highway Business," unlocking even greater development potential. This is a rare chance to acquire a substantial parcel of land in a thriving area with exceptional visibility and diverse development options. The asking price is $2,200,000. Serious inquiries only. All information is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Locust
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.4687
    Latitude
    35.2542

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    6760 Hwy 24/27 Hwy
    Locust, NC 28107
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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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