Realmo Analytics

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Financial
Distress signals
Property profile

602 Main W St Locust, NC 28097

OFF-MARKET
Office Spaces
Property ID
US53-0878416
3,117 SF 0.53 ac lot Built 1974
Last sale Jul 2023 · $650,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$538k
Assessed land$200k
Assessed improvement$339k
Effective rate1.09%

Value estimate

· Oct 2026
$645k
$581k – $710k
AI approach$625k
Submarket $/SF estimate$629k

Realmo valuation models over county records and 27 qualifying comparable sales.

Recently sold

What actually traded nearby?
$124/SF
County average, outlier-cleaned · 105 recorded sales of this use type
Observed band · Q1–Q3$59 – $202
Qualifying comparables27

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
HC
The purpose of HC zone is to provide primarily for auto dependent uses in areas less amenable to easy pedestrian access and a comfortable...
General categoryCOMMERCIAL
JurisdictionSTANLY

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.0
Wholesale Shop9.8
Kitchen & Bath9.6

Location

602 Main W St Locust, NC 28097-9712
County assessor Recorded deeds · 3 transfers 27 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
229 Whitney, Locust, NC 28097-9443 $579,000 Jul 2023 9,000 SF
103 Stanly, Locust, NC 28097-7710 $7,043,500 Mar 2023 20,885 SF
123 Professional Park, Locust, NC 28097-7712 $2,550,000 May 2022 8,018 SF
236 Market St, Locust, NC 28097-9439 $1,575,000 Aug 2021 3,500 SF
286 Browns Hl, Locust, NC 28097-6613 $525,000 Mar 2021 30,400 SF
403 Central, Locust, NC 28097-7142 $420,000 Jan 2019 2,158 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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