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    551 Court St Marion, NC 28752

    • Retail space
    • 3,712 SF
    • 0.28 lot acres
    For Sale
    View listing
    $249,000
    Value Estimation
    Last Sale
    Jul 28, 2022
    $136,000
    Location Intelligence
    Property ID
    US53-2858925
    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

    • Retail space

    Property Details for 551 Court St

    Year built
    1942
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    3,712 SF
    Property type
    Retail space
    APN
    1701-08-88-8876
    APU
    170108888876

    Description

    This exceptional 0.33-acre commercial lot, located at 551 E Court Street in the heart of Downtown Marion, North Carolina, presents a unique investment opportunity. Zoned C-2, this vacant land offers a multitude of development possibilities for discerning entrepreneurs. The property boasts convenient access to city water and sewer, eliminating significant infrastructure hurdles and streamlining the development process. Its central location within Marion's vibrant downtown area ensures high visibility and accessibility for any future business. Imagine a thriving restaurant, a stylish retail space, modern office suites, a medical facility, or even an automotive service center – the possibilities are truly limitless. This property is ideally positioned to capitalize on the ongoing growth and revitalization efforts currently underway in Marion. The strategic location and flexible zoning make this an exceptional opportunity for investors seeking a high-impact commercial venture. Don't miss this chance to secure a prime piece of Marion's burgeoning commercial landscape. The asking price is $249,000. Serious inquiries are encouraged. Contact us today to learn more about this exciting development opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $155,000
      6.5%
      $165,000
      7%
      $140,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $170,000
      Retail
      $155,000
      Mixed-Use
      $180,000
      Hospitality
      $135,000
      Educational
      $160,000
      Residential Income
      $145,000
      Energy
      $130,000
      Income-Based Land
      $130,000
      Food Service
      $160,000

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Mcdowell
    State
    North Carolina
    Longitude
    -82.0012
    Latitude
    35.6883
    CBSA code
    32000
    CBSA name
    MARION, 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
    2023
    $1,340
    $60,000
    $164,150
    $224,150
    -
    $60,000
    $164,150
    $224,150

    Comparable in this City

    • Value Estimation by Request
      5,984 SF

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      View Details
    • Value Estimation
      $80,000
      1.38 Acres

      Sugar Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.38 Acres
      Sugar Hl Rd, Marion, NC 28752
      View Details
    • Value Estimation
      $255,000
      13,836 SF

      356 Ct St

      RETAIL STORES (PERSONAL SERVICES) • 13,836 SF
      356 Ct St, Marion, NC 28752-4047
      View Details
    • Value Estimation
      $210,000
      2,320 SF

      Marion, NC 28752

      RETAIL STORES (PERSONAL SERVICES) • 2,320 SF
      Marion, NC 28752
      View Details
    • Value Estimation by Request
      1,465 SF

      1209 Rutherford Rd

      Individual retail properties • 1,465 SF
      1209 Rutherford Rd, Marion, NC 28752
      View Details
    • Value Estimation
      $505,000
      4,600 SF

      41 Gdn St

      RETAIL STORES (PERSONAL SERVICES) • 4,600 SF
      41 Gdn St, Marion, NC 28752-4024
      View Details

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    • Contact for pricing
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    Marion, NC 28752
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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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