Property profile

1204 Us Hwy 21st S Sparta, NC 28675

OFF-MARKET
Grocery and convenience stores
Property ID
US53-4386458
0.39 ac lot Built 1996
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 1204 US Highway 21 S in Sparta, NC, presents a unique investment opportunity. The building features two separately metered spaces, currently operating as a successful laundromat and a studio/office. The laundromat boasts fourteen new (2024) washers and twelve new (2024) dryers, all credit card and coin-operated, and is included in the sale. This section also includes several additional offices and a separate entrance. The second space is currently used as a studio, offering versatility for various business uses. The property's history includes use as a two-bay garage, with overhead doors still intact, allowing for easy conversion back to this configuration if desired. The paved parking lot was recently updated (within the last few years), ensuring ample parking for tenants and customers. High-speed fiber optic internet and a recently upgraded 400 AMP electrical service (2024) provide modern infrastructure. This income-producing property offers significant potential for growth and diverse uses, making it an attractive investment in a desirable location. The property sits on a 0-acre lot. The asking price is $345,000. The building's square footage is not currently available. This property is ready for a new owner to capitalize on its existing income stream and explore its many possibilities.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1996
Lot 0.39 ac (16,988 SF)
APN 3080057495
UPID US53-4386458

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1204 Us Hwy 21st S Sparta, NC 28675-8645
Sparta metro Census 950200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2024
Last sale
$200,000
5 recorded transactions
2024
Price N/A
2023
$200,000
2022
$130,000
2018
$126,000
2011
$82,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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