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    Property profile & analytics

    122 Main St Williamston, NC 27892-2472

    • Office buildings
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $55,000
    Last Sale
    Aug 12, 2022
    $49,500
    Location Intelligence
    Property ID
    US53-4619673
    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

    • Office buildings

    Property Details for 122 Main St

    Lot size
    0.08 lot acres
    Zone code
    CD
    Property type
    Office buildings
    APN
    500132
    APU
    500132

    Description

    This exceptional redevelopment opportunity presents a unique chance to acquire three parcels totaling 20,000-22,000 square feet in downtown Williamston, North Carolina. The property comprises two buildings, constructed in 1917 and 1925, totaling 16,900 square feet and featuring 18-22 foot ceilings. Recently renovated in 2023 with a new insulated roof, these buildings are currently vacant, offering a blank canvas for a variety of uses. The permitted CD zoning allows for diverse development options, including hotel, multifamily, school, or mixed-use residential projects. Ample parking is available behind the buildings, with room for expansion. The asking price of $239,000 includes all three parcels, presenting a compelling investment opportunity in a growing area. The property's prime location offers proximity to various amenities, including Martin Community College (2.8 miles), Pitt Community College (40 miles), Nags Head Beach (92 miles), and numerous hotels, restaurants, and medical centers. The seller is motivated and will consider selling the buildings individually. This is a rare chance to shape the future of downtown Williamston and create a thriving destination for the surrounding counties. The property is classified as Class C, with a distressed sale condition.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $55,000

    • CAP approach

      CAP return
      Estimation
      6%
      $60,000
      6.5%
      $60,000
      7%
      $60,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $65,000
      Geo Method
      $55,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $70,000
      Retail
      $70,000
      Mixed-Use
      $70,000
      Hospitality
      $70,000
      Educational
      $60,000
      Residential Income
      $75,000
      Energy
      $55,000
      Income-Based Land
      $60,000
      Food Service
      $70,000

    Location Insight

    • Map
    • Local Demand
    City
    Williamston
    County
    Martin
    State
    North Carolina
    Longitude
    -77.0559
    Latitude
    35.8549

    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
    $689
    $5,570
    $79,530
    $85,100
    -
    $5,570
    $79,530
    $85,100

    Comparable in this City

    • Value Estimation by Request
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      0.85 Acres

      607 Washington St

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    • Value Estimation
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      10.41 Acres

      301 Cmns Dr

      OFFICE BUILDING • 10.41 Acres
      301 Cmns Dr, Williamston, NC 27892
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    • Value Estimation
      $355,000
      0.78 Acres

      419 Main St

      OFFICE BUILDING • 0.78 Acres
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      View Details
    • Value Estimation
      $370,000
      0.34 Acres

      411 Main St

      OFFICE BUILDING • 0.34 Acres
      411 Main St, Williamston, NC 27892-2319
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $2,860 /Mo
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      Retail Space in Williamston, NC

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      Retail space with high visibility and multiple access points.
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    122 Main St
    Williamston, NC 27892-2472
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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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