Property profile

123 Park Ln Dr Rutherfordton, NC 28139

OFF-MARKET
Other automotive properties
Property ID
US53-2898204
1,328 SF 0.12 ac lot Built 1968
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

The commercial property is located in Rutherfordton, North Carolina, off Main Street (U.S. 221) within the MU zoning district. It is situated on a 0.17-acre fenced lot and includes formal parking, multiple building entrances, and utilities configured with two water meters and two electric meters. The building layout provides potential to create up to three separate office spaces, and the property is generally suited for a range of commercial uses such as office, retail, or personal services.

Property profile

Verified
Property type Other automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1968
Total area 1,328 SF
Lot 0.12 ac (5,227 SF)
Zoning code MU-2
APN 1205985
UPID US53-2898204

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Daycare Center
  • Accounting Firm Tax Preparation

Location

123 Park Ln Dr Rutherfordton, NC 28139-2901
Rutherfordton metro Census 960503 FOREST CITY, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2010
$93,000

Zoning & alternative use

MU-2 · Rutherfordton, NC
Zoning description

The Mixed-Use Districts (MU-2) are established to provide opportunities for both compatible and sustainable re development where underutilized commercial properties already exist as well as infill sites where site specif…

General category MIXED_USE

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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