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    Property profile & analytics

    159 Main St Norwood, NC 28128

    • Turn key restaurants
    • 1,983 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-2024539
    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

    • Turn key restaurants

    Property Details for 159 Main St

    Year built
    1935
    Lot size
    0.30 lot acres
    Property size
    1,983 SF
    Zone code
    C-B
    Property type
    Turn key restaurants
    APN
    656302581940
    APU
    656302581940

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.1212
    Latitude
    35.2255
    CBSA code
    10620
    CBSA name
    ALBEMARLE, 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
    2024
    $630
    $15,904
    $45,862
    $61,766
    -
    $15,904
    $45,862
    $61,766

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      112 Main St

      RESTAURANT • 1,100 SF
      112 Main St, Norwood, NC 28128
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    • Value Estimation by Request
      1,800 SF

      862 Main St

      RESTAURANT • 1,800 SF
      862 Main St, Norwood, NC 28128
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    • Value Estimation
      $445,000
      2,780 SF

      320 Main St

      RESTAURANT • 2,780 SF
      320 Main St, Norwood, NC 28128-9720
      View Details
    • Value Estimation
      $375,000
      2,520 SF

      136 Main St

      RESTAURANT • 2,520 SF
      136 Main St, Norwood, NC 28128-6707
      View Details
    • Value Estimation by Request
      4,456 SF

      712 Berry Hl Dr

      RESTAURANT • 4,456 SF
      712 Berry Hl Dr, Norwood, NC 28128-6576
      View Details
    • Value Estimation
      $100,000
      4,895 SF

      108 Main St

      RESTAURANT • 4,895 SF
      108 Main St, Norwood, NC 28128-9603
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • $550,000
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      Norwood Retail Opportunity on Main

      Two buildings in Norwood's social district, potential restaurant use.
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      Land in Edgewater Community

      Land with access to clubhouse, pool, and lake amenities.
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    • $125,900
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      Land Ready For New Build

      3.59 acre land parcel suitable for a new build.
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    • $550,000
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      Downtown Norwood Commercial Gem

      7,000 sq ft, 3 entrances, prime location
      106 Main St, Norwood, NC 28128
      View Details
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    159 Main St
    Norwood, NC 28128
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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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