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Property profile & analytics
OFF-MARKET Estimated value $510,000
Drive through restaurants

1718 Main W St Locust, NC 28097-9793

3,430 SF 0.93 ac lot Built 2009
Entity Owned 9-yr Hold Free & Clear
Property ID
US53-1345864
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2009
Total area 3,430 SF
Lot 0.93 ac (40,511 SF)
Zoning code HC
APN 556504606847
UPID US53-1345864
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bojangles Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$557k
Blend (final) Blend
$510k
Owner & transaction history
Black Investment Props LLC · 9 yrs held
Black Investment Props LLC
since 2017
4 recorded transactions
2022
Price N/A
2017
$2.1M
2012
$1.7M
2009
$445,000
Zoning & alternative use
HC · Locust, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

2.1.5 Highway Commercial District (HC) Intent: The Highway Commercial District is established to provide primarily for auto-dependent uses in areas less amenable to easy pedestrian access and a comfortable pedestrian environment. It is expected that the Highway Commercial District will serve not only the Locust Community, but highway travelers as well. Becau…

Zone name Highway Commercial District
General category COMMERCIAL
Zone area 391.79 ac
Top alternative use upside
Commercial (general) $425,000 +9.9%
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