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Property profile & analytics
OFF-MARKET Estimated value $1,110,000
Drive through restaurants

1878 Main W St Locust, NC 28097-7700

4,397 SF 1.23 ac lot Built 2010
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US53-1168308
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2010
Total area 4,397 SF
Lot 1.23 ac (53,579 SF)
Zoning code HC
APN 556503406901
UPID US53-1168308
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
  • McDonald's Restaurant Take-out & Catering
  • Summit Management Group Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
$714k
Blend (final) Blend
$1.11M
Owner & transaction history
Helen Eliopoulos · 3 yrs held
Helen Eliopoulos
since 2022
Last sale
$1.4M
4 recorded transactions
2022
Price N/A
2012
$1.4M
2008
Price N/A
1969
Price N/A
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
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