Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    201 Main St, Unit 1 Catawba, NC 28609-9061
    Back to Search
    Property profile & analytics

    201 Main St, Unit 1 Catawba, NC 28609-9061

    View on Map
    • Warehouses
    • 27,046 SF
    • 0.53 lot acres
    Off-Market
    Last Sale May 13, 2022
    $600,000
    Property ID
    US53-0583444
    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.
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 201 Main St

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.53 lot acres
    Property size
    27,046 SF
    Zone code
    M-I
    Property type
    Warehouses
    APN
    3781-06-39-6632
    APU
    378106396632

    Description

    This exceptional 2,500 square foot office building, located at 201 N Main Street in Catawba, North Carolina, presents a unique investment opportunity. Built in 1949, this two-story building sits on a 0.53-acre lot and is zoned M-1. The property features a single-tenant occupancy in a high-growth area of downtown Catawba, offering convenient access to I-40. The building's traditional office layout provides ample space for a variety of businesses. The property's address is 201 N Main St, Catawba, NC 28609, and its APN is 378106396632. This is a single-building property with a storefront subtype, ideal for a business seeking a prominent location in a thriving community. The property's location within the Catawba submarket, part of the Hickory, Newton, Sherrills Ford cluster, offers excellent visibility and accessibility. The total building square footage is 2,500 square feet. This presents a rare chance to acquire a well-situated commercial property in a rapidly developing area. The property's history and location combine to create a strong foundation for future growth and profitability. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $485,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $449,000
      Market price range: $450k - $1.73M
      AI Estimate
      $472,000
      Market price range: $472k - $1.36M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Catawba
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.0764
    Latitude
    35.7096
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN 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
    2023
    $4,111
    $26,100
    $223,800
    $249,900
    -
    $26,100
    $223,800
    $249,900

    Comparable in this City

    • Value Estimation
      $3,690,000
      298,120 SF

      4436 Old Catawba Rd

      WAREHOUSE, STORAGE • 298,120 SF
      4436 Old Catawba Rd, Catawba, NC 28609
      View Details
    • Value Estimation by Request
      3,400 SF

      104 6th NE Ave

      WAREHOUSE, STORAGE • 3,400 SF
      104 6th NE Ave, Catawba, NC 28609
      View Details
    • Value Estimation by Request
      21,811 SF

      306 Central Ave

      WAREHOUSE, STORAGE • 21,811 SF
      306 Central Ave, Catawba, NC 28609
      View Details
    • Value Estimation by Request
      8,000 SF

      1293 Eulalia Ln

      WAREHOUSE, STORAGE • 8,000 SF
      1293 Eulalia Ln, Catawba, NC 28609-8016
      View Details
    • Value Estimation by Request
      4,550 SF

      5751 Hudson Chapel Rd

      WAREHOUSE, STORAGE • 4,550 SF
      5751 Hudson Chapel Rd, Catawba, NC 28609-9506
      View Details
    • Value Estimation by Request
      7,200 SF

      2060 Mathis Church Rd

      WAREHOUSE, STORAGE • 7,200 SF
      2060 Mathis Church Rd, Catawba, NC 28609
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Large Lot for Custom Home

      10 acre lot perfect for a dream home.
      00-3 Carlos Rd, Catawba, NC 28609
      View Details
    • $659,000
      18.37 Acres

      Secluded 18-Acre Estate Parcel

      Rare 18-acre parcel in gated Mirror Lake Estates.
      18Acres Mirror Lk Dr, Catawba, NC 28609
      View Details
    • New
      $71,000
      0.82 Acres

      Catawba Homesite with Water Access

      0.82-acre homesite in Long Bay community with water access.
      7710 Long Bay Pkwy, Catawba, NC 28609
      View Details
    • $50,000
      0.99 Acres

      Wooded Lot in Quiet Community

      Wooded lot in Catawba, NC, near public boat ramp.
      7725 Long Bay Pkwy, Catawba, NC 28609
      View Details
    • $45,000
      0.78 Acres

      Residential Wood-Lot in Catawba, NC

      Wooded lot in established community, near water access.
      7733 Long Bay Pkwy, Catawba, NC 28609
      View Details
    • New
      $134,900
      0.80 Acres

      Waterfront Lot on Lake Norman

      0.8-acre wooded waterfront lot in Long Bay community.
      7716 Long Bay Pkwy, Catawba, NC 28609
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 Main St, Unit 1
    Catawba, NC 28609-9061
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    201 Main St, Catawba, NC, 28609
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!