Technical
Financial
Distress signals
Property profile

204 Main St King, NC 27021

OFF-MARKET
Gas stations
Property ID
US53-3546844
1,305 SF 0.22 ac lot Built 1950
Individually Owned Free & Clear
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Property summary

AI-generated overview

This corner retail property is located in downtown King, North Carolina, and is zoned B-1. The zoning permits expansion to the property line and sidewalks, including the ability to add to the existing building up to the sidewalk line or redevelop by removing the current structure and building to the sidewalks. The listing indicates deed restrictions governing permitted goods, including limitations on sales of vapes, cigarettes, tobacco, and lottery tickets, with conditions described for alcohol service inside a restaurant. The property also has stated restrictions on certain types of signage, including no neon signage and limitations on window displays related to beer, lottery, vapes, and tobacco.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,305 SF
Lot 0.22 ac (9,583 SF)
Zoning code B-1
APN 599216931793
UPID US53-3546844

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
  • Gas Station

Location

204 Main St King, NC 27021-9012
King metro WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

Zoning & alternative use

B-1 · King, NC
Zoning description

The intent of the B-1 old business district is to accommodate the clustered commercial activities that developed near the intersection of E and W Dalton road and south main street at the heart of Old downtown king. Devel…

General category COMMERCIAL

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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