213 Main W St Locust, NC 28097
CC (CD): City Center District (Conditional District) Mixed Use HC (CD): Highway Commercial District (Conditional District) Commercial RC (RC): Regional Commercial District (Conditional) Commercial LHC (CD): Light Highway Commercial District (Conditional District) Commercial CB (CD): Campus Business & Institutional District (Conditional District) Mixed Use Ap…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Locust, NCCC (CD): City Center District (Conditional District) Mixed Use HC (CD): Highway Commercial District (Conditional District) Commercial RC (RC): Regional Commercial District (Conditional) Commercial LHC (CD): Light Highway Commercial District (Conditional District) Commercial CB (CD): Campus Business & Institutional District (Conditional District) Mixed Use Application and Procedure: 1. Applications for Conditional District rezonings shall follow the procedures for map amendments as described in Article 10 of the Locust Land Development Ordinance. 2. A conceptual site plan, list of proposed uses, and any applicant-offered conditions shall accompany the application. 3. The Planning & Zoning Board shall review the request and provide a recommendation to City Council. 4. City Council shall hold a legislative public hearing and may approve, approve with conditions, deny, or postpone the request. Review Standards: In reviewing a Conditional District request, the City Council shall consider: 1. Consistency with the Comprehensive Land Use Plan; 2. Compatibility with surrounding uses and zoning; 3. Adequacy of public facilities, services and infrastructure; 4. Mitigation of potential adverse impacts such as noise, light, traffic, and stormwater; and 5. The promotion of orderly growth and the public health, safety, and welfare. Site-Specific Conditions: 1. Conditions may be proposed by the applicant or by City staff, and must be accepted in writing by the applicant before approval. 2. Conditions shall be limited to those necessary to address site-specific impacts or ensure compliance with City plans and policies. 3. All approved conditions shall be binding and enforceable as part of the zoning approval. 4. Any modification of an approved Conditional District shall require a new rezoning following the same procedure. 2.3 OVERLAY DISTRICTS An Overlay District is a zoning district which is applied only in conjunction with another zoning district. It may grant additional uses, restrict permitted uses, or impose development requirements which differ from those of the underlying district. The underlying district and the overlay district, taken together, will control development. The Overlay Districts are established below. District Classification
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.