New search
Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Outlet malls
214 Main W St, Locust, NC 28097-9703
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1803906
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1966
Total area
8,000 SF
Lot
0.49 ac (21,344 SF)
Zoning code
HC
APN
557503327632
UPID
US53-1803906
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$817k
Blend (final)
Blend
$635k
Owner & transaction history
Sary Enterprises LLC · 4 yrs held
Sary Enterprises LLC
since 2022
Last sale
$625,000
3 recorded transactions
Zoning & alternative use
HC · Locust, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$950,000
+63.9%
Auto repair, garage
$755,000
+29.9%
Restaurant
$730,000
+25.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Locust submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Locust submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$645,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$580,000
Current use
COMMERCIAL (GENERAL)
$950,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: +30% · Conversion: Difficult
RESTAURANT
$730,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$715,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $625k (Mar 30 2022)
Last sale anchor
$625k
Mar 30 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$79 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,516
Tax year 2024
Assessed value
$506,025
Assessed 2024
Previous assessed
$506,025
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$183,456
Assessed improvement
$322,569
Land market value
$183,456
Improvement market value
$322,569
Total market value
$506,025
Applied tax rate
550.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1966
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
8,000 SF
Lot
0.49 ac (21,344 SF)
Zoning code
HC
APN
557503327632
UPID
US53-1803906
Jurisdiction
STANLY
Zoning & alternative use
HC · Locust, NC
Zoning HC · permitted uses
HC · Locust, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Locust. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$755,000
RESTAURANT
Est. value
$730,000
MEDICAL BUILDING
Est. value
$715,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Sary Enterprises LLC
Entity
Mailing address
1516 GLENN VLY DR, MATTHEWS, NC 28105-6861
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
—
Dollar Commercial LLC
—
Deed
related
$592,500 · First National Bank Of Pennsylvania
Mar 30, 2022
$625,000
Sary Enterprises LLC
Bronze Star Investments LLC
Special Warranty Deed
$468,750 · Farmers & Merchants Bank Aka F&m Ba
Nov 15, 2021
—
Bronze Star Investments LLC
Hoyt W Almond
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 214 Main W St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
