Property profile

231 Red Cross Rd Oakboro, NC 28129

OFF-MARKET
Commercial real estate
Property ID
US53-3833971
1.64 ac lot
Individually Owned Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.64 ac (71,438 SF)
Zoning code H-B
APN 559502656573
UPID US53-3833971

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

231 Red Cross Rd Oakboro, NC 28129-7201
Oakboro metro Census 930902 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2025
3 recorded transactions
2025
$1,000
2007
$23,000
2007
$23,000

Zoning & alternative use

H-B · Oakboro, NC
Zoning description

The Highway Business (CB) district is the primary district intended to serve retail, business, and service uses in the Towns planning jurisdiction and is found along major arterial streets outside of the core of Town. De…

General category CIVIC_INSTITUTIONAL

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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