Property profile

248 Market St Locust, NC 28097

OFF-MARKET
Commercial real estate
Property ID
US53-4055714
21,000 SF 4.16 ac lot Built 2006
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2006
Total area 21,000 SF
Lot 4.16 ac (181,210 SF)
Zoning code MULTIPLE
APN 557503232035
UPID US53-4055714

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
  • Consultant Appraiser
  • Real Estate Agency
  • Land Surveyor
  • Architect
  • Clothing & Fashion Store

Location

248 Market St Locust, NC 28097-9437
Locust metro Census 930801 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.40M
Blend (final) Blend
$550k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2023
$1.3M
2022
$65,000
2016
$700,000
2011
$650,000
2011
Price N/A
2011
$194,000

Zoning & alternative use

MULTIPLE · Locust, NC

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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