New search
Property profile & analytics
FOR SALE
Investment properties
319 N Central Ave, Locust, NC 28097
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5032231
For Sale
1 / 47
$489,000
319 N Central Ave, Locust, NC 28097
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1948
Total area
1,632 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CC
APN
557501455562
UPID
US53-5032231
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
-
Huneycutt Law, PLLC Law Firm
-
Re/Max Gateway Professionals Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Collective Salon LLC · 2 yrs held
The Collective Salon LLC
since 2024
7 recorded transactions
Zoning & alternative use
CC · Locust, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$316
Tax year 2024
Assessed value
$190,680
Assessed 2024
Previous assessed
$190,680
+0.0% YoY
Effective rate
0.17%
On assessed value
Assessed land
$49,950
Assessed improvement
$140,730
Land market value
$49,950
Improvement market value
$140,730
Total market value
$190,680
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1948
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
1,632 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CC
APN
557501455562
UPID
US53-5032231
Jurisdiction
STANLY
Zoning & alternative use
CC · Locust, NC
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
1948
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
The Collective Salon LLC
Entity
Mailing address
PO BOX 309, LOCUST, NC 28097-0309
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$300,000
The Collective Salon LLC
Timothy Ray Miller
Warranty Deed
$399,000 · Pinnacle Bank
Jul 29, 2021
$225,000
Harry Lee Miller
Timothy Ray Miller
Warranty Deed
related
$247,199 · New Day Financial LLC
Mar 15, 2011
—
Huneycutt Law PLLC
—
Trustees Deed
related
$10,000 · Bank Of Stanley
Jun 7, 2010
$240,100
Huneycutt Law PLLC
Martin,michael A & Debra D
Warranty Deed
$192,000 · Bank Of Stanley
Nov 8, 2007
$142,500
Michael A Martin
Tamara Sue Larson Severtson
Warranty Deed
$114,000 · Home Savings Bank Of Albemarle Ssb
—
—
Daryl R Severtson
—
Deed Of Trust
related
$120,700 · First American Title Co
—
—
Huneycutt Law PLLC
—
Deed Of Trust
related
$28,500 · First Bank
—
—
Huneycutt Law PLLC
—
Deed Of Trust
related
$161,500 · First Bank
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?”
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.
