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    Property profile & analytics

    511 Oak St Forest City, NC 28043-3582

    • Investment properties
    • 1,696 SF
    • 5.64 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 27, 2023
    $465,000
    Location Intelligence
    Property ID
    US53-4035579
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 511 Oak St

    Year built
    1953
    Lot size
    5.64 lot acres
    Property size
    1,696 SF
    Zone code
    C3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1650150
    APU
    1650150

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Forest City
    County
    Rutherford
    State
    North Carolina
    Longitude
    -81.8819
    Latitude
    35.3324
    CBSA code
    22580
    CBSA name
    FOREST CITY, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $6,286
    $582,400
    $129,800
    $712,200
    -
    $582,400
    $129,800
    $712,200

    Comparable in this City

    • Value Estimation by Request
      1,932 SF

      1498 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,932 SF
      1498 Main St, Forest City, NC 28043-2528
      View Details
    • Value Estimation
      $275,000
      2,664 SF

      419 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,664 SF
      419 Main St, Forest City, NC 28043-2920
      View Details
    • Value Estimation by Request
      1,228 SF

      365 Broadway St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,228 SF
      365 Broadway St, Forest City, NC 28043-3648
      View Details
    • Value Estimation by Request
      2,093 SF

      141 Fox Run Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,093 SF
      141 Fox Run Rd, Forest City, NC 28043-7308
      View Details
    • Value Estimation by Request
      1,316 SF

      973 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,316 SF
      973 Main St, Forest City, NC 28043-2517
      View Details
    • Value Estimation
      $440,000
      1,477 SF

      2632 College Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,477 SF
      2632 College Ave, Forest City, NC 28043-6120
      View Details

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    Similar Nearby for Lease

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      6,008 SF

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      New construction office space with customizable design and excellent exposure.
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    511 Oak St
    Forest City, NC 28043-3582
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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