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    Property profile & analytics

    512 Main W St Locust, NC 28097-9710

    • Drive through restaurants
    • 6,078 SF
    • 7.41 lot acres
    OFF-MARKET
    Value Estimation
    $1,925,000
    Last Sale
    Jul 28, 2021
    $2,100,000
    Location Intelligence
    Property ID
    US53-2158798
    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

    • Phillips 66 / Gas Station
    • Quick Check Inc / Gas Station / Convenience Store
    • Sunoco / Gas Station / Convenience Store
    • Calloway Security ATM / Atm
    • Gas Station / Gas Station / Convenience Store

    Property Details for 512 Main W St

    Year built
    2001
    Lot size
    7.41 lot acres
    Property size
    6,078 SF
    Zone code
    MULTIPLE
    Property type
    Drive through restaurants
    APN
    557503222030
    APU
    557503222030

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,785,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,110,000
      6.5%
      $2,060,000
      7%
      $2,245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,915,000
      Geo Method
      $2,195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,875,000
      Retail
      $1,990,000
      Mixed-Use
      $1,670,000
      Hospitality
      $2,265,000
      Educational
      $1,815,000
      Residential Income
      $1,730,000
      Energy
      $2,130,000
      Income-Based Land
      $1,910,000
      Food Service
      $1,830,000

    Location Insight

    • Map
    • Local Demand
    City
    Locust
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.4331
    Latitude
    35.2583
    CBSA code
    10620
    CBSA name
    ALBEMARLE, 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
    2024
    $16,701
    $855,475
    $676,705
    $1,532,180
    -
    $855,475
    $676,705
    $1,532,180

    Comparable in this City

    • Value Estimation
      $1,165,000
      4,397 SF

      1878 Main W St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,397 SF
      1878 Main W St, Locust, NC 28097-7700
      View Details
    • Value Estimation
      $430,000
      4,604 SF

      103 Main W St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,604 SF
      103 Main W St, Locust, NC 28097
      View Details
    • Value Estimation by Request
      3,199 SF

      103 Main E St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,199 SF
      103 Main E St, Locust, NC 28097-9723
      View Details
    • Value Estimation by Request
      3,430 SF

      1718 Main W St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,430 SF
      1718 Main W St, Locust, NC 28097-9793
      View Details
    • Value Estimation by Request
      1,056 SF

      816 Main St

      Restaurants • 1,056 SF
      816 Main St, Locust, NC 28097
      View Details
    • Value Estimation
      $280,000
      3,000 SF

      117 Central Ave

      RESTAURANT • 3,000 SF
      117 Central Ave, Locust, NC 28097-7121
      View Details

    Similar Nearby for Sale

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      1,056 SF

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    Similar Nearby for Lease

    • Contact for pricing
      4,533 SF

      Locust Office Building For Lease

      Three new units, 4,533 SF total. Ideal for various businesses.
      122 Professional Park Dr, Locust, NC 28097
      View Details
    • $28 SF/Yr
      6,303 SF

      Locust Office Space For Rent

      6,303 square foot office space available for lease.
      103 Stanly Pkwy, Locust, NC 28097
      View Details
    • $2,000,000
      9,600 SF

      New Construction Warehouse/Office Building

      New 9,600 SF warehouse/office building for rent.
      123 Locust Level Dr, Locust, NC 28097
      View Details
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    512 Main W St
    Locust, NC 28097-9710
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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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