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Property profile & analytics

528 Fork Rd Norwood, NC 28128

  • Commercial real estate
  • 1,280 SF
  • 1.00 lot acres
Value Estimation
Last Sale
Jun 30, 2022
$130,000
Location Intelligence
Property ID
US53-2178190
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

  • Commercial real estate

Property Details for 528 Fork Rd

Year built
1973
Lot size
1.00 lot acres
Property size
1,280 SF
Zone code
H-B
Property type
Commercial real estate
APN
656302759907
APU
656302759907

Description

This exceptional 1,280 square foot retail property, situated on a 0.996-acre lot in Norwood, North Carolina, presents a compelling investment opportunity. Located at 528 Fork Rd, 28128, this single-story, 1973-built building boasts a convenient location off Highway 52, near a grocery-anchored center. Previously utilized as a gas station and more recently a fish market, the property offers versatile potential for redevelopment. The existing structure is currently partially occupied by a month-to-month ice vending company lease. Two underground fuel tanks remain on the site. The property is zoned for commercial use and features a convenient location with high visibility. The asking price is $379,000. The APN is 656302759907. This property is ideal for a variety of retail uses, including but not limited to, quick-service restaurants (QSR), convenience stores, or auto shops. Its prime location and flexible zoning make it an attractive prospect for entrepreneurs and investors seeking a high-return opportunity in a thriving North Carolina market. The property's history as a gas station and fish market demonstrates its adaptability to various commercial ventures. The existing lease provides immediate income potential, while the vacant space allows for customization and expansion. This is a rare chance to acquire a well-positioned retail property with significant upside potential.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $130,000
  • CAP approach

    CAP return
    Estimation
    6%
    $165,000
    6.5%
    $165,000
    7%
    $185,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $180,000
    Geo Method
    $160,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $180,000
    Retail
    $170,000
    Mixed-Use
    $215,000
    Hospitality
    $205,000
    Educational
    $155,000
    Residential Income
    $155,000
    Energy
    $160,000
    Income-Based Land
    $210,000
    Food Service
    $180,000

Location Insight

  • Map
  • Local Demand
City
Norwood
County
Stanly
State
North Carolina
Longitude
-80.112
Latitude
35.2176
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
$576
$45,087
$11,377
$56,464
-
$45,087
$11,377
$56,464
More about this property
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