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Property profile & analytics
OFF-MARKET
Office buildings
604 Clark Dr Lincolnton, NC 28092-3714
Entity Owned
~
Est. High Equity
Property ID
US53-5663342
Property summary
AI-generated overview
This 5,243 sq ft commercial property in Lincolnton, NC, boasts a prime location on Clark Drive, directly off N Generals Blvd, an area with high visibility and steady traffic (13,000 average daily vehicles). The 1.08-acre corner lot offers ample parking both in front and behind the building. Previously used as a car dealership and a restaurant, the property's versatile Planned Business District zoning allows for a wide range of commercial uses. Its strategic location offers easy access and benefits from proximity to a motel and a retail strip center, ensuring high foot and vehicle traffic. The seller is open to considering lease options in addition to a sale at $440,000. This presents a unique opportunity for entrepreneurs seeking a well-situated, high-traffic commercial space in a thriving area. The property's size and location make it an attractive investment for businesses seeking strong visibility and accessibility.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,940 SF
Lot
1.08 ac (47,001 SF)
Zoning code
P-B
APN
447
UPID
US53-5663342
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
-
Baron Finance Car Dealership
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
Foothills Equity Holdings LLC
Foothills Equity Holdings LLC
since 2025
Last sale
$350,000
6 recorded transactions
Zoning & alternative use
P-B · Lincolnton, 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 Lincolnton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincolnton 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,183
Tax year 2023
Assessed value
$406,690
Assessed 2023
Previous assessed
$406,690
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$180,685
Assessed improvement
$226,005
Land market value
$180,685
Improvement market value
$226,005
Total market value
$406,690
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
4,940 SF
Lot
1.08 ac (47,001 SF)
Zoning code
P-B
APN
447
UPID
US53-5663342
Jurisdiction
LINCOLN
Zoning & alternative use
P-B · Lincolnton, NC
Zoning P-B · permitted uses
P-B · Lincolnton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincolnton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Foothills Equity Holdings LLC
Entity
Mailing address
115 LABANS LN, LINCOLNTON, NC 28092-8768
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
$350,000
Foothills Equity Holdings LLC
Aerostar Finance INC
Warranty Deed
$377,500 · Fifth Third Bank NA
Oct 7, 2022
$743,000
C & M Land Company
Michael W Baker
Warranty Deed
—
Oct 21, 2016
$320,000
Aerostar Finance INC
Fisher,william E
Warranty Deed
related
$322,785 · Peoples Bk
Feb 11, 2016
$1,450,000
Jai Ambe Hospitality LLC
Nbd Investment LLC
Warranty Deed
$1,285,000 · Bank Of Nc
Sep 29, 2011
—
William E Fisher
Morrell,darlene A
Warranty Deed
related
—
Dec 19, 2006
$130,000
Farrell W Morrell
Motz,bobby A & Judy
Warranty Deed
—
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.
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