Financial
Distress signals
Property profile

607 S Main St King, NC 27021

FOR LEASE
Other commercial real estate
Property ID
US53-2873886
6,000 SF 0.14 ac lot Built 1974
Last sale May 2019 · $355,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A highly visible commercial space of approximately 6,450 square feet located within King Shopping Center on Main Street. The property is zoned B-2 and is configured with an open layout that allows for flexible interior build-out to support a range of uses, including office, martial arts or fitness studio, event or training center, restaurant, and kid or adult entertainment or game concepts. The space has frontage and access tied to Main Street and is positioned for convenient connectivity to the Hwy 52 / I-74 corridor (less than 0.5 mile away).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$321k
Assessed land$160k
Assessed improvement$161k
Effective rate1.18%

Value estimate

· Sep 2026
$270k
$243k – $297k
Submarket $/SF estimate$501k
NOI build-up
Gross scheduled income$322k
Vacancy & credit loss−$9k
Operating expenses−$94k
NOI · 1,370,031.25% cap applied$219k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$111/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$75 – $164
Qualifying comparables7

Cap rate analysis

How does the asset earn?
1,370,031.25%
$219k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-2
The intent of the B-2 general business district is to provide areas along the thoroughfares and collector streets for commercial uses, pa...
General categoryCOMMERCIAL
JurisdictionSTOKES

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.5
Convenience Store9.4
Skin Care Clinic9.2

Location

607 S Main St King, NC 27021
County assessor Recorded deeds · 9 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
113 King, King, NC 27021-9160 $240,000 Feb 2025 3,688 SF
117 Main, King, NC 27021-9011 $540,000 Nov 2024 5,772 SF
115 Dalton, King, NC 27021-8725 $575,000 Mar 2024 4,379 SF
117 Ingram, King, NC 27021-8205 $400,000 Feb 2024 3,216 SF
103 Dalton, King, NC 27021-8725 $80,000 Jun 2023 4,999 SF
111 Angela, King, NC 27021-8513 $442,500 Feb 2023 3,072 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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