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    Property profile & analytics

    612 Main St Locust, NC 28097

    • Commercial real estate
    • 8,400 SF
    • 0.57 lot acres
    For Sale
    View listing
    $650,000
    Value Estimation
    Location Intelligence
    Property ID
    US53-1373302
    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

    • The Carousel Horse Antiques / Antique Store

    Property Details for 612 Main St

    Year built
    1954
    Lot size
    0.57 lot acres
    Property size
    8,400 SF
    Zone code
    HC
    Property type
    Commercial real estate
    APN
    557503212780
    APU
    557503212780

    Description

    This exceptional retail property, located at 612 W Main Street in Locust, NC, presents a unique investment opportunity. The building, constructed in 1954, boasts approximately 8,400 square feet of space and sits on a half-acre lot. Its prominent stone front and concrete block construction provide a solid foundation for a variety of businesses. A large, attractive glassed storefront window ensures excellent visibility for potential customers. Currently operating as an antique store under a month-to-month lease, this property offers immediate income potential or the chance to implement your own business vision. The location is highly desirable, situated just 12 miles from I-485, providing easy access to a larger regional market. Benefit from the high traffic volume, with an estimated 28,000 vehicles passing daily. This property is ready for immediate occupancy and offers significant potential for growth and return on investment. Showings are by appointment only. The asking price is $650,000. Don't miss this chance to own a piece of Locust's thriving commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $415,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $360,000
      Mixed-Use
      $380,000
      Hospitality
      $365,000
      Educational
      $395,000
      Residential Income
      $355,000
      Energy
      $370,000
      Income-Based Land
      $335,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Locust
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.4329
    Latitude
    35.2574
    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
    $2,825
    $168,168
    $91,004
    $259,172
    -
    $168,168
    $91,004
    $259,172

    Comparable in this City

    • Value Estimation by Request
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      16382 Substation Rd

      COMMERCIAL (GENERAL) • 3,488 SF
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    • Value Estimation by Request

      James Ave

      Land
      0 James Ave, Locust, NC 28097
      View Details
    • Value Estimation
      $195,000
      1.01 Acres

      112 Beverly Dr

      COMMERCIAL (GENERAL) • 1.01 Acres
      112 Beverly Dr, Locust, NC 28097-9612
      View Details

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    612 Main St
    Locust, NC 28097
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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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