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Financial
Distress signals
Property profile

632 S Broadway St Forest City, NC 28043

FOR SALE
Commercial land
Property ID
US53-2455928
1,954 SF 0.38 ac lot Built 1943
Last sale Apr 2018 · $300,000
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property comprises three tracts totaling two commercial buildings and one vacant lot, fronting S. Broadway and Sunnyside Street. One building at 652 S. Broadway is configured as an office space with approximately seven private offices, a reception area, and a conference room, and it includes a basement area. A second building at 644 S. Broadway is a walk-up restaurant building with a basement area; it has historically been operated on a month-to-month basis. The third tract at 632 S.…

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.

Debts

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 · 2021

What does the county charge?
$436
Tax billed · 2021
Assessed value · 2023$50k
Assessed land$50k
Effective rate0.88%

Value estimate

· Oct 2026
$215k
$194k – $237k
AI approach$295k
NOI build-up
Gross scheduled income$57k
Vacancy & credit loss−$4k
Operating expenses−$13k
NOI · 7.94% cap applied$40k

Realmo valuation models over county records and 20 qualifying comparable sales.

Recently sold

What actually traded nearby?
$281/SF
ZIP average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$74 – $485
Qualifying comparables20

Cap rate analysis

How does the asset earn?
7.94%
$40k 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?
C3
JurisdictionRUTHERFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.5
Law Firm12.4
Building Supply11.4

Location

632 S Broadway St Forest City, NC 28043
County assessor Recorded deeds · 2 transfers 20 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Boxwood, Forest City, NC 28043 $160,000 May 2024 No data
Morrow, Forest City, NC 28043 $1,300,000 Mar 2023 No data
Nottingham, Forest City, NC 28043 $370,000 Jan 2023 No data
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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