Property profile

00 Main St W Locust, NC 28097

FOR SALE
Other commercial real estate
Property ID
US53-4048023
0.22 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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00 Main St W, Locust, NC 28097 For Sale
$500,000
00 Main St W, Locust, NC 28097
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Property summary

AI-generated overview

The property is vacant land located on the incoming side of Locust along a five-lane highway corridor. It has exposure to passing traffic with a reported traffic count exceeding 22,000 vehicles per day and includes some existing trees that could be harvested for timber. Public utilities for water, sewer, and natural gas are available subject to tap-fee payments. The site is positioned for potential rezoning, and the building-ready utility connections are contingent on applicable tap fees.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.22 ac (9,583 SF)
Zoning code CC
APN 557503428505
UPID US53-4048023

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

00 Main St W Locust, NC 28097
Locust metro Census 930801 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2022
$750,000
2016
$375,000

Zoning & alternative use

CC · Locust, NC
Zoning description

CC (CD): City Center District (Conditional District) Mixed Use HC (CD): Highway Commercial District (Conditional District) Commercial RC (RC): Regional Commercial District (Conditional) Commercial LHC (CD): Light Highway…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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