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    Mixed-Use Property with Expansion Potential Title is generated by Realmo AI

    1705 US 52 Highway N, Albemarle, NC 28001

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    For Sale
    $379,999

    COMMERCIAL - Albemarle, NC

    Property size:
    2,800 SF
    Lot size:
    1.20 Acres
    Price / SF:
    $135/SF
    Added:
    May 22, 2026
    Days on Market:
    2
    Last Refresh:
    May 23 at 1:06 am

    Property Features for 1705 US 52 Highway N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Parking features
    Driveway, Garage - Detached
    Patio and Porch features
    Porch
    Basement
    Unfinished, Daylight, Walk-Up Access, Walk-Out Access, Partial, Storage Space, Exterior Entry
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Convection Oven, Dishwasher, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator
    Standard status
    Active
    APN
    654901462757
    Size
    2,800 SF
    Lot size
    1.20 Acres

    Taxes and HOA fees

    Tax Description
    DIST:101 CITY/MUNI/TWP:ALBEMARLE TOWNSHIP HSE 1705 US 52 HWY N 654910022

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1930
    Flooring type
    Linoleum, Wood, Carpet
    Building materials
    Brick Partial, Wood
    Roof type
    Composition
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Monica Griffin

    Listing agent Monica Griffin

    Listing office Fathom Realty NC LLC 19701 Bethel Church Rd Suite 103-182, Cornelius, NC

    Listing date May 22, 2026

    MLS# 4385448

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Flexible mixed‑use property with commercial‑friendly zoning.
    • Over 2,800 square feet with a flexible floor plan across two levels.
    • Historic architectural details including tall ceilings, detailed trim, spacious rooms, and original wood flooring.
    • Includes covered parking, a detached garage, and an additional separate lot.
    • Main‑level space with direct access to an expansive covered front porch.
    • Unfinished lower level provides additional storage or future expansion potential.

    Overview

    This mixed-use property offers historic character, functional space, and investment potential. Constructed in the early 1900s, the property features architectural details including tall ceilings, detailed trim work, spacious rooms, and original wood flooring throughout much of the building. The property provides over 2,800 square feet across two levels. The flexible floorplan allows for a variety of commercial and residential possibilities. Multiple large rooms can be utilized as private offices, meeting spaces, client areas, live-work accommodations, boutique business operations, professional services, guest suites, or other income-producing opportunities. The unfinished lower level provides additional storage capacity or future expansion potential. One of the main-level spaces offers direct access to the expansive covered front porch. Exterior features include covered parking, a detached garage, and an additional separate lot that presents opportunities for expansion, development, or added business functionality. Located with commercial-friendly zoning, this property presents versatility for investors, entrepreneurs, office users, short-term rental concepts, mixed-use operations, or those seeking a live/work environment. The property is located in Albemarle, North Carolina, in Stanly County, and includes 1.2 acres of land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.19371
    Latitude
    35.384017

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    FAQs

    What type of property is this?
    Mixed-use property - Unique mixed-use property with historic character and investment potential.
    Where is this mixed-use property located?
    The property is located at 1705 US 52 Highway N Albemarle, NC.
    What is the asking price?
    The asking price for this property is $379,999.
    What are key features of this property?
    This property features: Flexible mixed‑use property with commercial‑friendly zoning.; Over 2,800 square feet with a flexible floor plan across two levels.; **Historic architectural details including tall ceilings, detailed trim, spacious rooms, and original wood flooring.**
    (816) 287-1856
    We can help!
    Listing Contact
    Monica Griffin
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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