Commercial Real Estate Market in Albemarle, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
81 active listings and 927 off-market properties in Albemarle, NC. Commercial property asks $325/SF to buy and $4.00/SF/Yr to lease.
Market Trends
Albemarle, NC spans 131.4 square miles in Stanly County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Albemarle, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Albemarle, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Albemarle, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Albemarle, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 64.4%
- Industrial 14.2%
- Commercial 12.5%
- Civic 3.1%
- Mixed use 1.3%
Largest Zones share of zoned land by district
General Residential District Low Density
Neighborhood Residential District Medium Density
Heavy Industrial District
General Highway Business District
Light Industrial District
Albemarle, NC zones 11,784 acres across 20 districts. Commercial zoning covers 12.5% of zoned land, residential 64.4% and industrial 14.2%. The largest single district is General Residential District Low Density at 53.4%. For commercial buyers the practical constraint is that only 26.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Albemarle, NC has 27,185 residents in 12,847 households. Density runs 207 people per square mile. Median household income here is $55,610 and median gross rent $823 a month.
27,185
Population
12,847
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
88%
High-School Grad
131.4 sq mi
ZIP Area
207
Density / Sq Mi
$55,610
Median Household Income
$36,684
Median Earnings
$823
Median Rent
$194,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Porter | — | — |
| Palestine | — | — |
| Millingport | — | — |
| Badin Lake | — | — |
Commercial property in Albemarle, NC asks $325/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Albemarle?
Commercial property in Albemarle, NC asks an average of $325 per square foot. The 5 most recent recorded sales traded at a median of $67/SF, so asking sits 388% above the achieved median.
How much does it cost to lease commercial space in Albemarle?
Asking lease rates in Albemarle, NC average $4.00 per square foot per year.
What zoning applies to commercial property in Albemarle?
Albemarle, NC zones 11,784 acres across 20 districts, of which 12.5% is commercial and 14.2% industrial. The largest single district is General Residential District Low Density at 53.4% of zoned land. Residential zoning covers 64.4% and open space 0%.
Where does Realmo's Albemarle market data come from?
Realmo compiles Albemarle, NC figures from 5 recent recorded sales, 76 active sale listings, 5 active lease listings, 927 tracked off-market properties, the current Albemarle zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 76 active for-sale and 5 active for-lease listings in Albemarle, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 11,784 zoned acres across 20 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
