Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    214 Main Ave Dr #4 Township of Taylorsville, NC 28681

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    214 Main Ave Dr #4 Township of Taylorsville, NC 28681

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 214 Main Ave Dr #4

    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional 227± sq ft office suite is located in a beautifully renovated building in downtown Taylorsville, North Carolina, directly across from the Alexander County Courthouse. The space is ideal for a variety of professional uses, including law firms, insurance agencies, mortgage companies, or real estate firms. The building itself underwent extensive renovations in 2018, boasting a new roof, two new HVAC units, updated wiring and plumbing, new bathrooms, flooring, and fresh paint throughout. This single-tenant space offers a modern and efficient layout. The building features a unique exterior mural depicting Alexander County's history. For businesses requiring more space, the entire building is also available for lease, encompassing seven spacious offices (three on the main level and four upstairs), each with its own bathroom and water foundation. This freestanding, corner-lot property in Alexander County (zip code 28681) presents a prime opportunity for businesses seeking a prestigious and well-maintained office space in a vibrant downtown setting. The property is a single building and is classified as a Traditional, Medical, and Creative Office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Township of Taylorsville
    County
    Alexander
    State
    North Carolina
    Longitude
    -81.1763
    Latitude
    35.9218

    Comparable in this City

    • Value Estimation by Request

      214 Main Ave Dr #2

      Office Units
      214 Main Ave Dr #2, Township of Taylorsville, NC 28681
      View Details
    • Value Estimation by Request

      214 Main Ave Dr #3

      Office Units
      214 Main Ave Dr #3, Township of Taylorsville, NC 28681
      View Details
    • Value Estimation by Request

      214 Main Ave Dr #6

      Office Units
      214 Main Ave Dr #6, Township of Taylorsville, NC 28681
      View Details
    • Value Estimation by Request
      2,760 SF

      214 Main Ave Dr #1

      Office Units • 2,760 SF
      214 Main Ave Dr #1, Township of Taylorsville, NC 28681
      View Details
    • Value Estimation by Request
      15,920 SF

      50 Macedonia Church Rd

      MEDICAL BUILDING • 15,920 SF
      50 Macedonia Church Rd, Taylorsville, NC 28681-8414
      View Details
    • Value Estimation by Request
      8,720 SF

      174 Bolick Ln

      MEDICAL BUILDING • 8,720 SF
      174 Bolick Ln, Taylorsville, NC 28681-4052
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Taylorsville Medical Office Opportunity

      Renovated 3,100 SF medical office on 0.52 acres.
      60 2Nd Ave SW, Taylorsville, NC 28681
      View Details
    • Contact for pricing
      2,088 SF

      Mixed-Use Property in Downtown Taylorsville

      Mixed-use property with office space and basement apartment in downtown.
      10 1St Ave NW, Taylorsville, NC 28681
      View Details
    • $450,000
      0.45 Acres

      Former Fire Station Business Space

      Unique commercial space with roll-up doors and office areas.
      235 Teague Town Rd, Taylorsville, NC 28681
      View Details
    • $274,900
      1,680 SF

      Freestanding Office Building in Taylorsville

      Well-maintained office building with potential for future growth.
      138 Old Wilkesboro Road Ext, Taylorsville, NC 28681
      View Details
    • $800,000
      98,832 SF

      486 S Center St, Taylorsville, NC 28681

      Warehouses • 98,832 SF
      486 S Center St, Taylorsville, NC 28681
      View Details
    • $282,500

      Taylorsville Car Wash For Sale

      Car wash with six self-wash bays and automatic wash.
      90 Buffett Blvd, Taylorsville, NC 28681
      View Details

    Similar Nearby for Lease

    • $2,600 /Mo
      24,394 SF

      Former Bank Building in Taylorsville

      Former bank building on a busy corner in Taylorsville.
      21 Main Avenue Dr, Taylorsville, NC 28681
      View Details
    • $600 /Mo
      13,504 SF

      Taylorsville Commercial Parking Lot Space

      Paved parking lot space for rent in Taylorsville, NC.
      15 W Main Ave, Taylorsville, NC 28681
      View Details
    • Contact for pricing
      66,750 SF

      Taylorsville Warehouse Space Available

      66,750 SF warehouse space for sublease in Taylorsville, NC.
      804 Old Landfill Rd, Taylorsville, NC 28681
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    214 Main Ave Dr #4
    Township of Taylorsville, NC 28681
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    214 Main Ave Dr #4, Township of Taylorsville, NC, 28681
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!