Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    200 Town Aly 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

    200 Town Aly Township of Taylorsville, NC 28681

    View on Map
    • Retail properties & Spaces
    • 3,826 SF
    • 0.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 200 Town Aly

    Year built
    1932
    Lot size
    0.20 lot acres
    Property size
    3,826 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 3,826 square foot building, located at 200 Town Alley in Taylorsville, NC, presents a unique investment opportunity. Built in 1932, this two-story structure sits on a 0.2-acre lot and is zoned B-1, offering versatility for a range of businesses. The property features ample parking and is conveniently located behind 34 W. Main St. The building boasts a large open space, ideal for various uses. The layout includes approximately 1,913 square feet on the upper level and an equal amount in the basement, previously used as a yoga studio. Flexible lease options are available: rent the entire building for $1200 per month, the upper level for $1100 per month, or the lower level for $300 per month. This property is perfect for businesses seeking a blend of historic charm and modern functionality. Taylorsville offers a welcoming small-town atmosphere combined with the amenities of a growing community, including parks, museums, events, retail, educational institutions, and medical facilities. The Alexander County Economic Development Corporation actively supports local economic growth, making this an excellent opportunity for a new or existing business to thrive. The property's APN is 0008137. This is a single-tenant building with significant potential.

    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
    State
    North Carolina
    Longitude
    -81.2078
    Latitude
    35.8974

    Comparable in this City

    • 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

      214 Main Ave Dr #2

      Office Units
      214 Main Ave Dr #2, Township of Taylorsville, NC 28681
      View Details
    • Value Estimation by Request
      2,940 SF

      536 Ellendale Fire Dept Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,940 SF
      536 Ellendale Fire Dept Rd, Taylorsville, NC 28681-7806
      View Details
    • Value Estimation by Request
      2,000 SF

      400 Pop Davis Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,000 SF
      400 Pop Davis Rd, Taylorsville, NC 28681
      View Details
    • Value Estimation by Request
      6,000 SF

      1207 Carrigan Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,000 SF
      1207 Carrigan Rd, Taylorsville, NC 28681-8742
      View Details
    • Value Estimation
      $620,000
      8,500 SF

      674 All Healing Spgs Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,500 SF
      674 All Healing Spgs Rd, Taylorsville, NC 28681-4627
      View Details

    Similar Nearby for Sale

    • $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
    • 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
    • $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
    • $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

    Similar Nearby for Lease

    • $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
    • $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
    • 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.
    200 Town Aly
    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
    200 Town Aly, 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!