225 Depot St Albemarle, NC 28001
- Manufacturing properties
- 219,392 SF
- 17.76 lot acres
Current Use by Public Records
- American Fiber & Finishing Inc / Manufacturer
Property Details for 225 Depot St
- Year built
- 1924
- Lot size
- 17.76 lot acres
- Property size
- 219,392 SF
- Zone code
- MULTIPLE
- Property type
- Manufacturing properties
- APN
- 654801153890
- APU
- 654801153890
Description
This exceptional industrial property in Albemarle, NC, presents a unique investment opportunity. Located at 225 N Depot St, this expansive 400,000 square foot facility sits on 17 acres of land and comprises 15 buildings. The property offers a diverse range of industrial space, encompassing manufacturing, flex, warehouse, and distribution capabilities, making it suitable for a variety of businesses. Currently, 200,000 square feet of space is available for lease, with individual units ranging from 10,000 to 200,000 square feet. The buildings feature clear heights ranging from 12 to 15 feet, providing ample vertical space for storage and operations. The property includes four loading docks, elevators, and is equipped with 3-phase power, accommodating heavy machinery. Fully fenced with ample parking, the property benefits from a prime location in Albemarle, offering easy access to major roadways, including Highway 49. Built in 1924, the property offers a blend of established infrastructure and significant potential for modernization and expansion. The property is currently multi-tenant. This is an ideal opportunity for investors seeking a substantial industrial portfolio in a strategically advantageous location. The property features fully conditioned office spaces and restrooms within the warehouse space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $905,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $720,000
- 6.5%
- $635,000
- 7%
- $715,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $690,000
- Geo Method
- $585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $820,000
- Retail
- $635,000
- Mixed-Use
- $815,000
- Hospitality
- $635,000
- Educational
- $595,000
- Residential Income
- $680,000
- Energy
- $645,000
- Income-Based Land
- $720,000
- Food Service
- $595,000
Location Insight
- Map
- Local Demand
- City
- Albemarle
- County
- Stanly
- State
- North Carolina
- Longitude
- -80.2027
- Latitude
- 35.3533
- CBSA code
- 10620
- CBSA name
- ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
