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Property profile & analytics
OFF-MARKET
Estimated value
$3,425,000
Banks
103 2nd St Albemarle, NC 28001-4803
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0128172
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1990
Total area
11,148 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CBD
APN
654803246689
UPID
US53-0128172
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Home Savings Bank of Albemarle Bank Loan Service
-
Pinnacle Financial Partners Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.43M
Owner & transaction history
Pinnacle Bank · 3 yrs held
Pinnacle Bank
since 2023
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
CBD · Albemarle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albemarle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albemarle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,700,000
ML approach
$2,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.43M
Range $3.08M – $3.77M · ±10% · vs last sale $4.13M (May 2 2023)
Last sale anchor
$4.13M
May 2 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$307 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$29,088
Tax year 2024
Assessed value
$2,203,628
Assessed 2024
Previous assessed
$2,203,628
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$75,658
Assessed improvement
$2,127,970
Land market value
$75,658
Improvement market value
$2,127,970
Total market value
$2,203,628
Applied tax rate
503.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1990
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
5
Total area
11,148 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CBD
APN
654803246689
UPID
US53-0128172
Jurisdiction
STANLY
Zoning & alternative use
CBD · Albemarle, NC
Zoning CBD · permitted uses
CBD · Albemarle, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albemarle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.69 ac
Current owner
From public records · entity-resolved
Pinnacle Bank
Entity
Free & Clear · 3 yrs held
Mailing address
150 N 3RD AVE S STE #4140, NASHVILLE, TN 37201-2011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
—
Pinnacle Bank
Pnb Portfolio Owner LLC
Lease
—
May 2, 2023
$4,131,000
Pnb Portfolio Owner LLC
Pimmacle Bank
Special Warranty Deed
$130,818,000 · Texas Capital Bank NA
Jul 28, 2005
$750,000
Home Svgs Bk Of Albemarle INC Ssb
North Second Street Albemarle
Grant Deed
—
Apr 11, 2005
$1,069,500
North Second Street Albemarle
First States Invtrs 3026 LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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