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Property profile & analytics
OFF-MARKET
Medical Office Space
109 Penny St, Albemarle, NC 28001-2803
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0587687
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Total area
6,572 SF
Lot
0.4 ac (17,424 SF)
Zoning code
HMD
APN
654801393717
UPID
US53-0587687
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
-
Premier Service of Carolina, Inc Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Premier Service Of Carolina INC · 2 yrs held
Premier Service Of Carolina INC
since 2023
Last sale
$400,000
4 recorded transactions
Zoning & alternative use
HMD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,330
Tax year 2024
Assessed value
$518,816
Assessed 2024
Previous assessed
$518,816
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$53,280
Assessed improvement
$465,536
Land market value
$53,280
Improvement market value
$465,536
Total market value
$518,816
Applied tax rate
500.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1968
Heating
YES
Cooling
YES
Stories
2
Bathrooms
5
Total area
6,572 SF
Lot
0.4 ac (17,424 SF)
Zoning code
HMD
APN
654801393717
UPID
US53-0587687
Jurisdiction
STANLY
Zoning & alternative use
HMD · Albemarle, NC
Zoning HMD · permitted uses
HMD · 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
1968
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.4 ac
Current owner
From public records · entity-resolved
Premier Service Of Carolina INC
Entity
Free & Clear · 2 yrs held
Mailing address
109 PENNY ST, ALBEMARLE, NC 28001-2803
Mailing matches property
Yes
Owner-occupied
Yes
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
Sep 21, 2023
—
Premier Service Of Carolina INC
Premier Services Of The Carolinas L
Intrafamily Transfer
related
—
Apr 20, 2012
—
Premier Services Of Carolinas LLC
—
Trustees Deed
related
$585,000 · Alfred Owens
May 6, 2010
$400,000
Premier Services Of Carolinas LLC
Gaskin,lewis R & Carolyn C
Warranty Deed
$369,000 · Lewis R Gaskin
—
—
Premier Services Of Carolinas LLC
—
Deed Of Trust
related
$888,000 · Suntrust Bank NA
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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