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Property profile & analytics
OFF-MARKET
Retail space
119 Main St Albemarle, NC 28001-4815
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1947731
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Total area
9,784 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CBD
APN
654803245580
UPID
US53-1947731
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
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
Tamber Properties LLC · 5 yrs held
Tamber Properties LLC
since 2021
Last sale
$300,000
3 recorded transactions
Zoning & alternative use
CBD · Albemarle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ral provisions 92.038 Prohibited signs 92.039 Permit required 92.040 Signs not requiring permits 92.041 Signs permitted in residential districts (R10, R8, R6, R0) 92.042 Signs permitted in the Central Business District (CBD, R4) 92.043 Signs permitted in commercial and industrial districts (GHBD, HMD, MUSCD, NBD, NSD, SCD, LID, HID, I-O) 92.044 Nonconforming…
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
131.61 ac
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
$2,091
Tax year 2024
Assessed value
$158,429
Assessed 2024
Previous assessed
$158,429
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$21,600
Assessed improvement
$136,829
Land market value
$21,600
Improvement market value
$136,829
Total market value
$158,429
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
9,784 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CBD
APN
654803245580
UPID
US53-1947731
Jurisdiction
STANLY
Zoning & alternative use
CBD · Albemarle, NCZoning CBD · permitted uses
CBD · Albemarle, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ral provisions 92.038 Prohibited signs 92.039 Permit required 92.040 Signs not requiring permits 92.041 Signs permitted in residential districts (R10, R8, R6, R0) 92.042 Signs permitted in the Central Business District (CBD, R4) 92.043 Signs permitted in commercial and industrial districts (GHBD, HMD, MUSCD, NBD, NSD, SCD, LID, HID, I-O) 92.044 Nonconforming signs 92.045 Subdivision and industrial park markers 92.046 Industrial park group
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
131.61 ac
Building & site characteristics
From public records
Year built
1910
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Tamber Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
25116 STRAND DR, ALBEMARLE, NC 28001-8228
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$300,000
Tamber Properties LLC
Robert And Claudia Swanson Living T
Warranty Deed
—
Jul 20, 2018
$155,000
Swanson,robert & Claudia L Trust
Albemarle Improvement LLC
Warranty Deed
—
Jul 19, 2006
$203,000
Albemarle Improvement LLC
Jim Davis Drug Co INC
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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