Property profile

120 Ludlow St Albemarle, NC 28001

OFF-MARKET
Commercial real estate
Property ID
US53-1967808
2,016 SF 0.21 ac lot Built 1988
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Total area 2,016 SF
Lot 0.21 ac (9,148 SF)
Zoning code GHBD
APN 654801276714
UPID US53-1967808

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor
  • Hospital
  • Counselor
  • Department Store

Location

120 Ludlow St Albemarle, NC 28001-3337
Albemarle metro Census 931204 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2020
Last sale
$170,000
5 recorded transactions
2020
$170,000
2018
Price N/A
2008
$100,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GHBD · Albemarle, NC
Zoning description

7 R-4 Traditional Neighborhood Design District 92.098 R-O Residential-Office Re-Use District 92.099 NBD Neighborhood Business District 92.100 CBD Central Business District 92.101 NS Neighborhood Shopping District 92.102…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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