Back to Search
Property profile & analytics
OFF-MARKET
Retail space
127 Main St Albemarle, NC 28001-4815
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-0884458
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1908
Total area
4,694 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD
APN
654803245449
UPID
US53-0884458
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
-
Starnes Jewelers (Bike/Boat/Book/etc) Store
-
Starnes Bramlett Jewelers (Bike/Boat/Book/etc) Store
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
Patricia S Bramlett · 1 yrs held
Patricia S Bramlett
since 2024
1 recorded transaction
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
$1,232
Tax year 2024
Assessed value
$93,324
Assessed 2024
Previous assessed
$93,324
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$10,800
Assessed improvement
$82,524
Land market value
$10,800
Improvement market value
$82,524
Total market value
$93,324
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
1908
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
4,694 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD
APN
654803245449
UPID
US53-0884458
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
1908
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Patricia S Bramlett
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 1175, ALBEMARLE, NC 28002-1175
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
—
Patricia S Bramlett
Judith S Brasington
Intrafamily Transfer
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 127 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
