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    Property profile & analytics

    135 Main St Albemarle, NC 28001

    • Turn key restaurants
    • 6,130 SF
    • 0.07 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    $605,000
    Last Sale
    Jul 11, 2023
    $605,000
    Location Intelligence
    Property ID
    US53-5648821
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tiffany's At The Boardroom / Event Venue / Live Music Venue

    Property Details for 135 Main St

    Year built
    1913
    Lot size
    0.07 lot acres
    Property size
    6,130 SF
    Zone code
    CBD
    Property type
    Turn key restaurants
    APN
    654803244590
    APU
    654803244590

    Description

    This exceptional three-story commercial property, located at 135 & 141 W. Main St. in the heart of downtown Albemarle, North Carolina, offers 10,340 square feet of versatile space ideal for a variety of uses. Built in 1913, this single-tenant building sits on a 0.07-acre lot and features a well-established layout perfect for a restaurant or similar business. The main floor, previously a restaurant, boasts a fully equipped kitchen, ready for immediate occupancy. The second floor presents a significant opportunity for expansion, potentially as an event space or a unique speakeasy concept. A full basement provides ample storage. The property's address is 135 W Main St, Albemarle, NC 28001, with the APN 6548-03-24-4590 in Stanly County. This is a rare chance to acquire a substantial, historically significant building in a thriving downtown area. The property's size and layout offer significant potential for a creative and successful business venture. The building's three stories provide ample space for various uses, and its central location ensures high visibility and accessibility. This is a turnkey opportunity for a restaurant or other commercial enterprise seeking a unique and established location in Albemarle.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $610,000
      6.5%
      $600,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $575,000
      Geo Method
      $545,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $700,000
      Retail
      $590,000
      Mixed-Use
      $785,000
      Hospitality
      $580,000
      Educational
      $770,000
      Residential Income
      $720,000
      Energy
      $795,000
      Income-Based Land
      $650,000
      Food Service
      $805,000

    Location Insight

    • Map
    • Local Demand
    City
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.199
    Latitude
    35.3501
    CBSA code
    10620
    CBSA name
    ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,844
    $11,664
    $203,816
    $215,480
    -
    $11,664
    $203,816
    $215,480

    Comparable in this City

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      1705 Main St

      RESTAURANT • 1,040 SF
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      140 Hwy 740th E Byp

      RESTAURANT • 4,190 SF
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    • Value Estimation by Request
      8,124 SF

      304 Main St

      RESTAURANT • 8,124 SF
      304 Main St, Albemarle, NC 28001-4922
      View Details

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    Similar Nearby for Lease

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    135 Main St
    Albemarle, NC 28001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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