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Property profile & analytics
OFF-MARKET
Turn key restaurants
139 1st St, Albemarle, NC 28001-4804
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5488218
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1984
Total area
2,640 SF
Lot
0.28 ac (12,197 SF)
Zoning code
CBD
APN
654803241857
UPID
US53-5488218
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
-
First Street Dinette Restaurant
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
Mark A Williams · 1 yrs held
Mark A Williams
since 2025
3 recorded transactions
Zoning & alternative use
CBD · 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
$2,398
Tax year 2024
Assessed value
$181,639
Assessed 2024
Previous assessed
$181,639
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$22,230
Assessed improvement
$159,409
Land market value
$22,230
Improvement market value
$159,409
Total market value
$181,639
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1984
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,640 SF
Lot
0.28 ac (12,197 SF)
Zoning code
CBD
APN
654803241857
UPID
US53-5488218
Jurisdiction
STANLY
Zoning & alternative use
CBD · Albemarle, NC
Zoning CBD · permitted uses
CBD · 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
1984
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Mark A Williams
Individual
Mailing address
2125 BERRYHILL CIR SE, SMYRNA, GA 30082-4748
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 19, 2025
$500,000
Mark A Williams
Kathi M Laxton
Warranty Deed
$425,000 · Harvest Small Business Finance LLC
Oct 21, 2016
$150,000
Kathi M Laxton
Smith,joe E & Lorraine M
Warranty Deed
—
Jan 23, 2008
$150,500
Joe E Smith
Varner,david L & Debra L
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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