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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Warehouses
140 Anderson Rd, Albemarle, NC 28001-8114
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1922132
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Total area
18,000 SF
Lot
4.1 ac (178,596 SF)
Zoning code
LID
APN
655803323276
UPID
US53-1922132
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
-
Albemarle Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.28M
Owner & transaction history
Burleson Square LLC
Burleson Square LLC
since 2025
7 recorded transactions
Zoning & alternative use
LID · Albemarle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+94.0%
Auto repair, garage
$1.5M
+41.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,050,000
Current use
RESTAURANT
$2,035,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,485,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$71 / SF
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
$6,646
Tax year 2024
Assessed value
$544,742
Assessed 2024
Previous assessed
$544,742
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$123,000
Assessed improvement
$421,742
Land market value
$123,000
Improvement market value
$421,742
Total market value
$544,742
Applied tax rate
500.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
18,000 SF
Lot
4.1 ac (178,596 SF)
Zoning code
LID
APN
655803323276
UPID
US53-1922132
Jurisdiction
STANLY
Zoning & alternative use
LID · Albemarle, NC
Zoning LID · permitted uses
LID · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.1 ac
Current owner
From public records · entity-resolved
Burleson Square LLC
Entity
Mailing address
631 BIRDIE LN, NORWOOD, NC 28128-9409
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
$3,082,000
Burleson Square LLC
William F Muto
Warranty Deed
$3,081,561 · Willaiam F Muto Etux
Feb 22, 2022
—
Albemarle Mini Storage Of Stanly Cn
—
Deed
related
$185,000 · First Citizens Bank & Trust Co
Aug 19, 2011
—
William F Muto
—
Trustees Deed
related
$80,000 · Bank Of Stanley
Jul 14, 2006
—
Albemarle Mini-storage Of Stanly
—
Trustees Deed
related
$145,000 · Bank Of Stanley
Oct 13, 2004
—
Albemarle Mini-storage Of Stanly
—
Trustees Deed
related
$493,000 · Bank Of Stanley
—
—
Linda K Muto
—
Deed Of Trust
related
$627,000 · First Citizens Bank & Trust Co
—
—
William F Muto
—
Deed Of Trust
related
$585,000 · Bank Of Stanley
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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