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Property profile & analytics
OFF-MARKET
Warehouses
1420 Main St, Albemarle, NC 28001
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1830063
Property summary
AI-generated overview
This exceptional 2100 square foot commercial building presents a rare opportunity in Albemarle, NC. Situated on a 0.68-acre lot at 1420 E Main Street, the property enjoys a highly desirable location within the General Highway Business district. Its strategic placement between the vibrant downtown area, the bustling East side commercial corridor, and the recently upgraded four-lane Highway 24/27 ensures maximum exposure and accessibility. This prime location offers unparalleled visibility to a large volume of daily traffic, making it ideal for a wide range of businesses. The building itself offers ample space for various commercial uses, providing flexibility for potential tenants or owners. The 0.68-acre lot provides ample parking and potential for future expansion or outdoor amenities. Given its size, location, and accessibility, this property represents a significant investment opportunity in a growing and dynamic area. Don't miss this chance to secure a prominent presence in a thriving commercial hub. The asking price is $220,000. Serious inquiries are encouraged.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
2,100 SF
Lot
0.67 ac (29,185 SF)
Zoning code
MULTIPLE
APN
654804945872
UPID
US53-1830063
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
-
Allstate Harris Agency Insurance Agency
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
The Fidelity Bank · 3 yrs held
The Fidelity Bank
since 2022
Last sale
$143,000
3 recorded transactions
Zoning & alternative use
MULTIPLE · 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
$426
Tax year 2024
Assessed value
$34,899
Assessed 2024
Previous assessed
$34,899
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$18,331
Assessed improvement
$16,568
Land market value
$18,331
Improvement market value
$16,568
Total market value
$34,899
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,100 SF
Lot
0.67 ac (29,185 SF)
Zoning code
MULTIPLE
APN
654804945872
UPID
US53-1830063
Jurisdiction
STANLY
Zoning & alternative use
MULTIPLE · Albemarle, NC
Zoning MULTIPLE · permitted uses
MULTIPLE · 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
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
The Fidelity Bank
Entity
Free & Clear · 3 yrs held
Mailing address
900 COLONIAL DR, ALBEMARLE, NC 28001-2915
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 19, 2022
—
The Fidelity Bank
Mallard Point Investments LLC
Correction Deed
related
—
Apr 20, 2022
$143,000
Mallard Point Investments LLC
John L Carpenter JR
Warranty Deed
$100,000 · The Fidelity Bank
Feb 19, 2009
$44,000
John L Carpenter JR.
Piedmont Electrical Contractor
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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