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    Property profile & analytics

    1492 Drexel Rd Valdese, NC 28690

    • Warehouses
    • 1,440 SF
    • 2.48 lot acres
    OFF-MARKET
    Value Estimation
    $445,000
    Last Sale
    Oct 23, 2020
    Location Intelligence
    Property ID
    US53-1133278
    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

    • Triple Community Water Corporation / Non-Profit Organization

    Property Details for 1492 Drexel Rd

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    2.48 lot acres
    Property size
    1,440 SF
    Zone code
    LOW DENSITY CONSERV DIST
    Property type
    Warehouses
    APN
    38526
    APU
    38526

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Valdese
    County
    Burke
    State
    North Carolina
    Longitude
    -81.6073
    Latitude
    35.736
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN 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
    $2,815
    $43,500
    $383,025
    $426,525
    -
    $43,500
    $383,025
    $426,525

    Comparable in this City

    • Value Estimation
      $260,000
      10,000 SF

      936 Main W St

      WAREHOUSE, STORAGE • 10,000 SF
      936 Main W St, Valdese, NC 28690
      View Details
    • Value Estimation
      $425,000
      13,370 SF

      100 Morganton NW St

      WAREHOUSE, STORAGE • 13,370 SF
      100 Morganton NW St, Valdese, NC 28690-2258
      View Details
    • Value Estimation by Request
      1,628 SF

      808 Praley SW St

      WAREHOUSE, STORAGE • 1,628 SF
      808 Praley SW St, Valdese, NC 28690-3130
      View Details
    • Value Estimation
      $265,000
      10,000 SF

      1404 Drexel Rd

      WAREHOUSE, STORAGE • 10,000 SF
      1404 Drexel Rd, Valdese, NC 28690-9008
      View Details
    • Value Estimation by Request
      1,176 SF

      311 Cranbrook SE Ave

      WAREHOUSE, STORAGE • 1,176 SF
      311 Cranbrook SE Ave, Valdese, NC 28690
      View Details
    • Value Estimation by Request
      1,152 SF

      1416 Ivory Pass

      WAREHOUSE, STORAGE • 1,152 SF
      1416 Ivory Pass, Valdese, NC 28690
      View Details

    Similar Nearby for Sale

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      34,500 SF

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      Spacious industrial warehouse, recently renovated.
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    • $1,500,000
      1.89 Acres

      Valdese Warehouse: $1.5M

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    • $450,000
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      Valdese Commercial Land - $450K

      Prime .97-acre corner lot, high visibility.
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    • $37,500
      1.24 Acres

      Mountain Land in Valdese, NC

      Wooded 1.24-acre lot perfect for a mountain residence or retreat.
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    • $45,000
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      Land in Gated Community

      Interior lot in Lake Rhodhiss Estates with community amenities.
      436 E Settings Blvd, Valdese, NC 28690
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    • $80,000
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      Valdese Land in Gated Community

      1.25 acre wooded lot in Lake Rhodhiss Estates.
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    Similar Nearby for Lease

    • $3 SF/Yr
      171,799 SF

      Valdese Industrial Building For Lease

      172,000 SF Manufacturing/Warehouse
      720 Main St, Valdese, NC 28690
      View Details
    • Contact for pricing

      Valdese Corner Lot For Rent

      Prime 0.97-acre corner lot in Valdese's retail corridor.
      540 Main St W, Valdese, NC 28690
      View Details
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    Valdese, NC 28690
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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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