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    Property profile & analytics

    1607 Nc 24th 27th W Byp Albemarle, NC 28001-6415

    • Grocery and convenience stores
    • 2,700 SF
    • 1.95 lot acres
    OFF-MARKET
    Value Estimation
    $2,920,000
    Last Sale
    Oct 06, 2021
    $3,220,000
    Location Intelligence
    Property ID
    US53-1364782
    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

    • Albemarle Oil Co / Convenience Store / Gas Station

    Property Details for 1607 Nc 24th 27th W Byp

    Year built
    2001
    Lot size
    1.95 lot acres
    Property size
    2,700 SF
    Zone code
    GHBD
    Property type
    Grocery and convenience stores
    APN
    653701387741
    APU
    653701387741

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,655,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,245,000
      6.5%
      $3,065,000
      7%
      $3,350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,310,000
      Geo Method
      $2,735,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,635,000
      Retail
      $2,725,000
      Mixed-Use
      $3,485,000
      Hospitality
      $3,550,000
      Educational
      $3,275,000
      Residential Income
      $3,180,000
      Energy
      $2,790,000
      Income-Based Land
      $2,680,000
      Food Service
      $2,655,000

    Location Insight

    • Map
    • Local Demand
    City
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.228
    Latitude
    35.3337
    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
    $6,416
    $195,000
    $330,931
    $525,931
    -
    $195,000
    $330,931
    $525,931

    Comparable in this City

    • Value Estimation by Request
      19,154 SF

      1920 Main St

      GROCERY, SUPERMARKET • 19,154 SF
      1920 Main St, Albemarle, NC 28001-5334
      View Details
    • Value Estimation
      $390,000
      1,774 SF

      199 Nc 24th 27th W Byp

      CONVENIENCE STORE • 1,774 SF
      199 Nc 24th 27th W Byp, Albemarle, NC 28001-5650
      View Details
    • Value Estimation
      $295,000
      2,400 SF

      1211 Pee Dee Ave

      CONVENIENCE STORE • 2,400 SF
      1211 Pee Dee Ave, Albemarle, NC 28001-5142
      View Details
    • Value Estimation
      $300,000
      2,509 SF

      2325 Us 52nd N

      CONVENIENCE STORE • 2,509 SF
      2325 Us 52nd N, Albemarle, NC 28001-8507
      View Details
    • Value Estimation by Request
      33,200 SF

      Nc 2427th Byp

      GROCERY, SUPERMARKET • 33,200 SF
      Nc 2427th Byp, Albemarle, NC 28001
      View Details
    • Value Estimation
      $310,000
      1,526 SF

      1414 Main St

      CONVENIENCE STORE • 1,526 SF
      1414 Main St, Albemarle, NC 28001-5236
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces with excellent visibility and easy access.
      800-819 N 1St St, Albemarle, NC 28001
      View Details
    • New
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      39,204 SF

      High-Visibility Commercial Space Available

      Prime commercial space with excellent frontage on NC 24.
      814 Nc 24/27, Albemarle, NC 28001
      View Details
    • $20 SF/Yr
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      Move-In Ready Office/Retail Space

      Versatile 1,850 SF space suitable for office or retail.
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      View Details
    • Contact for pricing

      Retail Space in Albemarle, NC

      25,000 SF retail space available for lease.
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      View Details
    • $15 SF/Yr
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      Downtown Albemarle Restaurant Opportunity

      Three-story restaurant space in downtown Albemarle, North Carolina.
      135-141 W Main St, Albemarle, NC 28001
      View Details
    • Contact for pricing
      52,230 SF

      Albemarle Retail Center Opportunity

      High-traffic retail space available now.
      801 1St St, Albemarle, NC 28001
      View Details
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    Albemarle, NC 28001-6415
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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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