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Property profile & analytics
OFF-MARKET
Estimated value
$100,000
Auto shops
1624 Main St Albemarle, NC 28001-5328
Individually Owned
7-yr Hold
Free & Clear
Property ID
US53-2142345
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1945
Total area
1,500 SF
Lot
0.17 ac (7,405 SF)
Zoning code
GHBD
APN
655803047483
UPID
US53-2142345
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
-
Los Primos Tires (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$100k
Owner & transaction history
Jeremias Gasga · 7 yrs held
Jeremias Gasga
since 2019
1 recorded transaction
Zoning & alternative use
GHBD · Albemarle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
7 R-4 Traditional Neighborhood Design District 92.098 R-O Residential-Office Re-Use District 92.099 NBD Neighborhood Business District 92.100 CBD Central Business District 92.101 NS Neighborhood Shopping District 92.102 GHBD General Highway Business District 92.103 SCD Shopping Center District 92.104 MUSCD Mixed Use Shopping Center District 92.105 HMD Hospit…
Zone name
General Highway Business District
General category
COMMERCIAL
Zone area
968.77 ac
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
Blend value · Realmo final
$100k
Range $90k – $110k · ±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
$67 / 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
$461
Tax year 2024
Assessed value
$37,786
Assessed 2024
Previous assessed
$37,786
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$8,850
Assessed improvement
$28,936
Land market value
$8,850
Improvement market value
$28,936
Total market value
$37,786
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1945
Heating
SPACE
Stories
1
Bathrooms
1
Total area
1,500 SF
Lot
0.17 ac (7,405 SF)
Zoning code
GHBD
APN
655803047483
UPID
US53-2142345
Jurisdiction
STANLY
Zoning & alternative use
GHBD · Albemarle, NCZoning GHBD · permitted uses
GHBD · Albemarle, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
7 R-4 Traditional Neighborhood Design District 92.098 R-O Residential-Office Re-Use District 92.099 NBD Neighborhood Business District 92.100 CBD Central Business District 92.101 NS Neighborhood Shopping District 92.102 GHBD General Highway Business District 92.103 SCD Shopping Center District 92.104 MUSCD Mixed Use Shopping Center District 92.105 HMD Hospital-Medical Center District 92.106 LID Light Industrial District 92.107 HID Heavy Ind
Zone name
General Highway Business District
General category
COMMERCIAL
Zone area
968.77 ac
Building & site characteristics
From public records
Year built
1945
Heating
SPACE
Stories
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Jeremias Gasga
Individual
Free & Clear · 7 yrs held
Mailing address
1624 E MAIN ST, ALBEMARLE, NC 28001-5328
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2019
$120,000
Jeremias Gasga
Simmons,warren L & Sonja S
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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