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Property profile & analytics
OFF-MARKET
Warehouses
217 2nd St, Albemarle, NC 28001
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-5698217
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Total area
10,500 SF
Lot
0.93 ac (40,511 SF)
Zoning code
CBD
APN
654801256529
UPID
US53-5698217
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
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
Gha Autism Supports · 12 yrs held
Gha Autism Supports
since 2014
4 recorded transactions
Zoning & alternative use
CBD · 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
$1,548
Tax year 2024
Assessed value
$117,238
Assessed 2024
Previous assessed
$117,238
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$62,868
Assessed improvement
$54,370
Land market value
$62,868
Improvement market value
$54,370
Total market value
$117,238
Applied tax rate
503.0000
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
1956
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
10,500 SF
Lot
0.93 ac (40,511 SF)
Zoning code
CBD
APN
654801256529
UPID
US53-5698217
Jurisdiction
STANLY
Zoning & alternative use
CBD · Albemarle, NC
Zoning CBD · permitted uses
CBD · 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
1956
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Gha Autism Supports
Individual
Mailing address
PO BOX 2487, ALBEMARLE, NC 28002-2487
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2015
—
Gha Autism Supports
—
Trustees Deed
related
$198,000 · Uwharrie Bk
Jun 2, 2014
$275,000
Gha Autism Supports
Uwharrie Bk
Grant Deed
$488,750 · Uwharrie Bk
Nov 13, 2008
$200,000
Bank Of Stanly
Wallace Family Trust
Warranty Deed
—
Dec 30, 2005
$200,000
Wallace,trust
Bank Of Stanley
Grant 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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