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Property profile & analytics
OFF-MARKET Estimated value $1,375,000
Manufacturing properties

225 Depot St Albemarle, NC 28001-3914

219,392 SF 17.76 ac lot Built 1924
Individually Owned 1-yr Hold Free & Clear
Property ID
US53-1348324
Property summary
AI-generated overview

This exceptional industrial property in Albemarle, NC, presents a unique investment opportunity. Located at 225 N Depot St, this expansive 400,000 square foot facility sits on 17 acres of land and comprises 15 buildings. The property offers a diverse range of industrial space, encompassing manufacturing, flex, warehouse, and distribution capabilities, making it suitable for a variety of businesses. Currently, 200,000 square feet of space is available for lease, with individual units ranging from 10,000 to 200,000 square feet. The buildings feature clear heights ranging from 12 to 15 feet, providing ample vertical space for storage and operations. The property includes four loading docks, elevators, and is equipped with 3-phase power, accommodating heavy machinery. Fully fenced with ample parking, the property benefits from a prime location in Albemarle, offering easy access to major roadways, including Highway 49. Built in 1924, the property offers a blend of established infrastructure and significant potential for modernization and expansion. The property is currently multi-tenant. This is an ideal opportunity for investors seeking a substantial industrial portfolio in a strategically advantageous location. The property features fully conditioned office spaces and restrooms within the warehouse space.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1924
Total area 219,392 SF
Lot 17.76 ac (773,626 SF)
Zoning code MULTIPLE
APN 654801153890
UPID US53-1348324
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
  • American Fiber & Finishing Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$905k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.85M
Blend (final) Blend
$1.38M
Owner & transaction history
Jeffery L Cummings · 1 yrs held
Jeffery L Cummings
since 2025
5 recorded transactions
2025
$2,000
2025
$100,000
2009
$1,000
2007
Price N/A
1969
Price N/A
Zoning & alternative use
MULTIPLE · Albemarle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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