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225 N Depot St, Albemarle, NC 28001
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Property summary
AI-generated overview
Located in Albemarle, North Carolina, this industrial facility includes fully conditioned office areas with restrooms and a large warehouse component. The warehouse sections have clear heights of approximately 12 to 15 feet. The building is served by three-phase electrical power and is suitable for operations requiring larger machinery. The property is fully fenced and includes on-site parking, with access to main roads and proximity to Highway 49. The total building size is approximately 200,000 square feet.
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
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$905k
Owner & transaction history
since 2025
5 recorded transactions
Zoning & alternative use
MULTIPLE · Albemarle, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$905k
Value range
$815k – $996k
±10% around blend
Estimated value / SF
$4 / SF
Confidence
Property data
100
Comparable evidence
60
$815k
blend $905k
$996k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
219,392 SF
Lot area
17.76 ac
Year built
1924
Stories
2
APN
654801153890
Zoning
MULTIPLE
Assessed value
$614,672
Annual tax
$42
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.85M
Range $1.85M – $5.63M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$905k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$615k
Move the market yield to see immediate price impact.
Value / SF
$3
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$39k
$774k
$553k
$430k
$43k
$861k
$615k
$478k
$47k
$947k
$676k
$526k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$42
Tax year 2024
Assessed value
$614,672
Assessed 2024
Previous assessed
$614,672
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$78,699
Assessed improvement
$535,973
Land market value
$78,699
Improvement market value
$535,973
Total market value
$614,672
Applied tax rate
500.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1924
Heating
SPACE
Cooling
YES
Buildings
3
Stories
2
Bathrooms
18
Total area
219,392 SF
Lot
17.76 ac (773,626 SF)
Zoning code
MULTIPLE
APN
654801153890
UPID
US53-1348324
Jurisdiction
STANLY
Zoning & alternative use
MULTIPLE · Albemarle, NCZoning MULTIPLE · permitted uses
MULTIPLE · Albemarle, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1924
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
18
Lot
17.76 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MULTIPLE
Jurisdiction
Albemarle, NC
Recorded code
MULTIPLE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MULTIPLE in Albemarle, NC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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