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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24 Main Ave Dr Taylorsville, NC 28681

    • Warehouses
    • 2,238 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Aug 20, 2024
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5038992
    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

    • Warehouses

    Property Details for 24 Main Ave Dr

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.43 lot acres
    Property size
    2,238 SF
    Zone code
    B-1
    Property type
    Warehouses
    APN
    9756
    APU
    9756

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $184,000
      Market price range: $70.8k - $184k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $435,000
      OFFICE BUILDING
      $270,000
      RETAIL STORES
      $190,000
      AUTO REPAIR, GARAGE
      $175,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Taylorsville
    County
    Alexander
    State
    North Carolina
    Longitude
    -81.1747
    Latitude
    35.9226
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN 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
    $1,462
    $65,260
    $78,070
    $143,330
    -
    $65,260
    $78,070
    $143,330

    Comparable in this City

    • Value Estimation
      $245,000
      3,910 SF

      Rommie Ln

      WAREHOUSE, STORAGE • 3,910 SF
      Rommie Ln, Taylorsville, NC 28681
      View Details
    • Value Estimation
      $250,000
      5,400 SF

      Black Oak Rdg Rd

      WAREHOUSE, STORAGE • 5,400 SF
      Black Oak Rdg Rd, Taylorsville, NC 28681
      View Details
    • Value Estimation
      $250,000
      7,200 SF

      6525 Church Rd

      WAREHOUSE, STORAGE • 7,200 SF
      6525 Church Rd, Taylorsville, NC 28681-8210
      View Details
    • Value Estimation
      $225,000
      5,634 SF

      Goble Rd

      WAREHOUSE, STORAGE • 5,634 SF
      Goble Rd, Taylorsville, NC 28681
      View Details
    • Value Estimation
      $250,000
      2,970 SF

      90 Hwy E Hwy

      WAREHOUSE, STORAGE • 2,970 SF
      90 Hwy E Hwy, Taylorsville, NC 28681
      View Details
    • Value Estimation
      $335,000
      20,000 SF

      171 5th SW Ave

      WAREHOUSE, STORAGE • 20,000 SF
      171 5th SW Ave, Taylorsville, NC 28681-3022
      View Details

    Similar Nearby for Sale

    • $450,000
      0.45 Acres

      Former Fire Station Business Space

      Unique commercial property with flexible layout and oversized roll-up doors.
      235 Teague Town Rd, Taylorsville, NC 28681
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    • Contact for pricing
      0.68 Acres

      Taylorsville Commercial Land Parcel

      0.68-acre commercial lot, prime location.
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    • $425,000
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      Taylorsville Office Building - Hwy 16

      Prime Taylorsville Office Space, High Visibility
      545 Nc 16 Hwy, Taylorsville, NC 28681
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    • $310,000
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      Taylorsville Commercial Land Investment

      High-traffic location, development potential.
      9b Main Ave, Taylorsville, NC 28681
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    • $425,000
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      Historic Taylorsville Commercial Gem

      2.39 Acres, Historic Mill & Block Building
      53 2Nd Ave, Taylorsville, NC 28681
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    • Contact for pricing
      1.90 Acres

      Taylorsville Vacant Land Auction

      1.9± acre property with utilities, offered at online auction.
      21 Hickory Dr, Taylorsville, NC 28681
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      66,750 SF

      Taylorsville Warehouse Space Available

      66,750 SF warehouse space for sublease in Taylorsville, NC.
      804 Old Landfill Rd, Taylorsville, NC 28681
      View Details
    • $250 SF/Yr
      13,068 SF

      Taylorsville Commercial Storage Area

      Open storage area for lease in Taylorsville, North Carolina.
      214 Town Aly, Liledown, NC 28681
      View Details
    • $600 /Mo
      13,504 SF

      Taylorsville Commercial Parking Lot Space

      Paved parking lot and drive-thru teller space for rent.
      15 W Main Ave, Taylorsville, NC 28681
      View Details
    • $2,000 /Mo
      3,049 SF

      Updated Commercial Space in Taylorsville

      Versatile commercial space suitable for office or retail use.
      214 Main Avenue Dr, Taylorsville, NC 28681
      View Details
    • $2,600 /Mo
      24,394 SF

      Former Bank Building in Taylorsville

      Former bank building on a busy corner with drive-thru access.
      21 Main Avenue Dr, Taylorsville, NC 28681
      View Details
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    24 Main Ave Dr
    Taylorsville, NC 28681
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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