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Property profile & analytics
OFF-MARKET
Estimated value
$190,000
Auto shops
250 Main St Albemarle, NC 28001-4920
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5824720
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1930
Total area
3,144 SF
Lot
0.21 ac (9,148 SF)
Zoning code
CBD
APN
654803346415
UPID
US53-5824720
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
-
Stanly Motors Inc Car Dealership
-
Alignment Specialty LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$190k
Owner & transaction history
Terry M Smith · 20 yrs held
Terry M Smith
since 2006
1 recorded transaction
Zoning & alternative use
CBD · Albemarle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ral provisions 92.038 Prohibited signs 92.039 Permit required 92.040 Signs not requiring permits 92.041 Signs permitted in residential districts (R10, R8, R6, R0) 92.042 Signs permitted in the Central Business District (CBD, R4) 92.043 Signs permitted in commercial and industrial districts (GHBD, HMD, MUSCD, NBD, NSD, SCD, LID, HID, I-O) 92.044 Nonconforming…
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
131.61 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
$190k
Range $171k – $209k · ±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
$60 / 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
$923
Tax year 2024
Assessed value
$69,957
Assessed 2024
Previous assessed
$69,957
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$28,142
Assessed improvement
$41,815
Land market value
$28,142
Improvement market value
$41,815
Total market value
$69,957
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1930
Heating
SPACE
Cooling
YES
Stories
1
Bathrooms
2
Total area
3,144 SF
Lot
0.21 ac (9,148 SF)
Zoning code
CBD
APN
654803346415
UPID
US53-5824720
Jurisdiction
STANLY
Zoning & alternative use
CBD · Albemarle, NCZoning CBD · permitted uses
CBD · Albemarle, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ral provisions 92.038 Prohibited signs 92.039 Permit required 92.040 Signs not requiring permits 92.041 Signs permitted in residential districts (R10, R8, R6, R0) 92.042 Signs permitted in the Central Business District (CBD, R4) 92.043 Signs permitted in commercial and industrial districts (GHBD, HMD, MUSCD, NBD, NSD, SCD, LID, HID, I-O) 92.044 Nonconforming signs 92.045 Subdivision and industrial park markers 92.046 Industrial park group
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
131.61 ac
Building & site characteristics
From public records
Year built
1930
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Terry M Smith
Individual
Free & Clear · 20 yrs held
Mailing address
44786 LEDBETTER RD, NEW LONDON, NC 28127-9633
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Jul 17, 2006
$42,000
Terry M Smith
Hahn,david R
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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