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Property profile & analytics
OFF-MARKET
Medical Office Space
255 2nd St Albemarle, NC 28001-3939
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-1422814
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1951
Total area
3,157 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CBD
APN
654801257923
UPID
US53-1422814
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
-
Jihun Moon, DDS, PLLC Dental Office
-
Hollis Becky Dental Office
-
Bill Carlton Burnside Dental Office
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
Jm Dental Properties LLC · 13 yrs held
Jm Dental Properties LLC
since 2013
1 recorded transaction
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
$2,403
Tax year 2024
Assessed value
$182,056
Assessed 2024
Previous assessed
$182,056
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$19,305
Assessed improvement
$162,751
Land market value
$19,305
Improvement market value
$162,751
Total market value
$182,056
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1951
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
3,157 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CBD
APN
654801257923
UPID
US53-1422814
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
1951
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jm Dental Properties LLC
Entity
Mailing address
255 N 2ND ST, ALBEMARLE, NC 28001-3939
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
May 30, 2013
$180,000
Jm Dental Properties LLC
Burnside,bill C & Mildred F L
Warranty Deed
$153,000 · Bank Of America
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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