Property profile

303 1st St Albemarle, NC 28001

OFF-MARKET
Investment properties
Property ID
US53-0922720
1,134 SF 0.12 ac lot Built 1935
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1935
Total area 1,134 SF
Lot 0.12 ac (5,227 SF)
Zoning code RO
APN 654801263005
UPID US53-0922720

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
  • Insurance Agency

Location

303 1st St Albemarle, NC 28001-3904
Albemarle metro Census 931204 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2019
1 recorded transaction
2019
$42,000

Zoning & alternative use

RO · Albemarle, NC
Zoning description

Non-residential uses are also allowed in the R-4 district with approval. Generally, uses found in other residential districts as well as NBD and RO Districts not requiring drive-thrus or a majority of developed area dedi…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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