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Property profile & analytics
OFF-MARKET
Medical Office Space
325 2nd St Albemarle, NC 28001-3908
Individually Owned
8-yr Hold
Free & Clear
Property ID
US53-0885987
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Total area
2,400 SF
Lot
0.47 ac (20,473 SF)
Zoning code
RO
APN
654801267330
UPID
US53-0885987
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
-
Owen Kenneth D DDS Dental Office
-
Ascension Float Therapy & Spa Alternative Medicine Practice Spa & Massage Center
-
Second Street Presbyterian Church
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
David E Scarboro · 8 yrs held
David E Scarboro
since 2017
2 recorded transactions
Zoning & alternative use
RO · 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
$2,332
Tax year 2024
Assessed value
$176,653
Assessed 2024
Previous assessed
$176,653
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$43,290
Assessed improvement
$133,363
Land market value
$43,290
Improvement market value
$133,363
Total market value
$176,653
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
1959
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
2,400 SF
Lot
0.47 ac (20,473 SF)
Zoning code
RO
APN
654801267330
UPID
US53-0885987
Jurisdiction
STANLY
Zoning & alternative use
RO · Albemarle, NC
Zoning RO · permitted uses
RO · 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
1959
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.47 ac
Current owner
From public records · entity-resolved
David E Scarboro
Individual
Free & Clear · 8 yrs held
Mailing address
PO BOX 1875, ALBEMARLE, NC 28002-1875
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2017
$93,500
David E Scarboro
Owen Kenneth D SR
Warranty Deed
—
—
—
Kenneth D Owen
—
Deed Of Trust
related
—
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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