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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Office Spaces
350 Pee Dee Ave, Albemarle, NC 28001-4932
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0861833
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1901
Total area
14,842 SF
Lot
1.78 ac (77,537 SF)
Zoning code
CBD
APN
654803441689
UPID
US53-0861833
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
-
Monarch Behavioral Health Outpatient Office - Albemarle Medical Clinic
-
Monarch Nursing Home
-
Adam Cheyunski Physician
-
Sarah B. O'horo-Nash, MSW Physician
-
James M. Cunningham, MA Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.89M
Owner & transaction history
PC & Cb Investments LLC · 4 yrs held
PC & Cb Investments LLC
since 2021
Last sale
$1.8M
7 recorded transactions
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
Method
Estimation
Statistic approach
$1,920,000
ML approach
$1,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,830,000
Current use
RESTAURANT
$1,680,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10% · vs last sale $1.84M (Dec 29 2021)
Last sale anchor
$1.84M
Dec 29 2021
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
$127 / 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
$28,793
Tax year 2024
Assessed value
$2,181,294
Assessed 2024
Previous assessed
$2,181,294
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$115,700
Assessed improvement
$2,065,594
Land market value
$115,700
Improvement market value
$2,065,594
Total market value
$2,181,294
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1901
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
30
Total area
14,842 SF
Lot
1.78 ac (77,537 SF)
Zoning code
CBD
APN
654803441689
UPID
US53-0861833
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1901
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
30
Lot
1.78 ac
Current owner
From public records · entity-resolved
PC & Cb Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
723 PO BOX 1397TH RD, ALBEMARLE, NC 28002-1397
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$1,838,000
PC & Cb Investments LLC
Lillian Mill LLC
Warranty Deed
—
Dec 11, 2020
—
Jss Pee Dee LLC
—
Deed
related
—
Aug 4, 2017
—
Lillian Mill LLC
—
Deed
related
$1,947,500 · Uwharrie Bk
Jun 14, 2007
—
Lillian Mill LLC
Lillian Mill Group LLC
Quit Claim Deed
related
—
—
—
Jss Peee Dee LLC
—
Loan Modification
related
—
—
—
Lillian Mill LLC
—
Loan Modification
related
$1,947,500 · Uwharrie Bk
—
—
Jss Pee Dee LLC
—
Loan Modification
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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