Technical
Financial
Distress signals
Property profile

353 Harwood St Albemarle, NC 28001

OFF-MARKET
Warehouses
Property ID
US53-0882018
7,850 SF 0.62 ac lot Built 1940
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 353 Harwood Street, Albemarle, NC, presents a unique investment opportunity. The main building, a historically significant brick structure formerly housing the Pepsi Cola Company, boasts a substantial 4900 square feet. Approximately 1450 square feet is dedicated to office space, ideal for administrative functions or a comfortable client area. The remaining space comprises a spacious warehouse, garage, and shop area, totaling 3450 square feet, perfect for storage, manufacturing, or light industrial use. A recently installed synthetic white roof significantly reduces summer heat, lowering energy costs. This section features a separate entrance, allowing for independent operation. Attached is a heated warehouse/garage/shop space of 2850 square feet. Adding to the property's versatility is an adjacent lot containing a 576 square foot garage/storage building with a convenient roll-up door. The property benefits from easy access to major roadways, including Highways 52, 24/27, and 73, ensuring excellent accessibility for both employees and clients. Recent interior and exterior painting enhances the property's aesthetic appeal, while updated bathrooms (including one with a shower) provide modern amenities. The 0.62-acre lot offers ample space for expansion or future development. This property is priced at $360,000 and represents a strong potential for a high return on investment.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1940
Total area 7,850 SF
Lot 0.62 ac (27,007 SF)
Zoning code GHBD
APN 653804929994
UPID US53-0882018

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
  • Environmental Consultant

Location

353 Harwood St Albemarle, NC 28001-4707
Albemarle metro Census 931202 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2025
1 recorded transaction
2025
$335,000

Zoning & alternative use

GHBD · Albemarle, NC
Zoning description

7 R-4 Traditional Neighborhood Design District 92.098 R-O Residential-Office Re-Use District 92.099 NBD Neighborhood Business District 92.100 CBD Central Business District 92.101 NS Neighborhood Shopping District 92.102…

General category COMMERCIAL

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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