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    OFF-MARKET
    Warehouses

    353 Harwood St, Albemarle, NC 28001-4707

    7,850 SF 0.62 ac lot Built 1940
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-0882018
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Alpha Environmental Management Environmental Consultant
    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
    JR Realty Group LLC · 1 yrs held
    JR Realty Group LLC
    since 2025
    1 recorded transaction
    2025
    $335,000
    Zoning & alternative use
    GHBD · Albemarle, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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