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    398 Albemarle Rd Troy, NC 27371-3206

    • Drive through restaurants
    • 2,270 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-4525434
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 398 Albemarle Rd

    Year built
    1968
    Lot size
    0.59 lot acres
    Property size
    2,270 SF
    Property type
    Drive through restaurants
    APN
    7538 09 15 4601
    APU
    753809154601

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Montgomery
    State
    North Carolina
    Longitude
    -79.9006
    Latitude
    35.3559

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $128,500
    $195,145
    $323,645
    -
    $128,500
    $195,145
    $323,645

    Comparable in this City

    • Value Estimation
      $335,000
      1,320 SF

      829 Albemarle Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,320 SF
      829 Albemarle Rd, Troy, NC 27371-8682
      View Details
    • Value Estimation by Request
      3,621 SF

      422 Albemarle Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,621 SF
      422 Albemarle Rd, Troy, NC 27371-3102
      View Details
    • Value Estimation by Request
      3,488 SF

      322 Albemarle Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,488 SF
      322 Albemarle Rd, Troy, NC 27371-3206
      View Details
    • Value Estimation
      $190,000
      13,140 SF

      401 Main St

      RESTAURANT • 13,140 SF
      401 Main St, Troy, NC 27371-2707
      View Details
    • Value Estimation
      $270,000
      8,233 SF

      1045 Albemarle Rd

      RESTAURANT • 8,233 SF
      1045 Albemarle Rd, Troy, NC 27371-8684
      View Details
    • Value Estimation by Request
      3,996 SF

      703 Albemarle Rd

      RESTAURANT • 3,996 SF
      703 Albemarle Rd, Troy, NC 27371-8681
      View Details

    Similar Nearby for Sale

    • $199,000
      1,350 SF

      Prime Troy Restaurant Space - $199K

      Vacant restaurant, high-traffic location.
      829 Albemarle Rd, Troy, NC 27371
      View Details
    • $275,000
      0.40 Acres

      Downtown Troy Retail Investment

      High-yield retail property with tenants.
      215 Main St, Troy, NC 27371
      View Details
    • $275,000
      0.40 Acres

      Downtown Troy Commercial Property

      Commercial property with multiple retail/office spaces and established renters.
      215 N Main St, Troy, NC 27371
      View Details
    • Contact for pricing
      14.00 Acres

      Wright Way Industrial Property

      ±200,000 SF Industrial Warehouse in Troy, NC
      0 Wright Way, Troy, NC 27371
      View Details
    • $225,000
      3,000 SF

      Prime Troy Commercial Building

      Versatile 3,000 sq ft building, 0.9 acres
      925 Ophir Ave, Troy, NC 27371
      View Details
    • $349,000
      2.50 Acres

      Prime Troy Medical Office Building

      2150 sq ft, 2.5 acres, excellent location
      1001 Main St, Troy, NC 27371
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    Property Visit Statistics

    • Visits by month
      11.1k
    • Visitors by month
      6.2k
    • Avg Time on site
      4 min
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    Troy, NC 27371-3206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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