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    Property profile & analytics

    401 1st St Albemarle, NC 28001-5716

    • Investment properties
    • 1,406 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 12, 2020
    Location Intelligence
    Property ID
    US53-0641097
    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

    • Beautifully You / Spa

    Property Details for 401 1st St

    Year built
    1938
    Lot size
    0.27 lot acres
    Property size
    1,406 SF
    Zone code
    GHBD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    654803234230
    APU
    654803234230

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.1991
    Latitude
    35.3465
    CBSA code
    10620
    CBSA name
    ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA

    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
    2024
    $1,200
    $25,974
    $72,378
    $98,352
    -
    $25,974
    $72,378
    $98,352

    Comparable in this City

    • Value Estimation by Request
      1,134 SF

      303 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,134 SF
      303 1st St, Albemarle, NC 28001-3904
      View Details
    • Value Estimation by Request
      1,092 SF

      345 Depot St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,092 SF
      345 Depot St, Albemarle, NC 28001-3916
      View Details
    • Value Estimation by Request
      1,232 SF

      1631 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,232 SF
      1631 Main St, Albemarle, NC 28001-5327
      View Details
    • Value Estimation by Request
      1,284 SF

      1111 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,284 SF
      1111 Main St, Albemarle, NC 28001-5101
      View Details
    • Value Estimation by Request
      2,820 SF

      1433 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,820 SF
      1433 Main St, Albemarle, NC 28001-5235
      View Details
    • Value Estimation
      $335,000
      1,959 SF

      339 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,959 SF
      339 1st St, Albemarle, NC 28001-3904
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces with excellent visibility and easy access.
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      Albemarle Industrial Portfolio Opportunity

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      Prime commercial space with excellent frontage on NC 24.
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      Albemarle Warehouse/Distribution Space Available

      Flexible warehouse and distribution space with highway access.
      1735 Woodhurst Ln, Albemarle, NC 28001
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      3,773 SF

      Albemarle Warehouse/Flex Space Available

      Warehouse/flex space with highway access near downtown Albemarle.
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    • $15 SF/Yr
      5,150 SF

      Downtown Albemarle Restaurant Opportunity

      Three-story restaurant space in downtown Albemarle, North Carolina.
      135-141 W Main St, Albemarle, NC 28001
      View Details
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    401 1st St
    Albemarle, NC 28001-5716
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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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