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Property profile & analytics
OFF-MARKET
Warehouses
429 Salisbury Ave, Albemarle, NC 28001-3351
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1939622
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1953
Total area
8,840 SF
Lot
4.67 ac (203,425 SF)
Zoning code
LID
APN
654801079928
UPID
US53-1939622
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
-
Nance Auction Trade Show Venue (Bike/Boat/Book/etc) Store
-
ClimateMax Heating and Cooling HVAC Service General Contractor
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
Twl Leasing And Management Co · 3 yrs held
Twl Leasing And Management Co
since 2022
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
LID · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,831
Tax year 2024
Assessed value
$150,049
Assessed 2024
Previous assessed
$150,049
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$37,126
Assessed improvement
$112,923
Land market value
$37,126
Improvement market value
$112,923
Total market value
$150,049
Applied tax rate
500.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1953
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
2
Total area
8,840 SF
Lot
4.67 ac (203,425 SF)
Zoning code
LID
APN
654801079928
UPID
US53-1939622
Jurisdiction
STANLY
Zoning & alternative use
LID · Albemarle, NC
Zoning LID · permitted uses
LID · 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.
Building & site characteristics
From public records
Year built
1953
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
4.67 ac
Current owner
From public records · entity-resolved
Twl Leasing And Management Co
Entity
Mailing address
1712 US 52ND N, ALBEMARLE, NC 28001-8503
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
—
Twl Leasing And Management Co
—
Deed
related
$50,000 · Uwharrie Bank
Aug 30, 2023
—
Twl Leasing And Management Co
—
Deed
related
$50,000 · Uwharrie Bank
Sep 23, 2022
$300,000
Twl Leasing And Management Co
Tony A Treece
Warranty Deed
$255,000 · Uwharrie Bank
Jun 2, 2021
$252,500
Tony A Treece
Chucky Lee Nance
Warranty Deed
$202,329 · Chucky Lee Nance Etux
Aug 11, 2020
$24,000
Liberty Property Partners LLC
Chucky L Nance
Warranty Deed
—
Mar 26, 2019
$11,000
Chucky L Nance
Harwood,phillip A & Donna H
Warranty Deed
—
Jan 29, 2019
$8,000
Jennifer R Nance
Almond,cecil J II
Warranty Deed
—
Dec 10, 2018
$24,000
Chucky L Nance
Bowers,debbie M
Warranty Deed
—
Aug 18, 2015
$146,500
Chucky L Nance
Mullins,michael A
Warranty Deed
—
Feb 15, 2011
$191,000
Michael A Mullins
Nance,chucky L & Jennifer R
Warranty Deed
$190,750 · Chucky L & Jennifer R Nance
—
—
Chucky L Nance
—
Deed Of Trust
related
$100,000 · Carl N Huneycutt
—
—
Chuck L Nance
—
Deed Of Trust
related
$165,000 · Bank Of Stanley
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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