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    Property profile & analytics
    OFF-MARKET
    Office Spaces

    500 4th St, Albemarle, NC 28001-4024

    2,006 SF 0.39 ac lot Built 1920
    Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-1312063
    Property summary
    AI-generated overview

    This exceptional single-story office building, totaling 2,000 square feet, is situated at 500 N 4th St in Albemarle, NC 28001. The property features four individual suites, with 922 square feet currently available for lease. Completely renovated in 2022, the building offers a modern and efficient workspace. Amenities include a shared lobby with a check-in station, two restrooms, and a shared kitchen, ensuring convenience for tenants. Ample parking is available, with five or more spaces provided. The building does not have an elevator. Utilities are included in the monthly lease rate, making budgeting simple and predictable. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving North Carolina community. The property's central location provides easy access to local amenities and transportation routes. The multiple suite configuration allows for flexibility, accommodating businesses of various sizes. The shared amenities foster a collaborative and professional environment. This turnkey solution eliminates the need for extensive upfront investment in building improvements or utility setup. Contact us today to schedule a viewing and secure your ideal office space.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1920
    Total area 2,006 SF
    Lot 0.39 ac (16,988 SF)
    Zoning code NBD
    APN 654801379246
    UPID US53-1312063
    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
    • Consult One Medical Clinic
    • MEDICATRIX Medical Clinic
    • Alexander Troy E CPA Nursing Home
    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
    James W Ridenhour SR. · 4 yrs held
    James W Ridenhour SR.
    since 2021
    Last sale
    $127,000
    1 recorded transaction
    2021
    $127,000
    Zoning & alternative use
    NBD · Albemarle, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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