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    Property profile & analytics

    701 Leonard Ave Albemarle, NC 28001-5257

    • Drive through restaurants
    • 3,550 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 31, 2023
    Location Intelligence
    Property ID
    US53-0972036
    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

    • Zaxby's Chicken Fingers & Buffalo Wings / Chicken Wings Restaurant / Fast Food Restaurant

    Property Details for 701 Leonard Ave

    Year built
    2006
    Lot size
    1.09 lot acres
    Property size
    3,550 SF
    Zone code
    GHBD
    Property type
    Drive through restaurants
    APN
    654804819639
    APU
    654804819639

    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
    -80.1773
    Latitude
    35.3426
    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
    $10,844
    $463,250
    $425,595
    $888,845
    -
    $463,250
    $425,595
    $888,845

    Comparable in this City

    • Value Estimation
      $100,000
      642 SF

      1202 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 642 SF
      1202 Main St, Albemarle, NC 28001-5131
      View Details
    • Value Estimation by Request
      2,448 SF

      826 Nc 24th 27th E Byp

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,448 SF
      826 Nc 24th 27th E Byp, Albemarle, NC 28001
      View Details
    • Value Estimation by Request
      3,071 SF

      824 Nc 24th 27th E Byp

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,071 SF
      824 Nc 24th 27th E Byp, Albemarle, NC 28001-5350
      View Details
    • Value Estimation by Request
      3,772 SF

      646 Nc 24th 27th E Byp

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,772 SF
      646 Nc 24th 27th E Byp, Albemarle, NC 28001-5372
      View Details
    • Value Estimation by Request
      3,388 SF

      1906 Us 52nd N

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,388 SF
      1906 Us 52nd N, Albemarle, NC 28001-8505
      View Details
    • Value Estimation by Request
      3,690 SF

      1720 Us 52nd N

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,690 SF
      1720 Us 52nd N, Albemarle, NC 28001-8503
      View Details

    Similar Nearby for Sale

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      Albemarle Commercial Property - Prime Location

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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.
      800-819 N 1St St, Albemarle, NC 28001
      View Details
    • $15 SF/Yr
      5,150 SF

      Downtown Albemarle Restaurant Opportunity

      Three-story restaurant space in downtown Albemarle, North Carolina.
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    • $15 SF/Yr
      10,340 SF

      Downtown Albemarle Retail Space

      Prime 10,340 SF Restaurant Space Available
      135 Main St, Albemarle, NC 28001
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    • Contact for pricing
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      Albemarle Retail Center Opportunity

      High-traffic retail space available now.
      801 1St St, Albemarle, NC 28001
      View Details
    • $20 SF/Yr
      1,850 SF

      Move-In Ready Office/Retail Space

      Versatile 1,850 SF space suitable for office or retail.
      1954 E Main St, Albemarle, NC 28001
      View Details
    • Contact for pricing

      Retail Space in Albemarle, NC

      25,000 SF retail space available for lease.
      Albemarle, NC 28001
      View Details

    Property Visit Statistics

    • Visits by month
      33.0k
    • Visitors by month
      23.2k
    • Avg Time on site
      16 min
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    701 Leonard Ave
    Albemarle, NC 28001-5257
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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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