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    Property profile & analytics

    705 Leonard Ave Albemarle, NC 28001

    • Drive through restaurants
    • 2,346 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-1182096
    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

    • Hardee's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 705 Leonard Ave

    Year built
    2007
    Lot size
    1.06 lot acres
    Property size
    2,346 SF
    Zone code
    GHBD
    Property type
    Drive through restaurants
    APN
    654804912786
    APU
    654804912786

    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
    -80.1761
    Latitude
    35.3428
    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
    $9,900
    $450,500
    $360,998
    $811,498
    -
    $450,500
    $360,998
    $811,498

    Comparable in this City

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      DRIVE-THRU RESTAURANT, FAST FOOD • 3,388 SF
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    • 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
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    • Value Estimation by Request
      2,994 SF

      818 Nc 24th 27th E Byp

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,994 SF
      818 Nc 24th 27th E Byp, Albemarle, NC 28001-5350
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    • Value Estimation
      $580,000
      3,708 SF

      1415 Us 52nd N

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,708 SF
      1415 Us 52nd N, Albemarle, NC 28001-2601
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    • Value Estimation by Request
      1,638 SF

      731 Nc 24th 27th E Byp

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,638 SF
      731 Nc 24th 27th E Byp, Albemarle, NC 28001-5349
      View Details
    • Value Estimation by Request
      2,578 SF

      716 Nc 24th 27th E Byp

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,578 SF
      716 Nc 24th 27th E Byp, Albemarle, NC 28001-5348
      View Details

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    Similar Nearby for Lease

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      High-traffic retail space available now.
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      Move-In Ready Office/Retail Space

      Versatile 1,850 SF space suitable for office or retail.
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    Property Visit Statistics

    • Visits by month
      13.3k
    • Visitors by month
      8.8k
    • Avg Time on site
      15 min
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    705 Leonard Ave
    Albemarle, NC 28001
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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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