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Property profile & analytics
OFF-MARKET
Retail space
722 Leonard Ave Albemarle, NC 28001-5250
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2418691
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Total area
5,000 SF
Lot
0.73 ac (31,799 SF)
Zoning code
GHBD
APN
654804817313
UPID
US53-2418691
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
-
Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
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
The Sherwin Williams Company · 2 yrs held
The Sherwin Williams Company
since 2023
3 recorded transactions
Zoning & alternative use
GHBD · Albemarle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
7 R-4 Traditional Neighborhood Design District 92.098 R-O Residential-Office Re-Use District 92.099 NBD Neighborhood Business District 92.100 CBD Central Business District 92.101 NS Neighborhood Shopping District 92.102 GHBD General Highway Business District 92.103 SCD Shopping Center District 92.104 MUSCD Mixed Use Shopping Center District 92.105 HMD Hospit…
Zone name
General Highway Business District
General category
COMMERCIAL
Zone area
968.77 ac
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
$9,716
Tax year 2024
Assessed value
$796,365
Assessed 2024
Previous assessed
$796,365
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$387,812
Assessed improvement
$408,553
Land market value
$387,812
Improvement market value
$408,553
Total market value
$796,365
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Heating
CENTRAL
Cooling
CENTRAL
Bathrooms
2
Total area
5,000 SF
Lot
0.73 ac (31,799 SF)
Zoning code
GHBD
APN
654804817313
UPID
US53-2418691
Jurisdiction
STANLY
Zoning & alternative use
GHBD · Albemarle, NCZoning GHBD · permitted uses
GHBD · Albemarle, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
7 R-4 Traditional Neighborhood Design District 92.098 R-O Residential-Office Re-Use District 92.099 NBD Neighborhood Business District 92.100 CBD Central Business District 92.101 NS Neighborhood Shopping District 92.102 GHBD General Highway Business District 92.103 SCD Shopping Center District 92.104 MUSCD Mixed Use Shopping Center District 92.105 HMD Hospital-Medical Center District 92.106 LID Light Industrial District 92.107 HID Heavy Ind
Zone name
General Highway Business District
General category
COMMERCIAL
Zone area
968.77 ac
Building & site characteristics
From public records
Year built
2010
Heating
CENTRAL
Cooling
Yes
Bathrooms
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
The Sherwin Williams Company
Entity
Free & Clear · 2 yrs held
Mailing address
101 W PO BOX 388TH AVE, GARNER, NC 27529-0388
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2023
—
The Sherwin Williams Company
Apple Butter Investments LLC
Lease
—
Jul 12, 2016
$1,123,500
Apple Butter Investments LLC
Currin Patterson Ptrs II LLC
Warranty Deed
—
Jun 25, 2010
—
Currin Patterson Ptrs II LLC
Currin-patterson Partners LLC
Quit Claim Deed
related
$645,000 · Branch Banking & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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