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815 3rd St Albemarle, NC 28001-3403

OFF-MARKET Medical Office Space Google Maps
2,970 SF 1.31 ac lot Built 1984
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US53-1737653

Property summary

AI-generated overview

This exceptional 2,970-square-foot Class A medical office building, located at 815 N 3rd St, Albemarle, NC 28001, presents a unique investment opportunity. Built in 1983 and extensively renovated in 2017, this single-story, single-tenant building offers a spacious and modern layout ideal for a variety of professional uses. Its convenient location adjacent to Stanly Memorial Hospital/Atrium Health Stanly County makes it particularly well-suited for medical practices, but its versatile design also lends itself to other professional ventures seeking a high-visibility location. The property boasts a total of 2,970 square feet of vacant space, ready for immediate occupancy. The building features no elevators, reflecting its single-story design. Lease terms are negotiable, and the owner is seeking tenants committed to serving the community. This property is situated near Yadkin St, offering excellent accessibility and visibility. The building's Class A designation reflects its high-quality construction and modern amenities. This is an exceptional opportunity to acquire a well-maintained, strategically located commercial property in a thriving North Carolina community. The property is ready for immediate occupancy.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Total area 2,970 SF
Lot 1.31 ac (57,064 SF)
Zoning code HMD
APN 654801383925
UPID US53-1737653

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Employment Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2018
Price N/A
2015
$675,000
2005
Price N/A

Zoning & alternative use

HMD · Albemarle, NC
Zoning description

§ 92.105 HMD HOSPITAL-MEDICAL CENTER DISTRICT. (A) The regulations of the HMD Hospital-Medical Center District are intended to provide for a restricted Hospital-Medical Center District and related facilities. (B) The fol…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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