Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    818 Nc 24th 27th E Byp Albemarle, NC 28001-5350
    Back to Search
    Property profile & analytics

    818 Nc 24th 27th E Byp, Albemarle, NC 28001-5350

    View on Map
    • Drive through restaurants
    • 2,994 SF
    • 0.97 lot acres
    Off-Market
    Property ID
    US53-2545142
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 818 Nc 24th 27th E Byp

    Year built
    1987
    Lot size
    0.97 lot acres
    Zone code
    GHBD
    Property type
    Drive through restaurants
    APN
    655803127959
    APU
    655803127959

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 10, 2016 $1,750,000 Jbj Bnc LLC Hull,james M Grant Deed —
    Jun 10, 2016 — James M Hull H/s Albemarle LLC Quit Claim Deed —
    Sep 27, 2006 — H & S Albemarle LLC Owner Name Unavailable Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.1679
    Latitude
    35.3462
    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
    $6,853
    $303,707
    $258,029
    $561,736
    -
    $303,707
    $258,029
    $561,736

    Comparable in this City

    • Value Estimation by Request
      642 SF

      1202 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      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
      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
      824 Nc 24th 27th E Byp, Albemarle, NC 28001-5350
      View Details
    • Value Estimation
      $550,000
      3,772 SF

      646 Nc 24th 27th E Byp

      DRIVE-THRU RESTAURANT, FAST FOOD
      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
      1906 Us 52nd N, Albemarle, NC 28001-8505
      View Details
    • Value Estimation by Request
      1,638 SF

      731 Nc 24th 27th E Byp

      DRIVE-THRU RESTAURANT, FAST FOOD
      731 Nc 24th 27th E Byp, Albemarle, NC 28001-5349
      View Details

    Similar Nearby for Sale

    • $499,900
      7,380 SF

      Albemarle Commercial Strip Center

      Commercial strip center in Albemarle with long-term tenants.
      1614 Us 52 Hwy, Albemarle, NC 28001
      View Details
    • Contact for pricing
      3,816 SF

      Historic Granite Four-Square Residence

      1924 granite residence with modern updates and commercial potential.
      705 W Main St, Albemarle, NC 28001
      View Details
    • Contact for pricing

      Downtown Albemarle Development Opportunity

      Open parcel in downtown Albemarle with limitless possibilities.
      420 W Main St, Albemarle, NC 28001
      View Details
    • Contact for pricing

      Downtown Albemarle Development Opportunity

      Open parcel in downtown Albemarle for mixed-use development.
      420 W Main St, Albemarle, NC 28001
      View Details
    • $1,999,000
      6,894 SF

      Albemarle Commercial Investment Opportunity

      Fully leased commercial building on 2.87 acres in Albemarle.
      702 Henson St, Albemarle, NC 28001
      View Details
    • Contact for pricing
      2,088 SF

      Turn-Key Auto Repair Shop

      Three-bay auto repair shop with equipment package for sale.
      24267 Old Aquadale Rd, Albemarle, NC 28001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,189 SF

      Downtown Albemarle Restaurant Opportunity

      Three-story restaurant space in downtown Albemarle, North Carolina.
      135-141 W Main St, Albemarle, NC 28001
      View Details
    • Contact for pricing
      1,600 SF

      Restaurant Space in Eastgate Center

      Former Subway restaurant space available in Albemarle, North Carolina.
      839 27 Byp, Albemarle, NC 28001
      View Details
    • Contact for pricing
      32,960 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
    • Contact for pricing

      Retail Space in Centre Point Plaza

      Community center retail space with highway exposure in Albemarle, NC.
      720 Nc-24, Albemarle, NC 28001
      View Details
    • $900 /Mo
      22,834 SF

      Albemarle Retail or Office Space

      End unit in established strip center, suitable for retail/office.
      1108 N 2Nd St, Albemarle, NC 28001
      View Details
    • Contact for pricing
      2,540 SF

      Retail Space on Highway 24

      Retail space with excellent visibility on Highway 24.
      830 Nc 24, Albemarle, NC 28001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    818 Nc 24th 27th E Byp
    Albemarle, NC 28001-5350
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    818 Nc 24th 27th E Byp, Albemarle, NC, 28001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!