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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Office buildings
9329 Albemarle Rd, Charlotte, NC 28227-3329
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0923910
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Total area
11,292 SF
Lot
1.71 ac (74,662 SF)
Zoning code
B2
APN
11115212
UPID
US53-0923910
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
-
Evolution Garage Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Gene Knight Bobsy III · 3 yrs held
Gene Knight Bobsy III
since 2023
Last sale
$548,000
5 recorded transactions
Zoning & alternative use
B2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte 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
Method
Estimation
Statistic approach
$900,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $548k (Jun 15 2020)
Last sale anchor
$548k
Jun 15 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$76 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,573
Tax year 2023
Assessed value
$759,800
Assessed 2024
Previous assessed
$762,500
-0.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$450,900
Assessed improvement
$308,900
Land market value
$450,900
Improvement market value
$308,900
Total market value
$759,800
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
6
Total area
11,292 SF
Lot
1.71 ac (74,662 SF)
Zoning code
B2
APN
11115212
UPID
US53-0923910
Jurisdiction
MECKLENBURG
Zoning & alternative use
B2 · Charlotte, NC
Zoning B2 · permitted uses
B2 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1954
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
6
Lot
1.71 ac
Current owner
From public records · entity-resolved
Gene Knight Bobsy III
Individual
Free & Clear · 3 yrs held
Mailing address
2334 AINSDALE RD, CHARLOTTE, NC 28226-4920
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
—
Gene Knight Bobsy III
Hugh G Ashcraft III
Lease
—
Jun 15, 2020
$548,000
Hugh G Ashcraft III
Nsp Albemarle Road LLC
Grant Deed
—
May 1, 2018
—
Nsp Albemarle Road LLC
—
Deed
related
$200,000 · Pinnacle Bk/sioux Cty
Aug 18, 2016
$259,000
Nsp Albemarle Road LLC
Lee Security LLC
Warranty Deed
$208,800 · Union Bk&tr
—
—
Nsp Albemarle Road LLC
—
Deed Of Trust
related
$200,000 · Pinnacle Bk/sioux Cty
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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