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    Nc 51st Hwy Albemarle, NC 28001
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    Property profile & analytics

    Nc 51st Hwy Albemarle, NC 28001

    View on Map
    • Industrial properties
    • 112,720 SF
    • 8.09 lot acres
    Off-Market
    Last Sale Aug 17, 2023
    $1,150,000
    Property ID
    US53-0158801
    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
    $1,125,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for Nc 51st Hwy

    Year built
    1950
    Lot size
    8.09 lot acres
    Property size
    112,720 SF
    Property type
    Industrial properties
    APN
    654803116044
    APU
    654803116044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $949,000
      Market price range: $949k - $2.89M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,635,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.2017
    Latitude
    35.3402
    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
    $2,461
    $196,720
    $5,010
    $201,730
    -
    $196,720
    $5,010
    $201,730

    Comparable in this City

    • Value Estimation by Request
      3.59 Acres

      Salibbury Ave

      INDUSTRIAL (GENERAL) • 3.59 Acres
      Salibbury Ave, Albemarle, NC 28001
      View Details
    • Value Estimation
      $2,885,000
      277,547 SF

      1700 Woodhurst Ln

      INDUSTRIAL (GENERAL) • 277,547 SF
      1700 Woodhurst Ln, Albemarle, NC 28001-5376
      View Details
    • Value Estimation
      $1,950,000
      261,488 SF

      313 Bethany Rd

      INDUSTRIAL (GENERAL) • 261,488 SF
      313 Bethany Rd, Albemarle, NC 28001-8520
      View Details
    • Value Estimation by Request
      1.31 Acres

      Nc 51st Hwy

      INDUSTRIAL (GENERAL) • 1.31 Acres
      Nc 51st Hwy, Albemarle, NC 28001
      View Details
    • Value Estimation by Request
      6,000 SF

      401 Ws St

      LUMBERYARD, BUILDING MATERIALS • 6,000 SF
      401 Ws St, Albemarle, NC 28001-5736
      View Details
    • Value Estimation
      $830,000
      48,300 SF

      221 Snuggs St

      INDUSTRIAL (GENERAL) • 48,300 SF
      221 Snuggs St, Albemarle, NC 28001-2617
      View Details

    Similar Nearby for Sale

    • $995,000
      1.28 Acres

      Albemarle Warehouse and Office Space

      Over 30,000 sqft warehouse and office in downtown Albemarle.
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    • $315,000

      Albemarle Commercial Building For Sale

      Large commercial building in Albemarle, approximately 42,190 square feet.
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      Single-Tenant Government-Leased Office Investment

      Stabilized office building with durable cash flow and rental growth.
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    • $379,000

      Cleared Land in High-Traffic Area

      Commercial land for sale in Albemarle, near retail and hotels.
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    • $1,319,780

      Prime Industrial Property with Utilities

      Industrial property with road frontage, utilities, and rail access.
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      Light Industrial Land Available

      Light industrial land with water and sewer access.
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    Similar Nearby for Lease

    • $5,473 /Mo
      5,473 SF

      Albemarle Warehouse and Distribution Space

      Adaptable warehouse and distribution space with highway access.
      1739 Woodhurst Ln, Albemarle, NC 28001
      View Details
    • $3,773 /Mo
      3,773 SF

      Albemarle Warehouse/Flex Space Available

      Warehouse/flex space with highway access near downtown Albemarle.
      1737 Woodhurst Ln, Albemarle, NC 28001
      View Details
    • $2,773 /Mo
      1,773 SF

      Albemarle Warehouse/Distribution Space Available

      Flexible warehouse and distribution space with highway access.
      1735 Woodhurst Ln, Albemarle, NC 28001
      View Details
    • Contact for pricing

      Albemarle Industrial Space For Rent

      Versatile industrial space with warehousing and office components available for rent.
      225 N Depot 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
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    Albemarle, NC 28001
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    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
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