Albemarle, NC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Albemarle, North Carolina Market population: 16K. Explore income-producing properties with verified cap rates and...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Albemarle NC Properties: 1.2200%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Albemarle NC
Common questions from investors exploring commercial real estate in Albemarle NC.
What's the overall investment potential of Albemarle, NC, considering its demographics and economy?
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Albemarle's median household income of $43,419, combined with a poverty rate of 18.1% and a high health insurance coverage of 88.1%, suggests a stable working-class market with employment stability, driven by top industries like Manufacturing, Retail Trade, and Healthcare & Social Assistance, which cater to its diverse population of White, Black or African American, and Asian residents.
How does the city's commute time and transportation infrastructure impact rental demand?
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The average commute time of 24.4 minutes, with 85.2% of residents driving alone and 8.2% carpooling, indicates a relatively convenient commute, which, paired with a high health insurance coverage rate of 88.1%, suggests a reliable and healthy tenant base, making it an attractive option for real estate investors looking for stable rental income.
What role does ethnic diversity play in shaping the local real estate market in Albemarle, NC?
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The city's ethnic diversity, with 73.1% White, 20.5% Black or African American, and 2.3% Asian populations, contributes to a vibrant market demand, supported by top industries like Manufacturing and Retail Trade, which are likely to attract a diverse workforce, and with a foreign-born rate of 8.1%, it presents opportunities for investors to cater to a multicultural community with varied housing needs.
How do the poverty rate and income inequality impact the quality of tenants in Albemarle, NC?
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The poverty rate of 18.1% and a GINI coefficient of 0.463 indicate some level of income inequality, but when combined with a high health insurance coverage rate of 88.1% and a median household income of $43,419, it suggests that while there may be challenges, there is also a significant portion of the population with stable employment and access to healthcare, making for a relatively reliable tenant base.
What are the implications of Albemarle's homeownership rate and property values for real estate investors?
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With a homeownership rate of 63.2% and a median property value of $143,400, Albemarle presents a balanced market for investors, where they can consider both rental properties and opportunities for homeownership, especially given the city's diverse economy, relatively low commute times, and high health insurance coverage, which together contribute to a stable and attractive market for real estate investment.
Albemarle NC Real Estate & City Facts
Key facts and real estate information about Albemarle NC.
What are some of the best neighborhoods to live in Albemarle?
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Some of the best neighborhoods to live in Albemarle include Ridge Street, which is known for its peaceful atmosphere and friendly community, as well as established neighborhoods near downtown that offer walkable access to shops and restaurants. Other neighborhoods like Locust, Oakboro, and Badin Lake are also popular options.
What are some fun things to do in Albemarle?
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There are plenty of fun things to do in Albemarle, such as visiting the Morrow Mountain State Park, exploring the Downtown Venues like the Albemarle Neighborhood Theatre and Historic Snuggs-Marks Homes, and checking out the Stanly County Farmers Market. You can also visit the Dennis Vineyards Winery, Stony Mountain Vineyards, and other attractions like the Museum of the Albemarle.
What is the food scene like in Albemarle?
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The food scene in Albemarle is diverse and offers a range of options, from fresh seafood at Hilltop Seafood to barbecue at Log Cabin Bar BQue. You can also find great restaurants like Five Points Public House, The Courthouse Tavern and Table, and Jay's Seafood Restaurant. There are also plenty of great food trucks and casual dining options available.
What are the pros and cons of living in Albemarle?
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The pros of living in Albemarle include its peaceful atmosphere, friendly community, and walkable downtown area with shops and restaurants. However, some cons include the limited job opportunities and lower median household income compared to other areas. Additionally, the city's poverty rate is higher than the national average, which can be a challenge for some residents.
Is Albemarle a good place to live?
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Albemarle can be a good place to live for those who value a peaceful atmosphere, a strong sense of community, and a lower cost of living. While it may have its challenges, the city has a lot to offer, from its natural beauty to its rich history and cultural attractions. Ultimately, whether Albemarle is a good place to live depends on your individual priorities and preferences.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Albemarle NC Commercial Property: $43,419
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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