Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    228 Statesville Blvd Salisbury, NC 28144

    Sponsored
    For Sale
    $167,750

    SINGLE_FAMILY - Salisbury, NC

    Type:Office
    Lot size:
    0.16 Acres
    Days on Market:
    25
    Last Refresh:
    Feb 5 at 2:06 am

    Property Features for 228 Statesville Blvd

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    001132
    Parking
    5
    Parking features
    Parking Lot
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1965
    Flooring type
    Vinyl

    We can help!

    Listing Contact
    Marie Leonard-Hampton

    Marie Leonard-Hampton Real Estate Services (704) 239-3096

    Listing agent Marie Leonard-Hampton (704) 239-3096

    Listing date Jan 12, 2026

    MLS# 4318073

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Space with High Visibility

    This office space is located in Salisbury, North Carolina, and offers high visibility due to its location on a major highway with steady vehicle flow. The property features an open and efficient layout. Ample parking and easy access are available. The property is located close to the VA Medical Center, Catawba College, and Novant. The lot size is 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Edward Jones Financial Advisor Compass Wealth Management Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.485875
    Latitude
    35.687512

    Nearby Similar for Sale

    • $278,777
      0.37 Acres

      Functional Office Space in Salisbury

      Well-appointed office with furnishings and ample parking.
      400 Statesville Blvd, Salisbury, NC 28144
      View Details
    • $462,400

      Updated Office Suite For Sale

      Updated office suite in prime location, ready for your business.
      1035 Lincolnton Rd Unit, Salisbury, NC 28144
      View Details
    • New
      $3,200,000
      12.00 Acres

      Waterfront Restaurant and Event Venue

      Commercial property with restaurant, event venue, and rental house.
      257 Boat Club Ln, Salisbury, NC 28146
      View Details
    • $450,000
      0.29 Acres

      Historic Downtown Salisbury Commercial Building

      Versatile commercial building in historic downtown Salisbury with ample parking.
      309 N Main St, Salisbury, NC 28144
      View Details
    • $274,500
      0.33 Acres

      Commercial Office Space in Salisbury

      Move-in ready office space with prime location and ample parking.
      636 Statesville Blvd, Salisbury, NC 28144
      View Details
    • $399,900
      2.75 Acres

      Salisbury Heavy Industrial Building For Sale

      8,090 sq ft industrial building on 2.75 acres.
      1300 Van Nuys St, Salisbury, NC 28145
      View Details
    • $250,000
      0.28 Acres

      Duplex in Salisbury, North Carolina

      Duplex with tenants, immediate income, and upside potential.
      927 Richard St, Salisbury, NC 28144
      View Details
    • $700,000
      1.06 Acres

      Established Business with Expansion Potential

      Turnkey boat repair business with additional buildings and residential home.
      6415 Bringle Ferry Rd, Salisbury, NC 28146
      View Details
    • New
      $108,000
      0.38 Acres

      Salisbury Commercial Land For Sale

      Land zoned for hospital services near Novant Health Rowan.
      1045 Highland Ave, Salisbury, NC 28144
      View Details
    • Contact for pricing
      604 SF

      Versatile Industrial Campus on 47 Acres

      47-acre industrial campus with warehouses, development potential, and operational efficiencies.
      5200 S Main St, Salisbury, NC 28147
      View Details
    • $215,000
      1,427 SF

      Spacious Condo with Cherry Floors

      Large 1-bedroom condo with updated appliances and secure entrances.
      300 N Fulton St, Salisbury, NC 28144
      View Details
    • $725,000

      Historic Building in Downtown Salisbury

      Historic building near Bell Tower Park, suitable for retail/residential development.
      115 W Innes St, Salisbury, NC 28144
      View Details

    FAQs

    What type of property is this?
    Office space - Prime office location on major highway with constant exposure.
    Where is this office space located?
    The property is located at 228 Statesville Blvd Salisbury, NC.
    What is the asking price?
    The asking price for this property is $167,750.
    What are key features of this property?
    This property features: - Prime office location with great visibility on a major highway; - Ample parking and easy access; - Open and efficient layout
    (704) 239-3096
    Request Owner's contact information
    228 Statesville Blvd Salisbury, NC 28144
    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.
    228 Statesville Blvd
    Salisbury, NC 28144
    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
    228 Statesville Blvd Salisbury, NC 28144
    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

    We can help!
    Listing Contact
    Marie Leonard-Hampton
    (704) 239-3096
    Learn more
    Google sign-in failed. Please try again or use another login method.