Entity Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a fully occupied, 12,304-square-foot retail center situated on a sizable 4.35-acre lot in Salisbury, North Carolina. Strategically located just 0.7 miles from Interstate I-85, this property boasts 394 feet of frontage on Klumac Road, ensuring high visibility and accessibility. The property comprises two single-story brick buildings constructed in 1997, housing eleven individual units currently leased to a mix of office, retail, and medical tenants. These tenants benefit from flexible, short-term leases, offering the new owner significant potential for rental increases. The current gross annual income stands at $135,600, representing a below-market rental rate and substantial upside potential. The property features a large, level lot, presenting opportunities for future expansion or development. Ample parking is provided with a paved asphalt lot accommodating 66 vehicles. Recent upgrades include improvements to the HVAC system and roofing, minimizing immediate maintenance needs. The property is zoned CMX, allowing for a diverse range of potential uses. An August 2024 appraisal is available for review, further supporting the exceptional value of this offering. This property is part of a larger portfolio of income-producing properties available for purchase in Salisbury.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
5,980 SF
Lot
4.47 ac (194,713 SF)
Zoning code
M1
APN
017 187
UPID
US53-1008336
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Computer & Electronic Repair
-
Medical Clinic
-
(Bike/Boat/Book/etc) Store
-
Home Health Care Service Hospice
-
Hardware & Home Improvement
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$941k
Blend (final)
Blend
$1.03M
Owner & transaction history
since 2024
4 recorded transactions
Zoning & alternative use
M1 · Salisbury, NC
Top alternative use upside
Auto repair, garage
$870,000
+27.0%
Medical building
$845,000
+22.8%
Commercial (general)
$795,000
+16.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.03M
Value range
$923k – $1.13M
±10% around blend
Estimated value / SF
$171 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
$923k
blend $1.03M
$1.13M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,980 SF
Lot area
4.47 ac
Year built
1997
Stories
1
APN
017 187
Zoning
M1
Assessed value
$1,317,132
Annual tax
$15,753
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$833k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.5 mi away · 4,355 SF
21.3 mi away · 4,222 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.03M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 42 sales
$115
+49%
Submarket 60 sales
$119
+44%
County 81 sales
$122
+40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $171/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+27%
vs current-use indication
Medical Building
Commercial (general)
Restaurant
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.32M
Move the market yield to see immediate price impact.
Value / SF
$220
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$83k
$1.66M
$1.19M
$922k
$92k
$1.84M
$1.32M
$1.02M
$101k
$2.03M
$1.45M
$1.13M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$575k
7.7 mi · Apr 2026 · $131/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,753
Tax year 2023
Assessed value
$1,317,132
Assessed 2023
Previous assessed
$1,188,349
+10.8% YoY
Effective rate
1.20%
On assessed value
Assessed land
$196,680
Assessed improvement
$1,120,452
Land market value
$196,680
Improvement market value
$1,120,452
Total market value
$1,317,132
Applied tax rate
101.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
5,980 SF
Lot
4.47 ac (194,713 SF)
Zoning code
M1
APN
017 187
UPID
US53-1008336
Jurisdiction
ROWAN
Zoning & alternative use
M1 · Salisbury, NCZoning M1 · permitted uses
M1 · Salisbury, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
4.47 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Salisbury, NC
Recorded code
M1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M1 in Salisbury, NC.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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