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    512 Klumac Rd Salisbury, NC 28144

    Sponsored
    For Sale
    $1,915,000

    12,304 SF Retail Center, 4.35 Acres

    Property size:
    12,304 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Features for 512 Klumac Rd

    General Information

    Property type
    Retail properties
    Square Feet
    12,304 SF
    Lot Size
    189,486 SF

    Building Details

    Year Built
    1997
    Property Profile Location Intelligence

    Current Use by Public Records

    Knox Computers & iPhone ... Computer Repair Service Hearing Aids For You Medical Clinic Alterations Plus by ... Clothing Alteration Service Comfort Keepers Home ... Home Health Care Service The Cleaning Authority - Salisbury House Cleaning Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.48608
    Latitude
    35.64906

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    FAQs

    What type of property is this?
    Retail property - 12,304 SF Retail Center, 4.35 Acres
    Where is this retail property located?
    The property is located at 512 Klumac Rd Salisbury, NC.
    What is the asking price?
    The asking price for this property is $1,915,000.
    (704) 502-0388
    Request Owner's contact information
    512 Klumac Rd Salisbury, NC 28144
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    Salisbury, NC 28144
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    Realmo Value Estimation

    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.

    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.

    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
    512 Klumac Rd Salisbury, NC 28144
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