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    810 Mitchell Ave Salisbury, NC 28144

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    For Sale
    $5,100,000

    Medical office for sale in Salisbury, North Carolina.

    Property size:
    15,604 SF
    Lot size:
    1.36 Acres

    Property Features for 810 Mitchell Ave

    General Information

    Size
    15,604 SF
    Lot size
    1.36 Acres

    Source: MPV Properties Agent Mark Newell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Investment Opportunity

    This medical office investment property is located in Salisbury, North Carolina, within the Charlotte MSA. The property benefits from a hospital credit tenant and a NN lease structure that includes 2.50% annual escalations. The lease also features two 5-year options at fair market value. Situated in a dense medical corridor off Mitchell Avenue, the location provides connectivity to Jake Alexander Boulevard, which sees an average annual daily traffic count of 38,000 vehicles. The surrounding area includes retailers such as Walgreens, Dunkin', Planet Fitness, Aldi, The YMCA, Food Lion, and McDonalds. The property has a total size of 15,604 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kenneth B. Clark, ... Physician Assistant Tara Nagaraja Orthopedic Surgeon Dr. Maximilian Martinez Orthopedic Surgeon Joseph Elmer Jacobson Orthopedic Surgeon Elliot T Scott ... Doctor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.4958093
    Latitude
    35.6640121

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    FAQs

    What type of property is this?
    Medical office - Medical office for sale in Salisbury, North Carolina.
    Where is this medical office located?
    The property is located at 810 Mitchell Ave Salisbury, NC.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: - Hospital credit tenant provides stable, reliable income.; - NN lease structure minimizes landlord responsibilities.; - 2.50% annual escalations offer increasing returns.
    (704) 248-2100
    Request Owner's contact information
    810 Mitchell Ave 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
    810 Mitchell Ave Salisbury, NC 28144
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