Freestanding Retail
For Sale
Contact for pricing
2625 Statesville Blvd, Salisbury, NC 28147
Masonry single-tenant retail building offers about 118 feet of frontage along Statesville Boulevard.
Property Size1,635 SF
Lot Size0.58 Acres
Price / SF$296.64
Days on Market53
Property Features for 2625 Statesville Blvd
General Information
Standard status
Active
Size
1,635 SF
Lot size
0.58 Acres
Property subtype
Retail
Zoning
BCS (Business)
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Year Built
1968
Year Renovated
1990
Buildings
1
Tenancy
Single
Construction
masonry
Listing Agency:
Legacy Real Estate Advisors
Listed By:
Jay Snover · License #NC 180073
(704) 373-1800
Source:
Crexi
Added: Jul 23
Changed: Aug 16
Last Checked: Sep 12 at 5:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Real Estate Advisors
Investment Insights
Based on property information with market context.
This freestanding retail property includes a masonry building of approximately 1,635 square feet on about 0.58 acres. The site provides approximately 118 feet of frontage along Statesville Boulevard, supporting convenient customer access. The building was originally constructed in 1968 and renovated in 1990, and is currently presented as a single-tenant asset.
Zoned BCS (Business), the property is described as well suited for a variety of retail, service, and commercial uses.
As a freestanding, frontage-oriented masonry building on its own parcel, it can serve owner-users or investors looking for an established commercial location within a Salisbury business corridor.
Zoned BCS (Business), the property is described as well suited for a variety of retail, service, and commercial uses.
As a freestanding, frontage-oriented masonry building on its own parcel, it can serve owner-users or investors looking for an established commercial location within a Salisbury business corridor.
Key Highlights
- Single‑tenant masonry retail building totaling about 1,635 SF
- Situated on about 0.58 acres with approximately 118 feet of frontage along Statesville Boulevard
- Zoned BCS (Business), suitable for a variety of retail, service, and commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,072
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$401,440
$401.4K
Cap Rate 7%
$286,743
$286.7K
Cap Rate 9%
$223,022
$223.0K
Market Conditions
NOI Build-Up for 1,635 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.0K $18.96/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$28.7K $17.54/SF
− OpEx
−$8.6K −$5.26/SF
NOI
$20.1K $12.28/SF
Area
Rowan County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$401,440
Cap Rate 7%
$286,743
Cap Rate 9%
$223,022
Alternative Uses
Best Use
Retail
$286.7K
$250.9K – $334.5K
NOI $20,072 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.6K
$450.3K – $600.4K
NOI $36,022 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
4,370 visits/mo
0.2 miles
Han-Dee Hugo's
Shops & Services
1,748 visits/mo
0.2 miles
Demographics for 28147, NC
26,618
Population
10,095
Households
2.6
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
77.6 sq mi
ZIP Area
343
Density / Sq Mi
$59,770
Median Household Income
$36,118
Median Earnings
$1,036
Median Rent
$241,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Masonry single-tenant retail building offers about 118 feet of frontage along Statesville Boulevard.
Where is this retail space located?
The property is located at 2625 Statesville Blvd Salisbury, NC.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Single‑tenant masonry retail building totaling about 1,635 SF; Situated on about 0.58 acres with approximately 118 feet of frontage along Statesville Boulevard; Zoned BCS (Business), suitable for a variety of retail, service, and commercial uses
