Two-Level Office
New
For Sale
$625,000
830 Faith Road, Salisbury, NC 28146
RMX zoning supports several potential commercial and community uses, subject to City of Salisbury approval.
Property Size20,021 SF
Price / SF$250
Days on Market5
Property Features for 830 Faith Road
General Information
Standard status
Active
Size
20,021 SF
Property subtype
Free Standing Store
Zoning
RMX
Amenities
Dimensions: 48x133x81x83x77, Corner Lot, Level
Public Sewer
Additional parcels description:, Parcel Number: 071195, Assessed Value: $263,940, Zoning: RMX
Heat Pump
Listing ID: CAR4434276, Standard Status: Active, MLS Status: Active, Property Subtype: Free Standing Store, 1 day on market, Special Conditions: None
Parking Lot
Built in 2002, 1 building, Construction Materials: Brick Full
County/Parish: Rowan
1 total bathroom
Water Source: City
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
20,021 SF
Year Built
2002
Buildings
1
Stories
2
Construction
brick
Listing Agency:
TMR Realty, Inc.
(704) 245-6184
Listed By:
Mechelle Kuld · License #280063
(704) 310-6414
Source:
Blackstreaminternational
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 8:23AM
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 TMR Realty, Inc.
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Investment Insights
Based on property information with market context.
This two-level office building contains nearly 2,500 square feet. The main floor has multiple offices and a bathroom, while the upper floor is arranged as two open areas that can accommodate office, flexible, or storage functions. Brick construction and a paved parking area are also part of the property.
The site occupies the corner of Jake Alexander Boulevard and Faith Road in Salisbury, North Carolina. Its RMX zoning allows a range of potential uses, including professional offices, medical clinics, studios, community facilities, and religious institutions, subject to City of Salisbury approval. The building was constructed in 2002.
The site occupies the corner of Jake Alexander Boulevard and Faith Road in Salisbury, North Carolina. Its RMX zoning allows a range of potential uses, including professional offices, medical clinics, studios, community facilities, and religious institutions, subject to City of Salisbury approval. The building was constructed in 2002.
Key Highlights
- Nearly 2,500 square feet in a brick, two‑level building
- Main floor includes multiple offices and a bathroom
- Upper floor has two open areas for office, flex, or storage use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,845
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,900
$876.9K
Cap Rate 7%
$626,357
$626.4K
Cap Rate 9%
$487,167
$487.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$65.1K $26.04/SF
− Vacancy
−$6.6K −$2.66/SF
EGI
$58.5K $23.38/SF
− OpEx
−$14.6K −$5.85/SF
NOI
$43.8K $17.54/SF
Area
Rowan County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,900
Cap Rate 7%
$626,357
Cap Rate 9%
$487,167
Alternative Uses
Best Use
Office B
$626.4K
$548.1K – $730.8K
NOI $43,845 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$786.9K
$688.5K – $918.0K
NOI $55,080 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 28146, NC
29,572
Population
14,111
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
92%
High-School Grad
97.1 sq mi
ZIP Area
305
Density / Sq Mi
$67,053
Median Household Income
$43,106
Median Earnings
$888
Median Rent
$227,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - RMX zoning supports several potential commercial and community uses, subject to City of Salisbury approval.
Where is this office building located?
The property is located at 830 Faith Road Salisbury, NC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Nearly 2,500 square feet in a brick, two‑level building; Main floor includes multiple offices and a bathroom; Upper floor has two open areas for office, flex, or storage use
