Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    2.56 Acres in Salisbury, NC Title is generated by Realmo AI

    629 Julian Rd, Salisbury, NC 28146

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.56-acre commercial land available for sale, ground lease, or build-to-suit.

    Type:Land
    Lot size:
    2.56 Acres
    Added:
    Jul 22, 2024
    Days on Market:
    670
    Last Refresh:
    May 13 at 8:10 pm

    Property Features for 629 Julian Rd

    General Information

    Standard status
    Active
    Lot size
    2.56 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Marshall Ranson
    Marshall Ranson

    Listing agent Marshall Ranson License #NC 298659

    Listing office Ascent Real Estate Partners

    Listing date Jul 22, 2024

    Source Crexi

    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 Ascent Real Estate Partners

    HighLights

    • High visibility location on Jake Alexander Blvd (42,484 VPD)
    • 2.56‑acre opportunity: sale, ground lease, or build‑to‑suit
    • Convenient access to a signalized intersection
    • Zoning: Highway Business (HB)
    • Easily accessible from I‑85 and Highway 29
    • Less than 40 minutes to Charlotte

    Overview

    This 2.56-acre commercial land opportunity is located in Salisbury, NC. The site offers visibility from Jake Alexander Blvd, which experiences a traffic volume of 42,484 vehicles per day. It benefits from convenient access to a signalized intersection. The zoning is Highway Business (HB). The location is less than 40 minutes from Charlotte and less than 25 minutes from Downtown Concord, with accessibility from Interstate I-85 and Highway 29. Available for sale, ground lease, or build-to-suit.
    Location Intelligence

    Current Use by Public Records

    Ben Mynatt Nissan ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.495486
    Latitude
    35.642691

    Nearby Similar for Sale

    • $979,000
      20,000 SF

      Commercial Portfolio in Salisbury, NC

      Four-parcel commercial portfolio with income-producing buildings and development potential.
      909 S Main Street, Salisbury, NC 28144
      View Details
    • $900,000
      9,000 SF

      Salisbury Industrial Warehouse with Large Lot

      9,000 SF industrial warehouse with oversized doors and large lot.
      6515 Mooresville Road, Salisbury, NC 28147
      View Details
    • $300,000

      Versatile Land Parcel in Salisbury

      Land with dual zoning offers multiple development opportunities.
      2575 Statesville Boulevard, Salisbury, NC 28147
      View Details
    • $300,000

      Salisbury Commercial Land For Sale

      3-acre commercial land near Highway 85 in Salisbury, NC.
      Henderson Grove Church Road, Salisbury, NC 28147
      View Details
    • $345,000

      Commercial Lot on South Main

      0.67-acre commercial lot on South Main Street in Salisbury.
      629 S Main Street, Salisbury, NC 28144
      View Details
    • $2,200,000

      Commercial Land Near Interstate 85

      Commercial land suitable for retail, apartments, and commercial uses.
      Suzannes Road, Salisbury, NC 28147
      View Details
    • $1,000,000

      Prime Commercial Land I-85 Frontage

      1.52-acre commercial parcel off I-85 near Salisbury, NC.
      1100 Peach Orchard Road, Salisbury, NC 28146
      View Details
    • $144,900
      924 SF

      Desirable Office Condo For Sale

      924 sq ft office condo with private offices.
      1620 S Martin Luther King Jr Avenue, Salisbury, NC 28144
      View Details
    • $3,200,000
      14,830 SF

      Waterfront Commercial Tract with Restaurant

      Commercial property with waterfront restaurant, event venue, and rental.
      257 Boat Club Lane, Salisbury, NC 28146
      View Details
    • $199,777

      Commercial Land with Highway Frontage

      1.94 acres of commercial land with high traffic exposure.
      S Main Street, Salisbury, NC 28147
      View Details
    • $399,900

      Salisbury Heavy Industrial Building For Sale

      8,090 sq ft industrial building on 2.75 acres.
      1300 Van Nuys Street, Salisbury, NC 28145
      View Details
    • $129,777

      Waterfront Lot in Gated Community

      1.73 acre waterfront lot with deeded boat slip.
      722 Emerald Bay Drive, Salisbury, NC 28146
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.56-acre commercial land available for sale, ground lease, or build-to-suit.
    Where is this commercial land located?
    The property is located at 629 Julian Rd Salisbury, NC.
    What are key features of this property?
    This property features: High visibility location on Jake Alexander Blvd (42,484 VPD); 2.56‑acre opportunity: sale, ground lease, or build‑to‑suit; Convenient access to a signalized intersection
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marshall Ranson
    Marshall Ranson
    Real Estate License ID: NC 298659
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    629 Julian Rd, Salisbury, NC 28146
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!