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    203 Mocksville Ave Salisbury, NC 28144

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    13,575 SF Multi-Tenant Medical Office Building

    Property size:
    13,575 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building, located at 203 Mocksville Avenue in Salisbury, North Carolina, offers 13,575 square feet of net rentable space. Constructed in 2001, this multi-tenant property sits on a 1.283-acre lot and boasts a pro-forma NOI of $274,782.38. The building features three suites, with two on the first level and one on the second. Its prime location is just three blocks from Novant Rowan Medical Center, a 24-hour hospital, and a short five-minute drive from the W.G. Hefner VA Medical Center. This strategic position within the Charlotte MSA, surrounded by other medical offices, presents a compelling opportunity for a variety of professional uses. Potential tenants could include medical practices, legal firms, accounting services, marketing agencies, insurance companies, or other office-based businesses. The property's strong financial performance and convenient location make it an attractive investment opportunity in a thriving medical corridor. The property's APN is 006 133, and the zip code is 28144.

    Property Features for 203 Mocksville Ave

    General Information

    Property type
    Medical offices
    Square Feet
    13,575 SF
    Class
    A
    Lot Size
    55,887 SF

    Building Details

    Year Built
    2001
    Property Profile Location Intelligence

    Current Use by Public Records

    Busby & Webb Orthodontics Orthodontist Bret Busby Orthodontics Orthodontist Dr. Jenny L. ... Dermatologist Fort Samuel L ... Dermatologist Mr. Aaron Wever Dermatologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -80.4713694
    Latitude
    35.6769495

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    FAQs

    What type of property is this?
    Medical office - 13,575 SF Multi-Tenant Medical Office Building
    Where is this medical office located?
    The property is located at 203 Mocksville Ave Salisbury, NC.
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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
    203 Mocksville Ave Salisbury, NC 28144
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