Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Airport Rd Salisbury, NC 28147
    Back to Search
    Property profile & analytics

    Airport Rd, Salisbury, NC 28147

    View on Map
    • Land
    • 19.02 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Airport Rd

    Lot size
    19.02 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 19.02-acre industrial land parcel presents a unique investment opportunity in Salisbury, North Carolina. Strategically located at the corner of Airport Road and S Main Street, this property boasts a Light Industrial (LI) zoning designation, offering significant development potential. Its prime location provides easy access to Interstate 85, a major transportation artery, enhancing logistical efficiency for any future development. The expansive lot size allows for the construction of a substantial industrial building, with estimates suggesting capacity for up to 120,000 square feet. This presents a rare chance to acquire a large, well-situated tract of land in a growing area, ideal for various industrial uses. The property is situated in Rowan County, North Carolina, with a Salisbury zip code of 28147. This location offers excellent access to a skilled workforce and established infrastructure. The site's size and zoning make it suitable for a wide range of industrial projects, from warehousing and distribution to light manufacturing. This is a remarkable opportunity to secure a significant piece of industrial real estate in a desirable location. Don't miss this chance to capitalize on the potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.5155
    Latitude
    35.6355

    Comparable in this City

    • Value Estimation by Request
      1.75 Acres

      4330 Main St

      Land
      4330 Main St, Salisbury, NC 28147
      View Details
    • Value Estimation by Request
      10.50 Acres

      285 Peach Orchard Ln

      Distribution properties
      285 Peach Orchard Ln, Salisbury, NC 28147
      View Details
    • Value Estimation by Request
      75.86 Acres

      Peeler Rd

      Land
      0 Peeler Rd, Salisbury, NC 28147
      View Details
    • Value Estimation
      $1,665,000
      100,606 SF

      3570 Main St

      INDUSTRIAL (GENERAL)
      3570 Main St, Salisbury, NC 28147-7909
      View Details
    • Value Estimation
      $3,820,000
      83,712 SF

      220 Ryan Patrick Dr

      INDUSTRIAL (GENERAL)
      220 Ryan Patrick Dr, Salisbury, NC 28147-5619
      View Details
    • Value Estimation
      $1,520,000
      31,600 SF

      1125 Klumac Rd

      INDUSTRIAL (GENERAL)
      1125 Klumac Rd, Salisbury, NC 28147
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,900 SF

      Industrial Property on 1.69 Acres

      Industrial property with a 5.06% cap rate and $32,130 NOI.
      2110 S Main St, Salisbury, NC 28147
      View Details
    • $239,500
      21.23 Acres

      21 Acres Prime Land Opportunity

      21+/- acre property ideal for homes, farming, or investment.
      Catawba Dr, Salisbury, NC 28147
      View Details
    • Contact for pricing

      Versatile Commercial Property on Main

      3.56-acre commercial property on South Main Street in Salisbury.
      2333 S Main St, Salisbury, NC 28147
      View Details
    • $775,000

      Storage Facility with Commercial Space

      Renovated storage facility with commercial space on Highway 150.
      1812 Mooresville Rd, Salisbury, NC 28147
      View Details
    • Contact for pricing

      Commercial Space on Highway 29

      9600 sqft commercial space with warehouse and office/retail areas.
      4055 S Main St, Salisbury, NC 28147
      View Details
    • Contact for pricing
      39,261 SF

      Industrial Building For Sale/Lease

      39,261 SF industrial building available for sale or lease.
      245 Peach Orchard Rd, Salisbury, NC 28147
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building For Lease

      Industrial building with 39,261 square feet available for lease.
      245 Peach Orchard Rd, Salisbury, NC 28147
      View Details
    • Contact for pricing

      Proposed Industrial Development in Rowan

      293,918 SF industrial space for lease near I-85.
      505 Grace Church Rd, Salisbury, NC 28147
      View Details
    • Contact for pricing

      Commercial Land on Jake Alexander

      Highly traveled commercial land for rent near I-85.
      000 Jake Alexander Blvd W, Salisbury, NC 28147
      View Details
    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.
    Airport Rd
    Salisbury, NC 28147
    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
    Airport Rd, Salisbury, NC, 28147
    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!