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Property summary
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 10,908 square-foot, single-tenant retail and lab storefront in Salisbury, NC. Located at 640 Jake Alexander Blvd W, this property boasts a prime location on a heavily trafficked intersection (42,500 vehicles per day), benefiting from excellent visibility and multiple access points. The 1.75-acre lot includes 70 parking spaces. The building, constructed in 1997 and extensively renovated in 2021,… is currently 100% occupied by ImmunoTek Bio Centers, LLC, under a 15-year NNN lease with four 5-year renewal options. The lease includes scheduled 10% rent increases, ensuring consistent NOI growth and inflation protection. The tenant, a major independent plasma collection center operator with 80+ locations, provides a strong, corporate-guaranteed lease. This low-management investment benefits from a strong demographic profile, including a dense residential population, nearby universities, and numerous apartment complexes within a two-mile radius. The 5-mile trade area boasts over 59,700 residents and 37,300 employees, with an average household income exceeding $85,796. The property's zoning is HB - Highway Business. The asking price is $6,519,000, representing a 7.00% cap rate and a current NOI of $456,304. This is an ideal investment for passive investors seeking a stable, long-term return. The property's APN is 061A190.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 12,560 SF
- Lot area
- 1.75 ac
- Year built
- 1997
- Stories
- 2
- APN
- 061A190
- Zoning
- HB:HIGHWAY BUSINESS
- Assessed value · 2023
- $2,314,329
- Annual tax · 2023
- $27,679
- Medical Building
- Commercial (general)
- Restaurant
- Office Building
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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