Financial
Distress signals
Property profile

1820 Martin Luther King Jr Ave Salisbury, NC 28144

OFF-MARKET
Industrial land
Property ID
US53-3095078
4.13 ac lot
Last sale Jun 2023 · $3,010,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional industrial property, located at 1820 Martin Luther King Jr Ave in Salisbury, NC, offers 100,000 square feet of warehouse space in a single-tenant building situated on approximately 5.52 acres. Built in 1983, this two-story structure boasts impressive features including 24-foot clear height at the front (22-foot eaves) and 20-foot clear height at the rear (17-foot eaves). The property includes four dock-high doors and two drive-in doors, ensuring efficient loading and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$161k
Assessed land$161k
Effective rate1.20%

Value estimate

· Sep 2026
$2.64M
$2.37M – $2.90M
AI approach$2.21M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$37/SF
Submarket average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$20 – $59

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1
JurisdictionROWAN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.8
Realty agency15.7
Dental Office14.2

Location

1820 Martin Luther King Jr Ave Salisbury, NC 28144-5590
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
512 Klumac Rd, Salisbury, NC 28144-6752 $600,000 May 2024 No data
418 Craige, Salisbury, NC 28144-4114 $87,000 Apr 2024 6,891 SF
Railroad, Salisbury, NC 28144 $3,010,000 Jun 2023 No data
422 Broad, Salisbury, NC 28144-7716 $7,000 Nov 2022 No data
29 Us, Salisbury, NC 28144 $57,500 Oct 2022 360 SF
Freedle, Salisbury, NC 28144 $105,000 Jun 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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