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Property profile & analytics
FOR SALE
Grocery and convenience stores
1014 W Innes St Salisbury, NC 28144
Individually Owned
10-yr Hold
Free & Clear
Property ID
US53-0079169
For Sale
1 / 5
$1,850,000
1014 W Innes St, Salisbury, NC 28144
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1959
Total area
1,612 SF
Lot
0.57 ac (25,003 SF)
Zoning code
B6
APN
020 05001
UPID
US53-0079169
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Red Mart Grocery & Convenience Store
-
Bridgestone (Bike/Boat/Book/etc) Store Auto Parts Store
-
Sunoco Gas Station
-
Firestone Complete Auto Care (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Redino Rezzoli · 10 yrs held
Redino Rezzoli
since 2016
4 recorded transactions
Zoning & alternative use
B6 · Salisbury, NC
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salisbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salisbury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,683
Tax year 2023
Assessed value
$475,142
Assessed 2023
Previous assessed
$415,620
+14.3% YoY
Effective rate
1.20%
On assessed value
Assessed land
$270,000
Assessed improvement
$205,142
Land market value
$270,000
Improvement market value
$205,142
Total market value
$475,142
Applied tax rate
101.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
1959
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,612 SF
Lot
0.57 ac (25,003 SF)
Zoning code
B6
APN
020 05001
UPID
US53-0079169
Jurisdiction
ROWAN
Zoning & alternative use
B6 · Salisbury, NCZoning B6 · permitted uses
B6 · Salisbury, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Land Development Ordinance
Building & site characteristics
From public records
Year built
1959
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Redino Rezzoli
Individual
Free & Clear · 10 yrs held
Mailing address
10615 LEDERER AVE, CHARLOTTE, NC 28277-1493
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2016
—
Redino Rezzoli
Spm Textiles USA INC
Grant Deed
—
Oct 21, 2015
$530,000
Spm Textiles USA INC
Yoruk Dev Co INC
Grant Deed
$75,000 · Yoruk Dev Co INC
Jul 14, 2006
$520,000
Yoruk Dev Co INC
Achi,aggrey
Warranty Deed
$390,000 · Southern Community Bank
Jul 13, 2006
—
Yoruk Development Co INC
Achi,aggrey
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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