New search
Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Strip malls
1030 Freeland Dr, Salisbury, NC 28144-5175
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-3288559
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
10,842 SF
Lot
3.34 ac (145,490 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
059A083
UPID
US53-3288559
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
-
Patel Nirav DDS Dental Office
-
DentalWorks & Orthodontics Salisbury Dental Office
-
Dental Works: Simoncic Stefan DDS Dental Office
-
Dental Works: Rivers Andrew DDS Dental Office
-
Papa John's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$965k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Granthal LLC · 1 yrs held
Granthal LLC
since 2025
Last sale
$900,500
7 recorded transactions
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+414.2%
Office building
$1.4M
+413.7%
Medical building
$1.0M
+283.7%
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
Method
Estimation
Statistic approach
$855,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,365,000
Change: +414% · Conversion: Easy
OFFICE BUILDING
$1,360,000
Change: +414% · Conversion: Moderate
MEDICAL BUILDING
$1,015,000
Change: +284% · Conversion: Difficult
RESTAURANT
$1,010,000
Change: +281% · Conversion: Difficult
RETAIL STORES
$825,000
Change: +212% · Conversion: Easy
AUTO REPAIR, GARAGE
$735,000
Change: +177% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $901k (May 19 2025)
Last sale anchor
$901k
May 19 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$83 / SF
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
$50,137
Tax year 2023
Assessed value
$4,192,018
Assessed 2023
Previous assessed
$3,777,959
+11.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,059,702
Assessed improvement
$2,132,316
Land market value
$2,059,702
Improvement market value
$2,132,316
Total market value
$4,192,018
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Heating
YES
Buildings
2
Stories
1
Units
1
Total area
10,842 SF
Lot
3.34 ac (145,490 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
059A083
UPID
US53-3288559
Jurisdiction
ROWAN
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Zoning HB:HIGHWAY BUSINESS · permitted uses
HB:HIGHWAY BUSINESS · Salisbury, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salisbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$735,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
YES
Stories
1
Buildings
2
Units
1
Lot
3.34 ac
Current owner
From public records · entity-resolved
Granthal LLC
Entity
Free & Clear · 1 yrs held
Mailing address
14001 DALLAS PKWY STE #1230, DALLAS, TX 75240-1352
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2025
$900,500
Granthal LLC
Fm Salisbury S C LLC
Special Warranty Deed
—
Nov 8, 2023
—
Fm Salisbury Sc LLC
—
Deed
related
$28,250,000 · East West Bank
Oct 25, 2013
—
Fm Salisbury S C LLC
Plainview Shopping Center II
Quit Claim Deed
related
—
Oct 25, 2013
$4,598,000
Fm Salisbury S & C LLC
Plainview Shopping Center II
Grant Deed
—
Oct 8, 2013
—
Fm Salisbury S C LLC
Plainview Shopping Center II LLC
Grant Deed
related
—
Oct 7, 2013
$4,598,000
Fm Salisbuiry S C LLC
Plainview,shopping Center II
Grant Deed
—
Oct 1, 2013
—
Plainview Shopping Center II L
Plainview Shopping Center LLC
Quit Claim Deed
—
Feb 4, 2013
—
Plainview,shopping Center II L
Plainview Shopping Center LLC
Quit Claim Deed
related
—
Aug 28, 2009
—
Plainview Shopping Center Ll
—
Loan Modification
related
$3,281,250 · Key Bank & Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1030 Freeland Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
