New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,160,000
Industrial properties
105 Smt Park Dr, Salisbury, NC 28146-6325
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-0868111
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Total area
98,024 SF
Lot
8.4 ac (365,904 SF)
Zoning code
M1
APN
402C004
UPID
US53-0868111
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
-
Square D Building Supply Electrical Service
-
Schneider Electric USA Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.49M
CAP Approach
CAP
$9.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.16M
Owner & transaction history
Realty Income Us Core Plus 2 LP · 1 yrs held
Realty Income Us Core Plus 2 LP
since 2025
4 recorded transactions
Zoning & alternative use
M1 · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.3M
+290.9%
Medical building
$13.8M
+278.1%
Commercial (general)
$13.1M
+257.3%
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
$9,810,000
ML approach
$8,485,000
CAP Approach
CAP Return
Estimation
6%
$9,950,000
6.5%
$9,185,000
7%
$8,530,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$14,285,000
Change: +291% · Conversion: Easy
MEDICAL BUILDING
$13,820,000
Change: +278% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,060,000
Change: +257% · Conversion: Difficult
RESTAURANT
$11,775,000
Change: +222% · Conversion: Difficult
OFFICE BUILDING
$11,675,000
Change: +219% · Conversion: Difficult
RETAIL STORES
$9,025,000
Change: +147% · Conversion: Moderate
Blend value · Realmo final
$9.16M
Range $8.24M – $10.08M · ±10%
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
$93 / 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
$38,300
Tax year 2023
Assessed value
$5,716,377
Assessed 2023
Previous assessed
$4,582,559
+24.7% YoY
Effective rate
0.67%
On assessed value
Assessed land
$491,280
Assessed improvement
$5,225,097
Land market value
$491,280
Improvement market value
$5,225,097
Total market value
$5,716,377
Applied tax rate
112.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2006
Heating
PACKAGE
Cooling
YES
Stories
1
Bathrooms
2
Total area
98,024 SF
Lot
8.4 ac (365,904 SF)
Zoning code
M1
APN
402C004
UPID
US53-0868111
Jurisdiction
ROWAN
Zoning & alternative use
M1 · Salisbury, NC
Zoning M1 · permitted uses
M1 · 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
AUTO REPAIR, GARAGE
Est. value
$14.3M
MEDICAL BUILDING
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$13.1M
RESTAURANT
Est. value
$11.8M
OFFICE BUILDING
Est. value
$11.7M
RETAIL STORES
Est. value
$9.0M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
2006
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
8.4 ac
Current owner
From public records · entity-resolved
Realty Income Us Core Plus 2 LP
Entity
Free & Clear · 1 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
—
Realty Income Us Core Plus 2 LP
Mdc Nc3 LP
Deed
—
Nov 4, 2021
$9,500,000
Mdc Nc3 LP
Tkc Xci LLC
Special Warranty Deed
—
Aug 30, 2018
—
Tkc Xci LLC
—
Loan Modification
related
$15,650,000 · Thrivent Fin'l/lutherans
Dec 22, 2005
—
Tkc Xci LLC
County Of Rowan
Special Warranty Deed
$4,100,000 · Branch Banking And Trust Co
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 105 Smt Park 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.
