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Property profile & analytics
OFF-MARKET
Office buildings
108 Main Gq St, Salisbury, NC 28146
Individually Owned
~
Est. High Equity
Property ID
US53-0626583
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Total area
3,589 SF
Lot
0.25 ac (10,846 SF)
Zoning code
GB
APN
413 024
UPID
US53-0626583
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
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
Town Of Faith
Town Of Faith
since 2026
7 recorded transactions
Zoning & alternative use
GB · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,103
Tax year 2023
Assessed value
$313,421
Assessed 2023
Previous assessed
$247,247
+26.8% YoY
Effective rate
0.99%
On assessed value
Assessed land
$35,298
Assessed improvement
$278,123
Land market value
$35,298
Improvement market value
$278,123
Total market value
$313,421
Applied tax rate
108.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1945
Heating
YES
Stories
2
Units
1
Total area
3,589 SF
Lot
0.25 ac (10,846 SF)
Zoning code
GB
APN
413 024
UPID
US53-0626583
Jurisdiction
ROWAN
Zoning & alternative use
GB · Salisbury, NC
Zoning GB · permitted uses
GB · 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.
Building & site characteristics
From public records
Year built
1945
Heating
YES
Stories
2
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Town Of Faith
Individual
Mailing address
PO BOX 697, ROCKWELL, NC 28138-0697
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
$314,000
Town Of Faith
Potters House Fellowship INC
Warranty Deed
—
Dec 7, 2011
$135,000
Potters House Fellowship I
Farmers & Merchants Bank Of Granite Quarry
Grant Deed
$108,000 · Citizens South Bank
Oct 1, 2010
$153,093
Farmers & Merchants Bk Of Granite
Sayers,donald D
Trustees Deed
related
—
Sep 28, 2010
$153,500
Farmers & Merchants Bank Of Gr
Smith,lori B
Grant Deed
related
—
Jan 12, 2007
$251,000
Lori B Smith
Shoaf,michael K
Grant Deed
—
—
—
Douglas L Smith
—
Deed Of Trust
related
$250,000 · F & M Bank
—
—
Lori B Smith
—
Deed Of Trust
related
$50,000 · Chase Bank USA NA
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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