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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Office buildings
110 Thermoid Way, Salisbury, NC 28144-6548
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1967348
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Total area
4,116 SF
Lot
6.74 ac (293,594 SF)
Zoning code
M1
APN
017 001
UPID
US53-1967348
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
$2.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.41M
Owner & transaction history
Thermoid Brick Warehouse LLC · 2 yrs held
Thermoid Brick Warehouse LLC
since 2023
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
M1 · 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
Method
Estimation
Statistic approach
$2,325,000
ML approach
$2,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $3.01M (Dec 14 2023)
Last sale anchor
$3.01M
Dec 14 2023
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
$586 / 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
$17,060
Tax year 2023
Assessed value
$1,426,406
Assessed 2023
Previous assessed
$1,426,406
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$338,060
Assessed improvement
$1,088,346
Land market value
$338,060
Improvement market value
$1,088,346
Total market value
$1,426,406
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1925
Heating
YES
Buildings
12
Stories
1
Units
1
Total area
4,116 SF
Lot
6.74 ac (293,594 SF)
Zoning code
M1
APN
017 001
UPID
US53-1967348
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.
Building & site characteristics
From public records
Year built
1925
Heating
YES
Stories
1
Buildings
12
Units
1
Lot
6.74 ac
Current owner
From public records · entity-resolved
Thermoid Brick Warehouse LLC
Entity
Free & Clear · 2 yrs held
Mailing address
199 LEE AVE #541, BROOKLYN, NY 11211-8919
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
—
Thermoid Brick Warehouse LLC
Thermoid Warehouse LLC
Intrafamily Transfer
related
—
Jun 28, 2023
$3,010,000
Thermoid Warehouse LLC
Holmes Iron & Metal INC
Special Warranty Deed
$1,500,000 · Holmes Iron & Metal INC
May 3, 2023
—
Holmes Iron & Metal INC
—
Deed
related
$400,000 · Farmers & Merchants Bank
Feb 23, 2022
$1,450,000
Holmes Iron & Metal INC
Hbd Thermoid INC
Special Warranty Deed
$450,000 · Hbd Thermold INC
Jan 21, 2022
—
Hbd Thermoid INC
Hbd Industries INC
Intrafamily Transfer
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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