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Property profile & analytics
OFF-MARKET
Estimated value
$8,485,000
Medical Office Space
1101 Highland Ave, Salisbury, NC 28144-2652
Entity Owned
4-yr Hold
Property ID
US53-2003898
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
37,692 SF
Lot
2.8 ac (121,968 SF)
Zoning code
MED
APN
002 095
UPID
US53-2003898
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
$8.05M
CAP Approach
CAP
$8.75M
Comparable Approach
Comparable
$6.34M
Blend (final)
Blend
$8.49M
Owner & transaction history
Rdc Real Estate Holdings LLC · 4 yrs held
Rdc Real Estate Holdings LLC
since 2021
Last sale
$8.5M
3 recorded transactions
Zoning & alternative use
MED · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.5M
+3.4%
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
$8,730,000
ML approach
$8,045,000
CAP Approach
CAP Return
Estimation
6%
$9,480,000
6.5%
$8,750,000
7%
$8,125,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,315,000
Current use
AUTO REPAIR, GARAGE
$5,490,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$8.49M
Range $8.90M – $9.08M · vs last sale $8.45M (Nov 30 2021)
Last sale anchor
$8.45M
Nov 30 2021
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
$225 / 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
$101,954
Tax year 2023
Assessed value
$8,524,613
Assessed 2023
Previous assessed
$6,746,707
+26.4% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,215,369
Assessed improvement
$7,309,244
Land market value
$1,215,369
Improvement market value
$7,309,244
Total market value
$8,524,613
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Heating
PACKAGE
Cooling
YES
Stories
1
Units
1
Total area
37,692 SF
Lot
2.8 ac (121,968 SF)
Zoning code
MED
APN
002 095
UPID
US53-2003898
Jurisdiction
ROWAN
Zoning & alternative use
MED · Salisbury, NC
Zoning MED · permitted uses
MED · 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
MEDICAL BUILDING Current
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.5M
MEDICAL BUILDING Current
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
2003
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Rdc Real Estate Holdings LLC
Entity
Mailing address
611 MOCKSVILLE AVE, SALISBURY, NC 28144-2731
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2021
$8,450,000
Rdc Real Estate Holdings LLC
Sapona Land Company LLC
Warranty Deed
$6,760,000 · Farmers & Merchants Bank
Feb 5, 2014
—
Sapona Land Co LLC
Sapona Land Co LLC
Quit Claim Deed
related
—
—
—
Spona Land Co LLC
—
Deed Of Trust
related
$5,325,000 · Wachovia Bank 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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