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    FOR LEASE
    Office buildings

    1121 Old Concord Rd, Salisbury, NC 28146

    9,084 SF 0.62 ac lot Built 1985
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US53-0145055
    Property summary
    AI-generated overview

    This fully renovated, 15-suite office building in Salisbury, NC presents a compelling investment opportunity. Completed within the last five years, the property boasts 100% occupancy, generating a substantial annual gross income of $142,956. The building offers a range of desirable features designed to attract and retain tenants, including a shared lobby, a convenient breakroom, and ample parking with 38 spaces. Each of the fifteen executive office suites is currently leased, ensuring immediate cash flow for the new owner. The property's strategic location provides excellent accessibility, situated just 0.6 miles from Interstate 85 and 1.5 miles from downtown Salisbury, offering tenants easy access to major transportation routes and the city's amenities. This turnkey operation requires minimal management, making it an ideal investment for those seeking a stable and profitable commercial real estate asset. The 0.62-acre lot provides ample space for the building and its parking facilities. The building's recent renovation ensures modern aesthetics and functionality, minimizing the need for immediate capital expenditures. This is a rare opportunity to acquire a high-performing, income-generating office building in a desirable location. The property is ready for immediate ownership and offers a strong return on investment.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1985
    Total area 9,084 SF
    Lot 0.62 ac (27,007 SF)
    Zoning code M1
    APN 069 00402
    UPID US53-0145055
    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
    • Howard Brown Agency Inc Insurance Agency
    • PC Pro (Tech NC) Computer & Electronic Repair
    • Quick Release Bail Bonds, LLC Law Firm
    • All Your Heart Needs CPR Training Center Vocational School
    • Pediatric Advanced Therapy Medical Clinic Pediatrician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $540k
    Blend (final) Blend
    $520k
    Owner & transaction history
    6814 Construction LLC · 6 yrs held
    6814 Construction LLC
    since 2019
    7 recorded transactions
    2023
    2021
    2019
    $275,000
    2015
    $439,200
    2014
    2007
    2005
    Zoning & alternative use
    M1 · Salisbury, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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