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1121 Old Concord Rd Salisbury, NC 28146

Office buildings Google Maps
9,084 SF 0.62 ac lot Built 1985
Entity Owned 6-yr Hold Free & Clear
No photos on file
For Sale
Contact for pricing 9,084 SF
1121 Old Concord Rd, Salisbury, NC 28146
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Estimated value (blended)
$275k
Range $248k – $303k (±10%)
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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Computer & Electronic Repair
  • Law Firm
  • Training Center Vocational School
  • 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
$275k

Owner & transaction history

since 2019
7 recorded transactions
2023
Price N/A
2021
Price N/A
2019
$275,000
2015
$439,200
2014
Price N/A
2007
Price N/A
2005
Price N/A

Zoning & alternative use

M1 · Salisbury, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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