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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Retail space
118 Main St, Salisbury, NC 28144-4336
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1677877
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
20,036 SF
Lot
0.36 ac (15,682 SF)
Zoning code
B5
APN
102565
UPID
US53-1677877
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
-
Daly Mills Family Law Law Firm
-
Score More Sports Salisbury (Bike/Boat/Book/etc) Store
-
Salisbury Mural Tour Operator
-
Essential Connections Wellness Services, PLLC Counselor
-
Mother Earth Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$2.03M
Owner & transaction history
Kare Partners LLC · 3 yrs held
Kare Partners LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
B5 · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+110.2%
Medical building
$2.8M
+103.4%
Commercial (general)
$2.7M
+92.2%
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
$1,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,390,000
Current use
AUTO REPAIR, GARAGE
$2,920,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$2,825,000
Change: +103% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,670,000
Change: +92% · Conversion: Easy
RESTAURANT
$2,405,000
Change: +73% · Conversion: Easy
OFFICE BUILDING
$2,300,000
Change: +66% · Conversion: Easy
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.00M (Aug 18 2022)
Last sale anchor
$2.00M
Aug 18 2022
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
$101 / 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
$11,453
Tax year 2023
Assessed value
$1,556,122
Assessed 2023
Previous assessed
$805,555
+93.2% YoY
Effective rate
0.74%
On assessed value
Assessed land
$195,320
Assessed improvement
$1,360,802
Land market value
$195,320
Improvement market value
$1,360,802
Total market value
$1,556,122
Applied tax rate
131.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
YES
Stories
3
Units
1
Total area
20,036 SF
Lot
0.36 ac (15,682 SF)
Zoning code
B5
APN
102565
UPID
US53-1677877
Jurisdiction
ROWAN
Zoning & alternative use
B5 · Salisbury, NC
Zoning B5 · permitted uses
B5 · 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
RETAIL STORES Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RESTAURANT
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
1900
Heating
YES
Stories
3
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Kare Partners LLC
Entity
Free & Clear · 3 yrs held
Mailing address
139 POLO DR, SALISBURY, NC 28144-8512
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$1,850,000
Kare Partners LLC
Salisbury Newsmedia LLC
Special Warranty Deed
—
Aug 18, 2022
$2,000,000
Wilson Professional Realty LLC
Kmd Holdings LLC
Warranty Deed
$1,575,000 · Truliant FCU
May 4, 2020
—
Kmd Holdings LLC
—
Deed
related
$547,601 · The Fidelity Bank
Sep 13, 2019
—
Tpg 118 LLC
Post Publishing Co
Warranty Deed
related
—
Jun 16, 2016
—
Kmd Holdings LLC
—
Deed
related
$1,100,000 · The Fidelity Bank
Jan 19, 2016
$510,000
Kmd Holdings LLC
Communityone Bank NA
Special Warranty Deed
$388,816 · The Fidelity Bank
Sep 10, 2012
$800,000
Communityone Bk NA
Fletcher John W III
Trustees Deed
related
—
Jun 24, 2011
—
Miller Davis Dev LLC
—
Deed Of Trust
related
$1,242,544 · Communityone Bank
Jun 19, 2009
—
Miller Davis Dev LLC
—
Trustees Deed
related
$943,500 · Communityone Bank
—
—
Miller Davis Dev LLC
—
Deed Of Trust
related
$292,000 · Bank Of North Carolina
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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