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Property profile & analytics
OFF-MARKET
Estimated value
$5,435,000
Retail properties & Spaces
120 Tingle Dr, Salisbury, NC 28146-6146
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4895291
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2015
Construction
STEEL FRAME
Total area
55,220 SF
Lot
2.94 ac (128,066 SF)
APN
402C014
UPID
US53-4895291
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.25M
Blend (final)
Blend
$5.44M
Owner & transaction history
Rowan Summit LLC · 7 yrs held
Rowan Summit LLC
since 2018
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.0M
+58.2%
Medical building
$7.8M
+53.1%
Commercial (general)
$7.4M
+44.7%
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
by Request
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
$5,085,000
Current use
AUTO REPAIR, GARAGE
$8,045,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$7,785,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,355,000
Change: +45% · Conversion: Easy
RESTAURANT
$6,635,000
Change: +30% · Conversion: Easy
OFFICE BUILDING
$6,575,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$5.44M
Range $4.89M – $5.98M · ±10%
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
$98 / 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
$32,743
Tax year 2023
Assessed value
$4,887,072
Assessed 2023
Previous assessed
$4,131,364
+18.3% YoY
Effective rate
0.67%
On assessed value
Assessed land
$1,070,160
Assessed improvement
$3,816,912
Land market value
$1,070,160
Improvement market value
$3,816,912
Total market value
$4,887,072
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
YES
Stories
1
Units
1
Total area
55,220 SF
Lot
2.94 ac (128,066 SF)
APN
402C014
UPID
US53-4895291
Jurisdiction
ROWAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.4M
RESTAURANT
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.6M
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
2015
Construction
STEEL FRAME
Heating
YES
Stories
1
Units
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Rowan Summit LLC
Entity
Mailing address
736 CHERRY ST, CHATTANOOGA, TN 37402-1909
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2018
—
Rowan Summit LLC
—
Grant Deed
related
$14,500,000 · Trustmark Nat'l Bk
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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