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Property profile & analytics
FOR SALE
Turn key restaurants
122 E Innes St, Salisbury, NC 28144
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0141175
For Sale
1 / 15
$1,099,000
122 E Innes St, Salisbury, NC 28144
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1890
Total area
3,720 SF
Lot
0.05 ac (2,352 SF)
Zoning code
B5
APN
102475
UPID
US53-0141175
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
-
Salt+Steel Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eileen Fagan Jones · 5 yrs held
Eileen Fagan Jones
since 2021
7 recorded transactions
Zoning & alternative use
B5 · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,171
Tax year 2023
Assessed value
$159,163
Assessed 2023
Previous assessed
$136,575
+16.5% YoY
Effective rate
0.74%
On assessed value
Assessed land
$43,602
Assessed improvement
$115,561
Land market value
$43,602
Improvement market value
$115,561
Total market value
$159,163
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1890
Heating
FORCED AIR
Stories
2
Units
1
Total area
3,720 SF
Lot
0.05 ac (2,352 SF)
Zoning code
B5
APN
102475
UPID
US53-0141175
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.
Building & site characteristics
From public records
Year built
1890
Heating
FORCED AIR
Stories
2
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Eileen Fagan Jones
Individual
Mailing address
118 W INNES ST, SALISBURY, NC 28144-4326
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2021
$500,000
Eileen Fagan Jones
George Erickson Jones JR
Warranty Deed
related
$300,000 · Peoples Bank
Sep 11, 2020
—
George E Jones JR.
—
Deed
related
$150,000 · Gabby III LLC
Jan 31, 2020
—
Salprop LLC
Lawrence J Roth
Warranty Deed
—
Aug 7, 2019
$440,000
George E Jones JR.
Gabby II LLC
Warranty Deed
$340,000 · Gabby III LLC
Jun 28, 2019
$250,000
Lawrence J Roth
Earth Signs LLC
Warranty Deed
—
Mar 4, 2011
—
Earth Signs LLC
Pizzardi,frederick
Grant Deed
related
$210,000 · Bank Of Nc
May 15, 2008
—
Earth Signs LLC
Pizzardi,frederick
Warranty Deed
$160,000 · Bank Of North Carolina
May 14, 2008
—
Earth Signs LLC
Pizzardi,frederick
Grant Deed
$160,000 · Bank Of North Carolina
Aug 8, 2006
$140,000
Frederick Pizzardi
Harrison,marilyn J
Warranty Deed
$119,000 · F & M Bank
Aug 7, 2006
$140,000
Frederick Pozzardi
Harrison,marilyn J
Grant Deed
—
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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