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Property profile & analytics
OFF-MARKET
Industrial properties
123 Innes St, Salisbury, NC 28144
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1573351
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Total area
5,600 SF
Lot
0.3 ac (13,068 SF)
Zoning code
B5
APN
102536
UPID
US53-1573351
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
-
The Corner Market Antique Store Clothing Store
-
Beyond Trendy Clothing Store
-
City Salon Hair Salon Nail Salon
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
Kare Partners LLC · 3 yrs held
Kare Partners LLC
since 2022
Last sale
$1.9M
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
$2,569
Tax year 2023
Assessed value
$349,092
Assessed 2023
Previous assessed
$398,315
-12.4% YoY
Effective rate
0.74%
On assessed value
Assessed land
$113,090
Assessed improvement
$236,002
Land market value
$113,090
Improvement market value
$236,002
Total market value
$349,092
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1982
Heating
YES
Buildings
2
Stories
1
Total area
5,600 SF
Lot
0.3 ac (13,068 SF)
Zoning code
B5
APN
102536
UPID
US53-1573351
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
1982
Heating
YES
Stories
1
Buildings
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Kare Partners LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2675 CT DR, GASTONIA, NC 28054-1478
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
8 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
—
Apr 16, 2020
—
Salisbury Newsmedia LLC
—
Deed
related
$1,304,995 · Red River Bk
Sep 3, 2019
—
Salisbury Newsmedia LLC
—
Loan Modification
related
$1,923,968 · Red River Bk
Jun 12, 2019
—
Salisbury Newsmedia LLC
—
Loan Modification
related
$3,387,200 · Other Institutional Lenders
Apr 25, 2019
—
Salisbury Newsmedia LLC
—
Loan Modification
related
$2,376,680 · Red River Bk
Feb 18, 2014
$2,240,000
Salisbury Newsmedia LLC
Evening Post Industries INC
Special Warranty Deed
—
Feb 13, 2014
$2,240,000
Salisbury Newsmedia LLC
Evening Post Industries INC
Grant Deed
—
—
—
Salisbury Newsmedia LLC
—
Loan Modification
related
$1,304,995 · Red River 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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