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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Retail space
1301 Innes St, Salisbury, NC 28146-6139
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1588040
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
7,200 SF
Lot
0.71 ac (31,015 SF)
Zoning code
B4
APN
059 089
UPID
US53-1588040
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
-
Rush My Passport (Bike/Boat/Book/etc) Store
-
Collectors Cove (Bike/Boat/Book/etc) Store
-
FedEx Drop Box Postal Service Courier Service
-
FedEx Office Print & Ship Center Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$993k
Blend (final)
Blend
$1.38M
Owner & transaction history
Diya USA INC · 3 yrs held
Diya USA INC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
B4 · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+58.2%
Medical building
$1.0M
+53.1%
Commercial (general)
$960,000
+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
$1,330,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
$1,475,000
6.5%
$1,360,000
7%
$1,265,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,050,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$1,015,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$960,000
Change: +45% · Conversion: Easy
RESTAURANT
$865,000
Change: +30% · Conversion: Easy
OFFICE BUILDING
$855,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.73M (May 5 2023)
Last sale anchor
$1.73M
May 5 2023
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
$192 / 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
$12,663
Tax year 2023
Assessed value
$1,058,810
Assessed 2023
Previous assessed
$915,255
+15.7% YoY
Effective rate
1.20%
On assessed value
Assessed land
$535,078
Assessed improvement
$523,732
Land market value
$535,078
Improvement market value
$523,732
Total market value
$1,058,810
Applied tax rate
101.0000
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
2007
Heating
YES
Stories
1
Units
1
Total area
7,200 SF
Lot
0.71 ac (31,015 SF)
Zoning code
B4
APN
059 089
UPID
US53-1588040
Jurisdiction
ROWAN
Zoning & alternative use
B4 · Salisbury, NC
Zoning B4 · permitted uses
B4 · 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
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$960,000
RESTAURANT
Est. value
$865,000
OFFICE BUILDING
Est. value
$855,000
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
2007
Heating
YES
Stories
1
Units
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Diya USA INC
Entity
Mailing address
7818 NOLAND WOODS DR, CHARLOTTE, NC 28277-0244
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
$1,725,000
Diya USA INC
Jimmy And Leo Island Properties LLC
Warranty Deed
$1,000,000 · Td Bank NA
Jun 22, 2021
$824,500
Jimmy And Leo Island Properties LLC
Hr Property LLC
Warranty Deed
—
Jul 11, 2017
$757,500
Hr Property LLC
Dancing Weasels LLC
Warranty Deed
$568,125 · Carolina Trust Bank
Mar 13, 2009
$1,800,000
Dancing Weasels LLC
Centdev Salisbury LLC
Special Warranty Deed
$900,000 · Branch Banking And Trust Co
Mar 11, 2009
$1,800,000
Dancing Weasels LLC
Centdev Salisbury LLC
Grant Deed
$900,000 · Branch Banking & Trust Co
May 30, 2006
$440,000
Centdev Salisbury LLC
Lyerly Trust
Special Warranty Deed
$220,000 · Branch Banking And Trust Co
May 30, 2006
—
Centdev Salisbury LLC
Lyerly Trust
Quit Claim Deed
related
—
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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