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Property profile & analytics
OFF-MARKET
Estimated value
$10,200,000
Retail properties & Spaces
1395 Klumac Rd, Salisbury, NC 28147-9086
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-2014574
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2008
Construction
STEEL FRAME
Total area
69,072 SF
Lot
11.32 ac (493,099 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
060D002
UPID
US53-2014574
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
-
Kohl's Department Store
-
SEPHORA at Kohl's Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.30M
CAP Approach
CAP
$13.05M
Comparable Approach
Comparable
$9.24M
Blend (final)
Blend
$10.20M
Owner & transaction history
Rcg Wallace I Pm LLC · 1 yrs held
Rcg Wallace I Pm LLC
since 2025
Last sale
$12.6M
7 recorded transactions
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.1M
+58.2%
Medical building
$9.7M
+53.1%
Commercial (general)
$9.2M
+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
$8,020,000
ML approach
$7,300,000
CAP Approach
CAP Return
Estimation
6%
$14,135,000
6.5%
$13,045,000
7%
$12,115,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,360,000
Current use
AUTO REPAIR, GARAGE
$10,065,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$9,735,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,200,000
Change: +45% · Conversion: Easy
RESTAURANT
$8,295,000
Change: +30% · Conversion: Easy
OFFICE BUILDING
$8,225,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$10.20M
Range $9.18M – $11.22M · ±10% · vs last sale $12.56M (Apr 26 2022)
Last sale anchor
$12.56M
Apr 26 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
$148 / 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
$123,365
Tax year 2023
Assessed value
$10,314,805
Assessed 2023
Previous assessed
$9,673,358
+6.6% YoY
Effective rate
1.20%
On assessed value
Assessed land
$3,853,400
Assessed improvement
$6,461,405
Land market value
$3,853,400
Improvement market value
$6,461,405
Total market value
$10,314,805
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
YES
Buildings
2
Stories
1
Units
1
Total area
69,072 SF
Lot
11.32 ac (493,099 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
060D002
UPID
US53-2014574
Jurisdiction
ROWAN
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Zoning HB:HIGHWAY BUSINESS · permitted uses
HB:HIGHWAY BUSINESS · 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
$6.4M
AUTO REPAIR, GARAGE
Est. value
$10.1M
MEDICAL BUILDING
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$9.2M
RESTAURANT
Est. value
$8.3M
OFFICE BUILDING
Est. value
$8.2M
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
2008
Construction
STEEL FRAME
Heating
YES
Stories
1
Buildings
2
Units
1
Lot
11.32 ac
Current owner
From public records · entity-resolved
Rcg Wallace I Pm LLC
Entity
Free & Clear · 1 yrs held
Mailing address
23425 COMMERCE PARK STE #103, CLEVELAND, OH 44122-5848
Ownership since
2025
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
Jun 12, 2025
—
Rcg Wallace I Pm LLC
Arg Wcsalnc001 LLC
Deed
—
Jun 12, 2025
$10,277,000
Rcg Wallace I Pl LLC
Arg Wcsalnc001 LLC
Special Warranty Deed
—
Apr 26, 2022
$12,561,000
Arg Wcsaln001 LLC
Cole Mt Salisbury Nc LLC
Special Warranty Deed
—
Dec 31, 2012
$12,000,000
Cole Mt Salisbury Nc LLC
Wallace Commons LLC
Grant Deed
—
Dec 21, 2012
$12,000,000
Cole Mt Salisbury Nc LLC
Wallace Commons LLC
Grant Deed
—
—
—
Cole Mt Salisbury Nc LLC
—
Deed Of Trust
related
$250,000,000 · J P Morgan Chase Bank
—
—
Cole Mt Salisbury Nc LLC
—
Deed Of Trust
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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