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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Medical Office Space
140 Mahaley Ave, Salisbury, NC 28144-2449
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-1101478
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
12,080 SF
Lot
1.42 ac (61,855 SF)
Zoning code
B1-S
APN
021 058
UPID
US53-1101478
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
-
Ryan Alexander Matthews Dental Office Physician
-
Deeva Bhatt Dental Office
-
Brent Smith Dental Office
-
Morgan Adamson Dental Office
-
Latonya Cowser Gordon Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.53M
Owner & transaction history
Salisbury Dental Re LLC · 12 yrs held
Salisbury Dental Re LLC
since 2013
7 recorded transactions
Zoning & alternative use
B1-S · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+3.4%
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
MEDICAL BUILDING
$1,705,000
Current use
AUTO REPAIR, GARAGE
$1,760,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,610,000
Change: -6% · Conversion: Easy
RESTAURANT
$1,450,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$1,385,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±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
$127 / 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
$28,924
Tax year 2023
Assessed value
$2,418,416
Assessed 2023
Previous assessed
$1,868,748
+29.4% YoY
Effective rate
1.20%
On assessed value
Assessed land
$108,293
Assessed improvement
$2,310,123
Land market value
$108,293
Improvement market value
$2,310,123
Total market value
$2,418,416
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
4
Total area
12,080 SF
Lot
1.42 ac (61,855 SF)
Zoning code
B1-S
APN
021 058
UPID
US53-1101478
Jurisdiction
ROWAN
Zoning & alternative use
B1-S · Salisbury, NC
Zoning B1-S · permitted uses
B1-S · 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
MEDICAL BUILDING Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
2011
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
4
Lot
1.42 ac
Current owner
From public records · entity-resolved
Salisbury Dental Re LLC
Entity
Mailing address
140 MAHALEY AVEB, SALISBURY, NC 28144-2449
Ownership since
2013
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
May 4, 2020
—
Salisbury Dental Re LLC
—
Deed
related
$1,750,000 · Ssb Properties INC
Nov 4, 2013
$2,180,000
Salisbury Dental Re LLC
Salisbury Dental Invs LLC
Grant Deed
$1,853,000 · Communityone Bank
Oct 31, 2013
$2,180,000
Salisbury Dental Re LLC
Salisbury Dental Investments LLC
Grant Deed
related
$1,853,000 · Communityone Bank
Mar 11, 2011
—
Salisbury Dental Investments LLC
Salisbury Dental Investments LLC
Special Warranty Deed
$1,537,500 · Branch Banking And Trust Co
Jan 24, 2011
—
Salisbury Dental Invs LLC
Bunker,dennis N III & Kathryn M
Grant Deed
—
Jan 24, 2011
$140,000
Salisbury Dental Invs LLC
Bunker,dennis N III & Kathryn M
Grant Deed
—
Jan 15, 2011
$140,000
Salisbury Dental Investments L
Bunker,dennis N III
Grant Deed
—
Jan 15, 2011
—
Salisbury Dental Investments L
Bunker,dennis N III
Grant 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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