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    Property profile & analytics
    OFF-MARKET Estimated value $2,635,000
    Industrial land

    1820 Martin Luther King Jr Ave, Salisbury, NC 28144-5590

    4.13 ac lot
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US53-3095078
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 1820 Martin Luther King Jr Ave in Salisbury, NC, offers 100,000 square feet of warehouse space in a single-tenant building situated on approximately 5.52 acres. Built in 1983, this two-story structure boasts impressive features including 24-foot clear height at the front (22-foot eaves) and 20-foot clear height at the rear (17-foot eaves). The property includes four dock-high doors and two drive-in doors, ensuring efficient loading and unloading. Ample power is provided by a 2000-amp, 480-volt, 3-phase system. The building also features approximately 5,000 square feet of office space spread across two stories. Column spacing is 24'5" x 38'. The warehouse benefits from a wet sprinkler system and is strategically located just one mile from I-85, offering excellent access to major transportation routes. Furthermore, the property has the potential for rail access. The building is equipped with several cranes, including one 500 lb jib crane, one 500 lb bridge crane, one 1/2 ton jib crane, and six 3-ton bridge cranes. This property presents a significant opportunity for businesses seeking a large, well-equipped warehouse in a convenient location.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 4.13 ac (179,903 SF)
    Zoning code M1
    APN 017 185
    UPID US53-3095078
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.21M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.64M
    Owner & transaction history
    Thermoid Warehouse LLC · 3 yrs held
    Thermoid Warehouse LLC
    since 2023
    Last sale
    $3.0M
    3 recorded transactions
    2023
    $3.0M
    2022
    $1.5M
    2022
    Zoning & alternative use
    M1 · Salisbury, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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