Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Grocery and convenience stores
1831 Innes St Salisbury, NC 28144-2509
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-0958939
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Total area
3,276 SF
Lot
0.51 ac (22,216 SF)
Zoning code
BRT
APN
021 021
UPID
US53-0958939
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
-
Citgo Gas Station
-
The Pop Shoppe Grocery & Convenience Store
-
DigitalMint Bitcoin ATM Bank Credit Union
-
FuelLinks® Rewards Earned and Redeemed Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$506k
Blend (final)
Blend
$770k
Owner & transaction history
Rima Estate LLC · 6 yrs held
Rima Estate LLC
since 2020
Last sale
$736,000
7 recorded transactions
Zoning & alternative use
BRT · Salisbury, NC
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
$840,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $736k (Apr 30 2020)
Last sale anchor
$736k
Apr 30 2020
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
$235 / 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
$11,731
Tax year 2023
Assessed value
$980,885
Assessed 2023
Previous assessed
$807,353
+21.5% YoY
Effective rate
1.20%
On assessed value
Assessed land
$438,750
Assessed improvement
$542,135
Land market value
$438,750
Improvement market value
$542,135
Total market value
$980,885
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2003
Heating
PACKAGE
Cooling
YES
Stories
1
Units
1
Total area
3,276 SF
Lot
0.51 ac (22,216 SF)
Zoning code
BRT
APN
021 021
UPID
US53-0958939
Jurisdiction
ROWAN
Zoning & alternative use
BRT · Salisbury, NCZoning BRT · permitted uses
BRT · Salisbury, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Land Development Ordinance
Building & site characteristics
From public records
Year built
2003
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Rima Estate LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1831 W INNES ST, SALISBURY, NC 28144-2509
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
—
Rima Estate LLC
—
Deed
related
$1,400,000 · Firstbank
Apr 30, 2020
$736,000
Rima Estate LLC
Dv & J Properties LLC
Grant Deed
—
Apr 13, 2018
$728,000
Dv & J Properties LLC
Mid-state Petroleum Realty LLC
Grant Deed
—
Jun 2, 2014
—
Mid-state Petroleum Realty LLC
—
Loan Modification
related
$2,000,000 · High Point Bk&tr
May 31, 2011
—
Mid-state Petroleum Realty LLC
Mid-state Petroleum INC
Quit Claim Deed
$5,500,000 · Carolina Bank
May 26, 2011
—
Mid State Petroleum Realty LLC
Mid-state Petroleum INC
Grant Deed
related
—
Aug 31, 2009
—
Mid-state Petroleum INC
—
Loan Modification
related
$9,670,200 · Carolina Bank
—
—
Mid-state Petroleum Realty LLC
—
Deed Of Trust
related
$2,500,000 · High Point Bk&tr
—
—
Mid-state Petroleum Realty LLC
—
Loan Modification
related
—
—
—
Mid-state Petroleum Realty LLC
—
Deed Of Trust
related
$4,800,000 · High Point Bank & Trust Co
—
—
Mid-state Petroleum INC
—
Loan Modification
related
$600,000 · Carolina Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1831 Innes St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
