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Property profile & analytics
FOR LEASE
Medical Office Space
1910 Jake Alexander Blvd W, Salisbury, NC 28144
Entity Owned
Free & Clear
Property ID
US53-0805463
For Lease
1 / 3
$515,000
1910 Jake Alexander Blvd W, Salisbury, NC 28144
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
4,000 SF
Lot
0.07 ac (3,093 SF)
Zoning code
LOI
APN
333 097
UPID
US53-0805463
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
-
Anastasia Slisenko Physician
-
Rowan Credit Services Financial Advisor
-
Novant Health Rehabilitation Medicine - Salisbury Medical Group
-
Eric Hahn Physician
-
Dr. Maximilian Martinez Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$534k
Blend (final)
Blend
$515k
Owner & transaction history
South Central Oil Co INC
South Central Oil Co INC
since 2025
7 recorded transactions
Zoning & alternative use
LOI · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$585,000
+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
$565,000
Current use
AUTO REPAIR, GARAGE
$585,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: -6% · Conversion: Easy
OFFICE BUILDING
$475,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$129 / 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
$7,772
Tax year 2023
Assessed value
$649,847
Assessed 2023
Previous assessed
$550,147
+18.1% YoY
Effective rate
1.20%
On assessed value
Assessed land
$31,100
Assessed improvement
$618,747
Land market value
$31,100
Improvement market value
$618,747
Total market value
$649,847
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
For Lease
Year built
2002
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
4,000 SF
Lot
0.07 ac (3,093 SF)
Zoning code
LOI
APN
333 097
UPID
US53-0805463
Jurisdiction
ROWAN
Zoning & alternative use
LOI · Salisbury, NC
Zoning LOI · permitted uses
LOI · 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
$565,000
AUTO REPAIR, GARAGE
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$535,000
OFFICE BUILDING
Est. value
$475,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2002
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
South Central Oil Co INC
Entity
Free & Clear · 0 yrs held
Mailing address
120 E COUNCIL ST STE #200, SALISBURY, NC 28144-5186
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
—
South Central Oil Co INC
Zer Properties LLC
Special Warranty Deed
—
Oct 22, 2025
$1,700,000
South Central Oil Co INC
Zer Properties LLC
Special Warranty Deed
—
Oct 22, 2025
$4,400,000
South Central Oil Co INC
Wncvs LLC
Special Warranty Deed
—
Apr 8, 2021
—
Wncvs LLC
—
Deed
related
$2,499,499 · Pinnacle Bank
Dec 29, 2020
$100,000
Maverick Property Holdings LLC
Joshua Johnson
Warranty Deed
—
Aug 6, 2020
$155,000
Maverick Property Holdings LLC
Joedy S Dagenhart
Grant Deed
—
Jun 26, 2020
—
Cheke LLC
—
Deed
related
$1,650,000 · Uwharrie Bk
Jun 28, 2018
$273,000
Cheke LLC
Wncvs LLC
Grant Deed
—
Jun 28, 2018
—
Cheke LLC
—
Deed
related
$1,272,670 · Uwharrie Bk
May 4, 2018
$1,190,000
Zep Properties LLC
Wncvs LLC
Warranty Deed
—
Jan 3, 2018
—
Wncvs LLC
—
Deed
related
$261,000 · Carolina Tr Bk
Oct 20, 2017
—
Wncvs LLC
—
Grant Deed
related
$1,700,000 · Carolina Tr Bk
Nov 22, 2016
$935,000
Wncvs LLC
Gt Capital II LLC
Warranty Deed
$945,000 · Bank Of Nc
Feb 1, 2012
$2,593,500
Wncvs LLC
Jab No 1 LLC
Grant Deed
—
Sep 27, 2011
—
Jab 1 LLC
—
Grant Deed
related
$3,990,000 · Bank Of North Carolina
—
—
Cheke LLC
—
Deed Of Trust
related
$1,650,000 · Uwharrie Bk
—
—
Wncvs LLC
—
Deed Of Trust
related
$261,000 · Carolina Tr Bk
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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