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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Medical Office Space
1910 Jake Alexander W Blvd, Salisbury, NC 28147-1162
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-3173214
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
6,646 SF
Lot
1 ac (43,560 SF)
Zoning code
LOI
APN
333 102
UPID
US53-3173214
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
$1.12M
Blend (final)
Blend
$920k
Owner & transaction history
Zep Properties LLC · 8 yrs held
Zep Properties LLC
since 2018
6 recorded transactions
Zoning & alternative use
LOI · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$970,000
+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
$935,000
Current use
AUTO REPAIR, GARAGE
$970,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$885,000
Change: -6% · Conversion: Easy
RESTAURANT
$800,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$790,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$138 / 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
$16,298
Tax year 2023
Assessed value
$1,362,731
Assessed 2023
Previous assessed
$1,060,557
+28.5% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1.00
Assessed improvement
$1,362,730
Land market value
$1.00
Improvement market value
$1,362,730
Total market value
$1,362,731
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
2002
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,646 SF
Lot
1 ac (43,560 SF)
Zoning code
LOI
APN
333 102
UPID
US53-3173214
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
$935,000
AUTO REPAIR, GARAGE
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$885,000
RESTAURANT
Est. value
$800,000
OFFICE BUILDING
Est. value
$790,000
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
2002
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Zep Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
810 MITCHELL AVE, SALISBURY, NC 28144-6253
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2018
$1,190,000
Zep Properties LLC
Wncvs LLC
Warranty Deed
—
Nov 22, 2016
$935,000
Wncvs LLC
Gt Capital II LLC
Warranty Deed
$945,000 · Bank Of Nc
Oct 3, 2013
—
Gt Capital II LLC
—
Loan Modification
related
$1,038,249 · Cortrust Bank
May 31, 2013
—
Gt Capital II LLC
Gt Capital LLC
Quit Claim Deed
—
Dec 31, 2012
$1,815,500
Gt Capital LLC
Rowan Business Alliance INC
Warranty Deed
related
—
—
—
Rowan Business Alliance INC
—
Deed Of Trust
related
$205,000 · Bank Of North Carolina
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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