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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Drive through restaurants
1939 Jake Alexander W Blvd, Salisbury, NC 28147-1143
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-3129088
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1986
Total area
2,467 SF
Lot
1.04 ac (45,302 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
331 176
UPID
US53-3129088
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
-
Bojangles Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Young Hwang Gi · 2 yrs held
Young Hwang Gi
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,120,000
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.45M (Aug 16 2023)
Last sale anchor
$1.45M
Aug 16 2023
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
$517 / 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
$10,409
Tax year 2023
Assessed value
$870,350
Assessed 2023
Previous assessed
$873,616
-0.4% YoY
Effective rate
1.20%
On assessed value
Assessed land
$543,624
Assessed improvement
$326,726
Land market value
$543,624
Improvement market value
$326,726
Total market value
$870,350
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Stories
1
Units
1
Total area
2,467 SF
Lot
1.04 ac (45,302 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
331 176
UPID
US53-3129088
Jurisdiction
ROWAN
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Zoning HB:HIGHWAY BUSINESS · permitted uses
HB:HIGHWAY BUSINESS · 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.
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Stories
1
Units
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Young Hwang Gi
Individual
Free & Clear · 2 yrs held
Mailing address
16723 CHARMEL LN, PACIFIC PALISADES, CA 90272-2213
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2023
$1,450,000
Young Hwang Gi
Aces Realty LLC
Special Warranty Deed
—
Apr 12, 2022
$850,000
Aces Realty LLC
Jean M Mayer
Warranty Deed
$680,000 · Freedom FCU
May 14, 2015
—
Rowan County North Carolina
—
Trustees Deed
related
$3,950,000 · First Bk
Nov 15, 2013
$1,207,000
Mayer,jean M Tr
North Salisbury Realty LLC
Grant Deed
—
Jun 1, 2012
—
North Salisbury Realty LLC
—
Deed Of Trust
related
$1,925,000 · Standard Insurance Co
Mar 7, 2012
$2,500,000
North Salisbury Realty LLC
Wells Fargo Bk NA 2007-5
Grant Deed
—
Feb 28, 2012
$2,500,000
North Salisbury Realty LLC
Wells Fargo Bank NA Trustee
Grant Deed
—
Mar 28, 2011
$10,350,000
Wells Fargo Bank NA 2007-c5 Tr
Donaldson,kevin C
Trustees Deed
related
—
Mar 24, 2011
$10,350,000
Wells Fargo Bank NA Trustee
Salisbury Mall Associates LLC
Grant Deed
related
—
Jun 28, 2007
$1,460,000
Salisbury Mall Associates LLC
Sabrina Of Samantha Corp
Grant Deed
$19,930,000 · Column Financial INC
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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