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Property profile & analytics
OFF-MARKET
Theaters & concert halls
1951 Statesville Blvd, Salisbury, NC 28144
Entity Owned
12-yr Hold
Free & Clear
Property ID
US53-0083497
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1978
Total area
14,635 SF
Lot
2.17 ac (94,525 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
331 143
UPID
US53-0083497
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rowan County North Carolina · 12 yrs held
Rowan County North Carolina
since 2013
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,524
Tax year 2023
Assessed value
$712,717
Assessed 2023
Previous assessed
$647,998
+10.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$460,809
Assessed improvement
$251,908
Land market value
$460,809
Improvement market value
$251,908
Total market value
$712,717
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1978
Heating
YES
Cooling
YES
Stories
2
Total area
14,635 SF
Lot
2.17 ac (94,525 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
331 143
UPID
US53-0083497
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
1978
Heating
YES
Cooling
Yes
Stories
2
Lot
2.17 ac
Current owner
From public records · entity-resolved
Rowan County North Carolina
Entity
Free & Clear · 12 yrs held
Mailing address
130 W INNES ST, SALISBURY, NC 28144-4375
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2013
$3,425,000
Rowan County North Carolina
North Salisbury Realty LLC
Grant Deed
—
Dec 13, 2013
$3,425,000
Rowan County North Carolina
North Salisbury Realty LLC
Grant Deed
related
—
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
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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