Property profile

203 Mocksville Ave Salisbury, NC 28144

FOR LEASE
Medical Office Space
Property ID
US53-1233118
6,958 SF 1.28 ac lot Built 2001
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A medical office building, located at 203 Mocksville Avenue in Salisbury, North Carolina, presents a unique leasing opportunity. The property boasts a total of 13,575 square feet across a single, two-story building situated on a 1.283-acre lot. Currently, there is 4,694 square feet of vacant space available for lease, ideal for a medical practice seeking expansion or a new tenant looking for a prime location. The building, constructed in 2001, features a multi-tenant configuration with suites available on both the first and second floors. Its convenient location offers unparalleled access to major healthcare facilities. The property is only three blocks from Novant Rowan Medical Center, a 24-hour hospital, and a short five-minute drive from the W.G. Hefner VA Medical Center. This strategic positioning within a cluster of other medical offices ensures high visibility and easy access for patients. The property's APN is 006-133. This is an exceptional opportunity to establish or expand a medical practice in a thriving, well-established medical corridor. The building's Class A designation reflects its high-quality construction and modern amenities. Don't miss this chance to secure a prominent presence in Salisbury's healthcare community. The zip code is 28144.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2001
Total area 6,958 SF
Lot 1.28 ac (55,757 SF)
Zoning code B1
APN 006 133
UPID US53-1233118

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

203 Mocksville Ave Salisbury, NC 28144
Salisbury metro Census 50400 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.62M
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.35M

Owner & transaction history

since 2018
3 recorded transactions
2020
Price N/A
2018
$3.1M
1969
Price N/A

Zoning & alternative use

B1 · Salisbury, NC
Top alternative use upside
Auto repair, garage $1.0M +3.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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