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Property profile & analytics
OFF-MARKET
Turn key restaurants
209 Lee St, Salisbury, NC 28144-4915
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0106521
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Total area
1,798 SF
Lot
0.19 ac (8,233 SF)
Zoning code
B5
APN
010 326
UPID
US53-0106521
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
-
SHUG's at Brooklyn South Square Bar & Pub
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
Shugs At Brooklyn South Square LLC · 3 yrs held
Shugs At Brooklyn South Square LLC
since 2022
Last sale
$285,000
5 recorded transactions
Zoning & alternative use
B5 · 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
$1,860
Tax year 2023
Assessed value
$252,749
Assessed 2023
Previous assessed
$134,387
+88.1% YoY
Effective rate
0.74%
On assessed value
Assessed land
$52,200
Assessed improvement
$200,549
Land market value
$52,200
Improvement market value
$200,549
Total market value
$252,749
Applied tax rate
131.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Heating
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,798 SF
Lot
0.19 ac (8,233 SF)
Zoning code
B5
APN
010 326
UPID
US53-0106521
Jurisdiction
ROWAN
Zoning & alternative use
B5 · Salisbury, NC
Zoning B5 · permitted uses
B5 · 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
1900
Heating
YES
Stories
1
Units
1
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Shugs At Brooklyn South Square LLC
Entity
Mailing address
209 S LEE ST, SALISBURY, NC 28144-4915
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
$285,000
Shugs At Brooklyn South Square LLC
Lee Street LLC
Warranty Deed
$228,000 · Institute Capital INC
Jan 14, 2013
$52,000
Lee Street LLC
Salisbury Community Development Corp
Grant Deed
$206,310 · Bank Of North Carolina
May 25, 2007
$95,000
Salisbury Community Developmen
Downtown Salisbury INC
Grant Deed
—
Jan 30, 2007
$180,000
Downtown Salisbury INC
Parker,joseph A
Warranty Deed
$183,981 · F & M Bank
—
—
Downtown Salisbury INC
—
Loan Modification
related
$183,981 · F & M Bank
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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