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Property profile & analytics
OFF-MARKET
Estimated value
$7,295,000
Strip malls
2102 Statesville Blvd Salisbury, NC 28147-1410
Entity Owned
~
Est. High Equity
Property ID
US53-1272991
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
81,412 SF
Lot
9.83 ac (428,195 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
331C023
UPID
US53-1272991
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
-
Family Dollar (Bike/Boat/Book/etc) Store Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.30M
Owner & transaction history
Salisbury Sc LLC
Salisbury Sc LLC
since 2025
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.0M
+504.4%
Office building
$11.0M
+453.1%
Restaurant
$7.8M
+293.9%
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%
$7,830,000
6.5%
$7,230,000
7%
$6,710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,025,000
Change: +504% · Conversion: Easy
OFFICE BUILDING
$11,005,000
Change: +453% · Conversion: Moderate
RESTAURANT
$7,835,000
Change: +294% · Conversion: Difficult
MEDICAL BUILDING
$7,440,000
Change: +274% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,300,000
Change: +267% · Conversion: Difficult
RETAIL STORES
$7,100,000
Change: +257% · Conversion: Easy
Blend value · Realmo final
$7.30M
Range $6.57M – $8.02M · ±10% · vs last sale $10.00M (Jul 27 2025)
Last sale anchor
$10.00M
Jul 27 2025
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
$90 / 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
$75,331
Tax year 2023
Assessed value
$6,298,555
Assessed 2023
Previous assessed
$5,498,088
+14.6% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,873,679
Assessed improvement
$4,424,876
Land market value
$1,873,679
Improvement market value
$4,424,876
Total market value
$6,298,555
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
YES
Stories
1
Units
1
Total area
81,412 SF
Lot
9.83 ac (428,195 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
331C023
UPID
US53-1272991
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$12.0M
OFFICE BUILDING
Est. value
$11.0M
RESTAURANT
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$7.3M
RETAIL STORES
Est. value
$7.1M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1986
Heating
YES
Stories
1
Units
1
Lot
9.83 ac
Current owner
From public records · entity-resolved
Salisbury Sc LLC
Entity
Mailing address
500 VOLVO PKWY, CHESAPEAKE, VA 23320-1604
Ownership since
2025
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
Oct 27, 2025
$10,000,000
Salisbury Sc LLC
Mdr Salisbury LLC
Special Warranty Deed
$6,200,000 · Provident Bank
Jul 31, 2023
—
Family Dollar Stores Of Nc LLC
Mdr Salisbury LLC
Lease
—
Nov 17, 2022
—
Family Dollar Stores Of Nc LLC
Mdr Salisbury LLC
Lease
—
Jun 14, 2022
$10,025,000
Mdr Salisbury LLC
Rcc Salisbury Marketplace LLC
Special Warranty Deed
—
Jan 3, 2018
—
Rcc Salisbury Marketplace LLC
Bre Mariner Salisbury Marketpl
Quit Claim Deed
related
—
Jan 3, 2018
$68,000
Rcc Salisbury Marketplace LLC
Bre Mariner Salisbury Marketplace L
Special Warranty Deed
—
Dec 29, 2011
$8,352,000
Bre Mariner Salisbury Marketplace L
Irt Partners LP
Limited Warranty Deed
$210,000,000 · Wells Fargo Bank NA
Dec 20, 2011
$8,352,000
Mariner Salisbury Marketpl Bre
Irt,partners LP
Grant Deed
$210,000,000 · Wells Fargo 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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