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Property profile & analytics
OFF-MARKET
Estimated value
$20,025,000
Industrial properties
2121 Heilig Rd, Salisbury, NC 28146-2316
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-0189761
Property summary
AI-generated overview
This exceptional Class A industrial property, located at 2121 Heilig Rd, Salisbury, NC 28146, offers 422,315 square feet of space in a single-tenant building on a 78.28-acre lot. Built in 1996 and renovated in 2016, this facility boasts a 26' ceiling height, 18 loading docks (14 dock-high doors and 4 drive-ins), and ample parking for 400 vehicles. The property features 15 MW of power and is zoned LI. Its strategic location provides easy access to Interstate 85 and Charlotte Douglas International Airport (within one hour). The minimum leasable space is 200,000 square feet, with the entire 422,315 square feet available. This facility is ideally suited for large-scale manufacturing and distribution operations, benefiting from North Carolina's favorable business climate and proximity to the Charlotte metropolitan area, home to numerous Fortune 500 companies. The property's modern infrastructure includes a comprehensive HVAC system. This is a rare opportunity to secure a high-quality, expansive industrial space in a prime location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Total area
420,494 SF
Lot
104.91 ac (4,569,880 SF)
APN
403 186
UPID
US53-0189761
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
-
Gildan Yarns - Plant 1 Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.75M
Blend (final)
Blend
$20.03M
Owner & transaction history
Canam Yarns LLC · 13 yrs held
Canam Yarns LLC
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$15.8M
+0.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,675,000
Current use
WAREHOUSE, STORAGE
$15,805,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$20.03M
Range $18.02M – $22.03M · ±10%
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
$48 / 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
$276,187
Tax year 2023
Assessed value
$41,221,929
Assessed 2023
Previous assessed
$44,799,708
-8.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$3,137,278
Assessed improvement
$38,084,651
Land market value
$3,137,278
Improvement market value
$38,084,651
Total market value
$41,221,929
Applied tax rate
112.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1996
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
420,494 SF
Lot
104.91 ac (4,569,880 SF)
APN
403 186
UPID
US53-0189761
Jurisdiction
ROWAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$15.7M
WAREHOUSE, STORAGE
Est. value
$15.8M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1996
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
104.91 ac
Current owner
From public records · entity-resolved
Canam Yarns LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2121 HEILIG RD, SALISBURY, NC 28146-2316
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2013
$7,940,000
Canam Yarns LLC
Pgt Industries INC
Grant Deed
—
Apr 25, 2008
—
Pgt In-dustries INC
—
Deed Of Trust
related
$235,000,000 · Ubs Ag Stamford Branch
Mar 2, 2006
$7,200,000
Pgt Industries INC
Gdx Automotive INC
Warranty Deed
—
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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