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    Property profile & analytics
    OFF-MARKET Estimated value $2,230,000
    Retail space

    280 Furniture Dr, Salisbury, NC 28147-9326

    11,680 SF 6.76 ac lot Built 1978
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-1724642
    Property summary
    AI-generated overview

    This ±35,684 square foot industrial property, situated on approximately 6.79 acres, presents a significant opportunity for businesses seeking versatile warehouse, manufacturing, or distribution space. The building, constructed in 1978 and extensively renovated in 2024, offers a modern and efficient layout. The space boasts high ceilings, measuring 11.5 feet at the eave and 12.5 feet at the center, providing ample vertical clearance for storage and operations. Loading is facilitated by six dock-high doors and one drive-in door, ensuring smooth and efficient material handling. The property also includes approximately 3,601 square feet of office space, ideal for administrative functions. Parking is readily available with 19 auto spaces. The property is currently available for immediate occupancy, with a minimum divisible space of 15,008 square feet, offering flexibility for various business needs. This prime industrial location provides easy access to [Location information not provided, therefore omitted]. The combination of modern amenities, ample space, and convenient location makes this property an exceptional investment opportunity.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1978
    Construction STEEL FRAME
    Total area 11,680 SF
    Lot 6.76 ac (294,466 SF)
    Zoning code CBI
    APN 408 052
    UPID US53-1724642
    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
    • Rufty's Chrismon Shop (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.00M
    CAP Approach CAP
    $2.21M
    Comparable Approach Comparable
    $1.48M
    Blend (final) Blend
    $2.23M
    Owner & transaction history
    Hb University City 1 LLC · 1 yrs held
    Hb University City 1 LLC
    since 2025
    Last sale
    $2.3M
    6 recorded transactions
    2025
    $2.3M
    2024
    $1.7M
    2005
    1969
    1969
    1969
    Zoning & alternative use
    CBI · Salisbury, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.7M +58.2%
    Medical building $1.6M +53.1%
    Commercial (general) $1.6M +44.7%
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