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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Medical Office Space
340 Jake Alexander W Blvd, Salisbury, NC 28147-1364
Entity Owned
9-yr Hold
Property ID
US53-2211729
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
19,200 SF
Lot
1.64 ac (71,438 SF)
Zoning code
B1
APN
061 229
UPID
US53-2211729
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
-
Leslie E. Swafford, PA-C, MPAS Physician
-
Karen Dawn Parsons, FNP Pediatrician Physician
-
Tara A. Thomalla, MPAS Pediatrician Physician
-
George C. Murphy, FNP Physician
-
Atrium Health Urgent Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.46M
Comparable Approach
Comparable
$3.94M
Blend (final)
Blend
$3.65M
Owner & transaction history
Rkkr Holdings LLC · 9 yrs held
Rkkr Holdings LLC
since 2016
3 recorded transactions
Zoning & alternative use
B1 · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+3.4%
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%
$4,830,000
6.5%
$4,460,000
7%
$4,140,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,705,000
Current use
AUTO REPAIR, GARAGE
$2,800,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,560,000
Change: -6% · Conversion: Easy
RESTAURANT
$2,305,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$2,285,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±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
$190 / 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
$57,433
Tax year 2023
Assessed value
$4,802,054
Assessed 2023
Previous assessed
$3,445,305
+39.4% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1.00
Assessed improvement
$4,802,053
Land market value
$1.00
Improvement market value
$4,802,053
Total market value
$4,802,054
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
19,200 SF
Lot
1.64 ac (71,438 SF)
Zoning code
B1
APN
061 229
UPID
US53-2211729
Jurisdiction
ROWAN
Zoning & alternative use
B1 · Salisbury, NC
Zoning B1 · permitted uses
B1 · 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
MEDICAL BUILDING Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
2001
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Rkkr Holdings LLC
Entity
Mailing address
193 GUDGER RD, MOORESVILLE, NC 28117-7531
Ownership since
2016
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
Sep 20, 2016
$3,388,000
Rkkr Holdings LLC
Salisbury Properties LLC
Warranty Deed
$2,879,375 · Farmers & Merchants Nat'l Bk
Feb 24, 2006
—
Salisbury Properties LLC
Sonas Holdings LLC
Grant Deed
—
Feb 17, 2006
$3,128,000
Sonas Holdings LLC
Fisher-harriss Dev 3 LLC
Grant Deed
$2,658,800 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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