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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
342 Klumac Rd, Salisbury, NC 28144-6726
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2446665
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
2,941 SF
Lot
0.33 ac (14,505 SF)
Zoning code
M1
APN
017 097
UPID
US53-2446665
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
-
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Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$434k
Blend (final)
Blend
$600k
Owner & transaction history
Iig Of Rc LLC · 2 yrs held
Iig Of Rc LLC
since 2024
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
M1 · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$430,000
+27.0%
Medical building
$415,000
+22.8%
Commercial (general)
$390,000
+16.1%
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$430,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$415,000
Change: +23% · Conversion: Easy
COMMERCIAL (GENERAL)
$390,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (May 1 2024)
Last sale anchor
$600k
May 1 2024
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
$204 / 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
$5,637
Tax year 2023
Assessed value
$471,359
Assessed 2023
Previous assessed
$471,359
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$40,000
Assessed improvement
$431,359
Land market value
$40,000
Improvement market value
$431,359
Total market value
$471,359
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
YES
Stories
1
Units
1
Total area
2,941 SF
Lot
0.33 ac (14,505 SF)
Zoning code
M1
APN
017 097
UPID
US53-2446665
Jurisdiction
ROWAN
Zoning & alternative use
M1 · Salisbury, NC
Zoning M1 · permitted uses
M1 · 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
AUTO REPAIR, GARAGE
Est. value
$430,000
MEDICAL BUILDING
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$390,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2008
Heating
YES
Stories
1
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Iig Of Rc LLC
Entity
Mailing address
3332 NC HWY HWY S, ADVANCE, NC 27006
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
$600,000
Iig Of Rc LLC
Select Properties Of Salisbury LLC
Warranty Deed
$510,000 · The Fidelity Bank
Mar 8, 2022
—
Select Properties Of Salisbury LLC
—
Deed
related
$300,000 · Farmers & Merchants Bank
Apr 23, 2007
—
Select Props Of Salisbury LLC
Select Props Of Salisbury LLC
Quit Claim Deed
related
—
Apr 20, 2007
—
Select Properties Of Salisbury
Select Properties Of Salis
Quit Claim Deed
related
—
Sep 27, 2005
$40,000
Select Props Of Salisbury LLC
Williams Dev
Warranty Deed
$75,000 · First Bank
Apr 14, 2005
—
Williams Development Co
Williams & Henderson Holdings LLC
Warranty Deed
—
—
—
Select Props Of Salisbury LLC
—
Loan Modification
related
—
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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