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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Banks
415 Jake Alexander W Blvd, Salisbury, NC 28147-1369
Entity Owned
Free & Clear
Property ID
US53-1077460
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2005
Total area
10,018 SF
Lot
1.38 ac (60,113 SF)
Zoning code
B7
APN
061 239
UPID
US53-1077460
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
-
Pinnacle Financial Partners Bank Loan Service
-
Raymond James Financial Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
Agree Limited Partnership
Agree Limited Partnership
since 2025
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
B7 · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,090,000
ML approach
$2,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±10% · vs last sale $4.00M (May 1 2023)
Last sale anchor
$4.00M
May 1 2023
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
$351 / 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
$31,901
Tax year 2023
Assessed value
$2,667,312
Assessed 2023
Previous assessed
$2,491,675
+7.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$952,200
Assessed improvement
$1,715,112
Land market value
$952,200
Improvement market value
$1,715,112
Total market value
$2,667,312
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2005
Heating
YES
Stories
2
Units
1
Total area
10,018 SF
Lot
1.38 ac (60,113 SF)
Zoning code
B7
APN
061 239
UPID
US53-1077460
Jurisdiction
ROWAN
Zoning & alternative use
B7 · Salisbury, NC
Zoning B7 · permitted uses
B7 · 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.
Building & site characteristics
From public records
Year built
2005
Heating
YES
Stories
2
Units
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Agree Limited Partnership
Entity
Free & Clear · 0 yrs held
Mailing address
150 N 3RD AVE S STE #4140, NASHVILLE, TN 37201-2011
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
$4,843,500
Agree Limited Partnership
Pnb Portfolio Owner LLC
Special Warranty Deed
—
May 1, 2023
$4,000,000
Pnb Portfolio Owner LLC
Pinnacle Bank
Special Warranty Deed
$130,818,000 · Old Republic National Title Insuran
May 1, 2023
—
Pinnacle Bank
Pnr Portfolio Owner LLC
Lease
—
Feb 10, 2005
$625,000
Bank Of North Carolina
Salisbury Village LLC
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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