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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
429 Salisbury Ave Spencer, NC 28159-2515
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-1639931
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1966
Total area
1,776 SF
Lot
0.33 ac (14,201 SF)
Zoning code
NB:NEIGHBORHOOD BUS
APN
036 079
UPID
US53-1639931
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
-
Kings Store Inc Department Store
-
Coin Cloud Bitcoin ATM Atm Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bahdur Tamang · 2 yrs held
Bahdur Tamang
since 2024
6 recorded transactions
Zoning & alternative use
NB:NEIGHBORHOOD BUS · Spencer, 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 Spencer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spencer 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,340
Tax year 2023
Assessed value
$118,595
Assessed 2023
Previous assessed
$93,019
+27.5% YoY
Effective rate
1.13%
On assessed value
Assessed land
$68,656
Assessed improvement
$49,939
Land market value
$68,656
Improvement market value
$49,939
Total market value
$118,595
Applied tax rate
103.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1966
Heating
YES
Stories
1
Units
1
Total area
1,776 SF
Lot
0.33 ac (14,201 SF)
Zoning code
NB:NEIGHBORHOOD BUS
APN
036 079
UPID
US53-1639931
Jurisdiction
ROWAN
Zoning & alternative use
NB:NEIGHBORHOOD BUS · Spencer, NC
Zoning NB:NEIGHBORHOOD BUS · permitted uses
NB:NEIGHBORHOOD BUS · Spencer, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spencer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
YES
Stories
1
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Bahdur Tamang
Individual
Free & Clear · 2 yrs held
Mailing address
429 N SALISBURY AVE, SPENCER, NC 28159-2515
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
—
Bahdur Tamang
Devi Maya Chhetri
Warranty Deed
—
Aug 24, 2023
—
Devi Maya Chhetri
Devi Maya Chhetri
Intrafamily Transfer
related
—
Dec 7, 2020
$300,000
Devi M Chhetri
Malkiah S Mofiammed
Warranty Deed
$50,000 · Malkiah S Mohammed
Jan 3, 2014
$180,000
Malkiah S Mohammed
Spears,liliana L
Warranty Deed
$180,000 · Rowan Hatchery & Poultry Farm
Jan 2, 2014
$180,000
Malkiah Saleh Mohammed
Spears,liliana Lucrecia
Grant Deed
$180,000 · Rowan Hatchery And Poultry Far
Oct 29, 2008
$230,000
Liliana L Spears
Rowan Hatchery & Poultry Farm
Warranty Deed
$229,900 · Rowan Hatchery & Poultry Farm
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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