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Property profile & analytics
OFF-MARKET
Strip malls
475 Jake Alexander W Blvd, Salisbury, NC 28147-1420
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-1690664
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
10,500 SF
Lot
1.56 ac (67,954 SF)
Zoning code
B7
APN
061 241
UPID
US53-1690664
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
-
Katana Japanese Fusion Restaurant
-
Shred Nations Recycling Center Waste Management Facility
-
Arthur Sperling Hospital
-
Ambatu Cook Restaurant
-
Jessicas Pups Animal Training
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
475 Jake Alexander Blvd LLC · 8 yrs held
475 Jake Alexander Blvd LLC
since 2017
7 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
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
$22,544
Tax year 2023
Assessed value
$1,884,963
Assessed 2023
Previous assessed
$1,706,497
+10.5% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,076,400
Assessed improvement
$808,563
Land market value
$1,076,400
Improvement market value
$808,563
Total market value
$1,884,963
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Heating
YES
Stories
1
Units
1
Total area
10,500 SF
Lot
1.56 ac (67,954 SF)
Zoning code
B7
APN
061 241
UPID
US53-1690664
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
2008
Heating
YES
Stories
1
Units
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
475 Jake Alexander Blvd LLC
Entity
Free & Clear · 8 yrs held
Mailing address
117 CROSSLAKE PARK DR, MOORESVILLE, NC 28117-8016
Ownership since
2017
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
Mar 5, 2019
—
475 Jake Alexander Blvd LLC
—
Deed
related
$1,450,000 · Kenneth A & Susan B Koontz
Jul 25, 2017
—
475 Jake Alexander Blvd LLC
Moving Upwards Nc LLC
Warranty Deed
—
Apr 5, 2017
—
Moving Upwards Nc LLC
Tenir LLC
Warranty Deed
—
Sep 23, 2016
$1,400,000
Tenir LLC
Shops On Jake LLC
Grant Deed
—
Aug 14, 2008
—
Shops On Jake LLC
—
Trustees Deed
related
$1,800,000 · First Bank
Sep 22, 2006
$675,000
Shops On Jake LLC
Salisbury Village LLC
Grant Deed
—
—
—
475 Jake Alexander Blvd LLC
—
Deed Of Trust
related
$1,450,000 · Kenneth A & Susan B Koontz
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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