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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
500 Innes St, Salisbury, NC 28144-5112
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-0040284
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2000
Total area
2,380 SF
Lot
0.95 ac (41,251 SF)
Zoning code
B6
APN
019 085
UPID
US53-0040284
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
-
Bank of America ATM (Drive-thru) Atm Financial Consultant
-
Bank of America Home Mortgage Loan Service Bank
-
Bank of America (Lobby Service Only) Bank Loan Service
-
Speedway Gas Station
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
Norom LLC · 1 yrs held
Norom LLC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
B6 · 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
$13,453
Tax year 2023
Assessed value
$1,124,821
Assessed 2023
Previous assessed
$996,316
+12.9% YoY
Effective rate
1.20%
On assessed value
Assessed land
$687,844
Assessed improvement
$436,977
Land market value
$687,844
Improvement market value
$436,977
Total market value
$1,124,821
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2000
Heating
RADIANT
Stories
1
Units
1
Total area
2,380 SF
Lot
0.95 ac (41,251 SF)
Zoning code
B6
APN
019 085
UPID
US53-0040284
Jurisdiction
ROWAN
Zoning & alternative use
B6 · Salisbury, NC
Zoning B6 · permitted uses
B6 · 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
2000
Heating
RADIANT
Stories
1
Units
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Norom LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 100843, FORT WORTH, TX 76185-0843
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
—
Norom LLC
David Perlman
Deed
—
Aug 30, 2023
$1,800,000
David Perlman
Jj Assets LLC
Special Warranty Deed
—
Mar 7, 2023
$2,424,000
Nlp Gsp LLC
Tawje LLC
Special Warranty Deed
—
Oct 13, 2020
—
Tawje LLC
—
Deed
related
$93,000,000 · Truist Bk
Nov 6, 2019
$1,425,000
Jj Assets LLC
Orion Venture Boa LLC
Grant Deed
—
Sep 25, 2019
—
Tawje LLC
—
Loan Modification
related
$93,000,000 · Branch Bk&tr
Aug 7, 2019
—
Orion Venture Boa LLC
—
Deed
related
$12,800,000 · Cibc Bk USA
Jul 26, 2019
—
Tawje LLC
—
Grant Deed
related
$60,000,000 · Branch Banking & Tr Co
Feb 12, 2018
—
Williams,walter L & Marie S Trust
Williams Grandchildren Trust
Quit Claim Deed
—
Dec 29, 2016
—
Orion Venture Boa LLC
—
Deed
$76,000,000 · Privatebank & Tr
Sep 27, 2007
$850,000
Williams Trust
Wilcohess LLC
Warranty Deed
—
Sep 7, 2007
$850,000
Cecil Mizelle
Wilcohess LLC
Grant Deed
—
—
—
Tawje LLC
—
Loan Modification
related
$93,000,000 · Truist Bk
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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