Property profile

509 Faith Rd Salisbury, NC 28146

OFF-MARKET
Turn key restaurants
Property ID
US53-2152073
5,698 SF 0.95 ac lot Built 2000
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2000
Total area 5,698 SF
Lot 0.95 ac (41,251 SF)
Zoning code B6
APN 070 061
UPID US53-2152073

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

509 Faith Rd Salisbury, NC 28146-7011
Salisbury metro Census 50202 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$915k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$995k

Owner & transaction history

since 2021
Last sale
$965,000
2 recorded transactions
2021
Price N/A
2021
$965,000

Zoning & alternative use

B6 · Salisbury, NC
Top alternative use upside
Auto repair, garage $830,000 +21.3%
Medical building $805,000 +17.4%
Commercial (general) $760,000 +10.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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