Property profile & analytics
512 Klumac Rd Salisbury, NC 28144
- Office buildings
- 5,980 SF
- 4.47 lot acres
For Sale
View listing
$1,915,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US53-1008336
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Knox Computers & iPhone Repair / Computer & Electronic Repair
- Hearing Aids For You / Medical Clinic
- Alterations Plus by Robin / (Bike/Boat/Book/etc) Store
- Comfort Keepers Home Care / Nursing Home / Senior Citizen Center
- The Cleaning Authority - Salisbury / Hardware & Home Improvement
Property Details for 512 Klumac Rd
- Year built
- 1997
- Lot size
- 4.47 lot acres
- Property size
- 5,980 SF
- Zone code
- M1
- Property type
- Office buildings
- APN
- 017 187
- APU
- 17187
Description
This exceptional investment opportunity presents a fully occupied, 12,304-square-foot retail center situated on a sizable 4.35-acre lot in Salisbury, North Carolina. Strategically located just 0.7 miles from Interstate I-85, this property boasts 394 feet of frontage on Klumac Road, ensuring high visibility and accessibility. The property comprises two single-story brick buildings constructed in 1997, housing eleven individual units currently leased to a mix of office, retail, and medical tenants. These tenants benefit from flexible, short-term leases, offering the new owner significant potential for rental increases. The current gross annual income stands at $135,600, representing a below-market rental rate and substantial upside potential. The property features a large, level lot, presenting opportunities for future expansion or development. Ample parking is provided with a paved asphalt lot accommodating 66 vehicles. Recent upgrades include improvements to the HVAC system and roofing, minimizing immediate maintenance needs. The property is zoned CMX, allowing for a diverse range of potential uses. An August 2024 appraisal is available for review, further supporting the exceptional value of this offering. This property is part of a larger portfolio of income-producing properties available for purchase in Salisbury.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $941,000
- AI Estimate
- $1,148,000
Market price range: $490k - $941kMarket price range: $413k - $1.15M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $685,000 Current use
- AUTO REPAIR, GARAGE
- $870,000 Change: +27% Conversion: Difficult
- MEDICAL BUILDING
- $845,000 Change: +23% Conversion: Easy
- COMMERCIAL (GENERAL)
- $795,000 Change: +16% Conversion: Easy
- RESTAURANT
- $720,000 Change: +5% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.4857
- Latitude
- 35.6494
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,753
$196,680
$1,120,452
$1,317,132
-
$196,680
$1,120,452
$1,317,132
