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Property profile & analytics
OFF-MARKET
Retail space
514 Salisbury Ave Spencer, NC 28159-2102
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2320474
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
5,400 SF
Lot
0.08 ac (3,485 SF)
Zoning code
CB:CENTRAL BUSINESS
APN
032 133
UPID
US53-2320474
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
-
The Conductor’s Quarters Vacation Rental Hotel & Motel
-
The Band Attic (Bike/Boat/Book/etc) Store
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
Kld Dwellings LLC · 2 yrs held
Kld Dwellings LLC
since 2024
Last sale
$300,000
6 recorded transactions
Zoning & alternative use
CB:CENTRAL BUSINESS · 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
$2,153
Tax year 2023
Assessed value
$190,492
Assessed 2023
Previous assessed
$190,492
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$14,700
Assessed improvement
$175,792
Land market value
$14,700
Improvement market value
$175,792
Total market value
$190,492
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Stories
2
Units
1
Total area
5,400 SF
Lot
0.08 ac (3,485 SF)
Zoning code
CB:CENTRAL BUSINESS
APN
032 133
UPID
US53-2320474
Jurisdiction
ROWAN
Zoning & alternative use
CB:CENTRAL BUSINESS · Spencer, NC
Zoning CB:CENTRAL BUSINESS · permitted uses
CB:CENTRAL BUSINESS · 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
1950
Heating
FORCED AIR
Stories
2
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Kld Dwellings LLC
Entity
Mailing address
514 S SALISBURY AVE, SPENCER, NC 28159-2102
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
Apr 18, 2024
$300,000
Kld Dwellings LLC
Cose2 LLC
Warranty Deed
$240,000 · First National Bank Of Pennsylvania
Feb 15, 2024
—
Cose2 LLC
—
Deed
related
$115,000 · Michael Petro
May 18, 2022
—
Cose2 LLC
—
Deed
related
$265,000 · Michael Lemieux
Nov 15, 2021
$192,245
Cose2 LLC
Jon W Untiedt
Warranty Deed
—
May 25, 2016
$140,000
Jon W Untiedt
Thomas-thomas Properties LLC
Warranty Deed
$112,000 · Farmers & Merchants Nat'l Bk
Nov 4, 2005
$145,000
Thomas-thomas Properties LLC
Sedberry,betty M
Warranty Deed
$156,000 · Citizens South Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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