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Property profile & analytics
OFF-MARKET
Turn key restaurants
518 Salisbury Ave Spencer, NC 28159-2102
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-2362736
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Total area
2,625 SF
Lot
0.08 ac (3,485 SF)
Zoning code
CB:CENTRAL BUSINESS
APN
032 134
UPID
US53-2362736
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
-
Pinocchio's Italian Restaurant. Restaurant
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
Neros Little Impero LLC · 6 yrs held
Neros Little Impero LLC
since 2020
Last sale
$65,000
4 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
$1,183
Tax year 2023
Assessed value
$104,647
Assessed 2023
Previous assessed
$83,681
+25.1% YoY
Effective rate
1.13%
On assessed value
Assessed land
$14,700
Assessed improvement
$89,947
Land market value
$14,700
Improvement market value
$89,947
Total market value
$104,647
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1920
Heating
YES
Stories
2
Units
1
Total area
2,625 SF
Lot
0.08 ac (3,485 SF)
Zoning code
CB:CENTRAL BUSINESS
APN
032 134
UPID
US53-2362736
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
1920
Heating
YES
Stories
2
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Neros Little Impero LLC
Entity
Mailing address
518 S SALISBURY AVE, SPENCER, NC 28159-2102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2020
$65,000
Neros Little Impero LLC
Giuseppe Lopriore
Warranty Deed
$120,000 · Robert H Willetts
Feb 11, 2019
—
Giuseppe Lopriore
Theresa Aitken Of Lopriore LLC
Quit Claim Deed
related
—
Dec 29, 2006
—
Lopriore LLC
Ladolce Vita Restaurant INC
Warranty Deed
—
May 22, 2006
$100,000
Ladolce Vita Restaurant INC
Jill & Chris Properties LLC
Warranty Deed
$85,000 · F & M 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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