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Property profile & analytics
OFF-MARKET
Estimated value
$4,420,000
Medical Office Space
530 Corporate Cir, Salisbury, NC 28147-8074
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-1916760
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
22,580 SF
Lot
3.19 ac (138,956 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
060B168
UPID
US53-1916760
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
-
Charlotte Eye Ear Nose & Throat Associates, P.A.- Salisbury Ophthalmologist
-
Abayomi Aderemi Agbebi Physician
-
Sarah Beachum Physician
-
James Gregory Kaufmann Ophthalmologist
-
Duncan Eaves Berry Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.24M
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$4.42M
Owner & transaction history
Charlotte Eye Ear Nose & Throst Ass · 2 yrs held
Charlotte Eye Ear Nose & Throst Ass
since 2024
4 recorded transactions
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+3.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,680,000
6.5%
$5,240,000
7%
$4,870,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,185,000
Current use
AUTO REPAIR, GARAGE
$3,290,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,010,000
Change: -6% · Conversion: Easy
RESTAURANT
$2,710,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$2,690,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$4.42M
Range $3.98M – $4.86M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$196 / SF
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
$70,922
Tax year 2023
Assessed value
$5,929,903
Assessed 2023
Previous assessed
$5,929,903
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,148,400
Assessed improvement
$4,781,503
Land market value
$1,148,400
Improvement market value
$4,781,503
Total market value
$5,929,903
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
YES
Stories
2
Units
1
Total area
22,580 SF
Lot
3.19 ac (138,956 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
060B168
UPID
US53-1916760
Jurisdiction
ROWAN
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Zoning HB:HIGHWAY BUSINESS · permitted uses
HB:HIGHWAY BUSINESS · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
YES
Stories
2
Units
1
Lot
3.19 ac
Current owner
From public records · entity-resolved
Charlotte Eye Ear Nose & Throst Ass
Individual
Free & Clear · 2 yrs held
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
—
Piedmont Eye Development LLC
—
Deed
related
$2,300,000 · Farmers & Merchants Bank
Jan 2, 2024
—
Charlotte Eye Ear Nose & Throst Ass
Piedmont Eye Development LLC
Agreement Of Sale
—
Feb 20, 2008
$415,000
Piedmont Eye Development LLC
Rowan Health Svcs Corp
Grant Deed
—
—
—
Piedmont Eye Dev LLC
—
Deed Of Trust
related
$3,990,450 · Branch Bk&tr
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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