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    Property profile & analytics
    OFF-MARKET Estimated value $1,010,000
    Medical Office Space

    605 Grv St, Salisbury, NC 28144-3233

    8,205 SF 0.38 ac lot Built 1996
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US53-1718160
    Property summary
    AI-generated overview

    This exceptional two-story medical office building presents a unique investment opportunity in Salisbury, NC. Strategically located in the city's thriving medical corridor, just one block from Novant Health Rowan Medical Center, this property boasts unparalleled visibility and accessibility. The building comprises two distinct suites, each offering complete independence and functionality. The upper suite encompasses 4,688 square feet, while the lower suite provides 4,313 square feet of space. Each suite features its own private entrance, ample parking, a dedicated reception area, multiple offices, and several exam rooms. Furthermore, the suites are equipped with separate utility meters, providing efficient cost management for individual occupants. This configuration makes the building perfect for a single large medical practice seeking expansive space or for two separate practices looking for a collaborative yet independent environment. The property's prime location, coupled with its versatile layout and modern amenities, makes it an attractive proposition for a wide range of medical users, from orthopedics to urgent care facilities. The asking price is $1,500,000. This is a rare opportunity to acquire a well-established and highly visible medical office building in a rapidly growing area. Don't miss out on this exceptional investment.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1996
    Total area 8,205 SF
    Lot 0.38 ac (16,379 SF)
    Zoning code B1
    APN 006 028
    UPID US53-1718160
    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
    • Edmund P. Schumacher, PT Physician
    • Ethan Wiesler Physician
    • George Adam Flowers Physician
    • Edman Schumacher Physician
    • Boyd Watts, MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.09M
    Blend (final) Blend
    $1.01M
    Owner & transaction history
    Wake Forest University Health Scien · 2 yrs held
    Wake Forest University Health Scien
    since 2024
    4 recorded transactions
    2024
    2022
    2022
    $2.5M
    1969
    Zoning & alternative use
    B1 · Salisbury, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.2M +3.4%
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