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Property profile & analytics
OFF-MARKET
Office buildings
619 Main St, Salisbury, NC 28144-5409
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2170704
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1896
Total area
3,541 SF
Lot
0.39 ac (16,988 SF)
Zoning code
B5
APN
015 397
UPID
US53-2170704
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
-
Bonaparte Castle Hotel & Motel Resort
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
October Ninth Investments LLC · 2 yrs held
October Ninth Investments LLC
since 2023
4 recorded transactions
Zoning & alternative use
B5 · Salisbury, 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 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
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
$2,066
Tax year 2023
Assessed value
$172,708
Assessed 2023
Previous assessed
$172,708
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$74,323
Assessed improvement
$98,385
Land market value
$74,323
Improvement market value
$98,385
Total market value
$172,708
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1896
Heating
YES
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
3,541 SF
Lot
0.39 ac (16,988 SF)
Zoning code
B5
APN
015 397
UPID
US53-2170704
Jurisdiction
ROWAN
Zoning & alternative use
B5 · Salisbury, NC
Zoning B5 · permitted uses
B5 · 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.
Building & site characteristics
From public records
Year built
1896
Heating
YES
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
October Ninth Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
623 S MAIN ST, SALISBURY, NC 28144-5409
Ownership since
2023
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
Oct 30, 2023
—
October Ninth Investments LLC
Sandra Toscano
Warranty Deed
—
Jul 15, 2021
$180,000
Sandra Toscano
Historic Salisbury Foundation INC
Warranty Deed
—
Jun 12, 2019
$160,000
Historic Salisbury Foun INC
Livingstone College INC
Warranty Deed
—
Nov 29, 2011
$280,000
Livingstone,college
Raykes,william P
Grant Deed
—
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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