620 Innes St Salisbury, NC 28144-4143
Property profile & analytics
620 Innes St Salisbury, NC 28144-4143
- Office buildings
- 3,810 SF
- 0.51 lot acres
Property ID
US53-1745410
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Easter Seals / Marketing & Advertising / Advertising Agency
Property Details for 620 Innes St
- Year built
- 1966
- Lot size
- 0.51 lot acres
- Property size
- 3,810 SF
- Zone code
- B1
- Property type
- Office buildings
- APN
- 006 185
- APU
- 6185
Description
This exceptional investment opportunity presents a fully occupied, 3,810 square foot stand-alone office building located at 620 W Innes Street, Salisbury, NC. The property, situated on a 0.51-acre lot with 96 feet of frontage, boasts a prime location just a quarter-mile from Salisbury's city center. Currently leased to a nationally recognized charity, the building offers a secure, long-term lease extending through December 31, 2025, with an option to extend through 2028, incorporating annual rent increases. Generating a substantial gross annual income of $42,600, this property presents an attractive 8% capitalization rate with minimal landlord expenses. Built in 1966, this single-story, full-brick building showcases mid-century modern architecture, highlighted by a pitched/vaulted roofline, exposed rafters, abundant large windows, exterior paneling, and sleek interior/exterior brickwork. The spacious interior includes a remarkable 25' x 33' meeting room, nine individual offices, a breakroom, two restrooms, ample storage space, a mechanical room, a welcoming lobby, and an enclosed glass entryway. The property also features asphalt parking with 20 designated spaces. Zoned RMX, this versatile property offers a wide array of permissible uses. This offering is part of a larger portfolio of income-producing commercial properties available for purchase in Salisbury. This is a rare opportunity to acquire a stable, high-yielding investment in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.4754
- Latitude
- 35.6727
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,698
$177,184
$215,602
$392,786
-
$177,184
$215,602
$392,786
