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Property profile & analytics
OFF-MARKET
Specialty properties
703 Main St, Salisbury, NC 28144-5410
Entity Owned
Free & Clear
Property ID
US53-2185042
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1973
Total area
2,508 SF
Lot
1.22 ac (53,274 SF)
Zoning code
B6
APN
015 394
UPID
US53-2185042
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
-
Hairston Funeral Home Inc Social Service Agency
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
Hairston Funeral Home INC
Hairston Funeral Home INC
since 2025
Last sale
$325,000
6 recorded transactions
Zoning & alternative use
B6 · 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
$4,153
Tax year 2023
Assessed value
$347,281
Assessed 2023
Previous assessed
$305,285
+13.8% YoY
Effective rate
1.20%
On assessed value
Assessed land
$120,960
Assessed improvement
$226,321
Land market value
$120,960
Improvement market value
$226,321
Total market value
$347,281
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1973
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,508 SF
Lot
1.22 ac (53,274 SF)
Zoning code
B6
APN
015 394
UPID
US53-2185042
Jurisdiction
ROWAN
Zoning & alternative use
B6 · Salisbury, NC
Zoning B6 · permitted uses
B6 · 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
1973
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Hairston Funeral Home INC
Entity
Free & Clear · 0 yrs held
Mailing address
604 CANDLEWICK DR, SALISBURY, NC 28147-7882
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
—
Hairston Funeral Home INC
Reid Hairston Velveeta
Warranty Deed
—
Jun 1, 2023
—
Reid Hairston Velveeta
Zeke Properties
Intrafamily Transfer
related
—
Jun 28, 2005
—
Zeke Properties
—
Trustees Deed
related
$27,000 · Citizens South Bank
May 23, 2005
—
Russell L Gillam
Gillam,russell L & Elyn P
Quit Claim Deed
related
—
May 23, 2005
$325,000
Zeke Properties
Gillam,russell L & Elyn P
Warranty Deed
$275,000 · Russell L Gillam
—
—
Zeke Properties
—
Deed Of Trust
related
$125,000 · Citizens South 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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