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Property profile & analytics
OFF-MARKET
Estimated value
$16,390,000
Assisted living facilities
710 Julian Rd, Salisbury, NC 28147-9079
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1217058
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Total area
47,972 SF
Lot
6.02 ac (262,231 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
060 127
UPID
US53-1217058
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
-
James S Brawley Commons Nursing Home Retirement Community
-
Salisbury Center - Under New Management Nursing Home Retirement Community
-
Yuthapong Sukkasem Pediatrician Physician
-
Etsec Lab Services Medical Laboratory
-
Kathryn T. Sullivan, OTR Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.39M
Owner & transaction history
Salisbury Two Nc Propco LLC · 6 yrs held
Salisbury Two Nc Propco LLC
since 2020
Last sale
$15.6M
6 recorded transactions
Zoning & alternative use
HB:HIGHWAY BUSINESS · 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
Method
Estimation
Statistic approach
$17,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.39M
Range $14.75M – $18.03M · ±10% · vs last sale $15.64M (Feb 4 2020)
Last sale anchor
$15.64M
Feb 4 2020
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
$342 / 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
$66,010
Tax year 2023
Assessed value
$5,519,231
Assessed 2023
Previous assessed
$5,186,114
+6.4% YoY
Effective rate
1.20%
On assessed value
Assessed land
$371,400
Assessed improvement
$5,147,831
Land market value
$371,400
Improvement market value
$5,147,831
Total market value
$5,519,231
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Stories
1
Total area
47,972 SF
Lot
6.02 ac (262,231 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
060 127
UPID
US53-1217058
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.
Building & site characteristics
From public records
Year built
1987
Heating
YES
Cooling
Yes
Stories
1
Lot
6.02 ac
Current owner
From public records · entity-resolved
Salisbury Two Nc Propco LLC
Entity
Mailing address
440 SYLVAN AVE STE #240, ENGLEWOOD CLIFFS, NJ 07632-2700
Ownership since
2020
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
Feb 4, 2020
$15,642,500
Salisbury Two Nc Propco LLC
710 Julian Road Property LLC
Grant Deed
$58,650,000 · Oxford Fin
May 25, 2016
$9,320,000
710 Julian Road Property LLC
Diamond Senior Living LLC
Grant Deed
$44,000,000 · Privatebank & Tr
Sep 6, 2005
$7,604,000
Formation Properties Vi LLC
Spencer Meridian
Grant Deed
$38,646,934 · General Elec Cap
—
—
Salisbury Two Nc Propco LLC
—
Loan Modification
related
$8,000,000 · Oxford Fin
—
—
Salisbury Two Nc Propco LLC
—
Loan Modification
related
$74,675,000 · Oxford Fin
—
—
710 Julian Road Property LLC
—
Deed Of Trust
related
$7,360,000 · Lancaster Pollard Mtg
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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