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Property profile & analytics
OFF-MARKET
Office buildings
818 Corporate Cir, Salisbury, NC 28147-9006
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2231383
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
2,160 SF
Lot
2.04 ac (88,862 SF)
Zoning code
M1
APN
060 131
UPID
US53-2231383
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
-
Body Wisdom Natural Health in You - Reversal Type 2 Diabetes | Beatrice Hair Physician
-
Latin Tools Building Supply Hardware & Home Improvement
-
Salisbury Tutoring Academy Ltd Tutoring Service
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
Latin Tools INC · 3 yrs held
Latin Tools INC
since 2023
Last sale
$435,000
4 recorded transactions
Zoning & alternative use
M1 · 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
$4,019
Tax year 2023
Assessed value
$336,038
Assessed 2023
Previous assessed
$309,123
+8.7% YoY
Effective rate
1.20%
On assessed value
Assessed land
$124,600
Assessed improvement
$211,438
Land market value
$124,600
Improvement market value
$211,438
Total market value
$336,038
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
1999
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,160 SF
Lot
2.04 ac (88,862 SF)
Zoning code
M1
APN
060 131
UPID
US53-2231383
Jurisdiction
ROWAN
Zoning & alternative use
M1 · Salisbury, NC
Zoning M1 · permitted uses
M1 · 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
1999
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
Latin Tools INC
Entity
Free & Clear · 3 yrs held
Mailing address
510 NATIONS FRD RD STE STE STE, CHARLOTTE, NC 28217
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
Apr 26, 2023
$435,000
Latin Tools INC
818 Corp Cir LLC
Warranty Deed
—
Nov 2, 2021
$305,000
818 Corp Cir LLC
Beatrice Hair
Special Warranty Deed
$340,000 · Carolina Hard Money
Jul 30, 2019
—
Beatrice R Hair
—
Deed
related
$80,000 · Bank Of America
—
—
Beatrice R Hair
—
Deed Of Trust
related
$80,000 · Bank Of America
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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