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Property profile & analytics
FOR SALE
Office buildings
909 Main St, Salisbury, NC 28144-6416
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1210362
For Sale
1 / 35
$979,000
909 Main St, Salisbury, NC 28144-6416
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Property summary
AI-generated overview
This exceptional Salisbury, NC investment opportunity encompasses three buildings totaling 21,879 square feet on a 1.74-acre lot. The property, located at 901-909, 917, and 917 B & C S Main St, features a mix of office and retail space, currently occupied by a single tenant hair salon with additional storage units. Built in 1920 and 1950, the two-story structures boast a desirable NMX zoning, allowing for high-density multi-family development with zero lot line setbacks. While the current zoning restricts parking to two spaces per unit, the significant lot size presents considerable redevelopment potential. The asking price is $1,452,000, or $66.37 per square foot. This portfolio offers a compelling blend of existing income and future development possibilities. Serious inquiries regarding individual or portfolio offers are welcome. The property is situated in Rowan County, NC, zip code 28144. The seller is open to considering reasonable offers for the entire portfolio, although individual offers will also be considered.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
19,851 SF
Lot
0.64 ac (27,878 SF)
Zoning code
BRT
APN
015 420
UPID
US53-1210362
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
-
Jestine's Jewels Inc (Bike/Boat/Book/etc) Store
-
Rowan Driving School Training Center Vocational School
-
Serenity Healing Haven Alternative Medicine Practice
-
First National Properties LLC Property Management Company
-
First Transportation Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.09M
Owner & transaction history
Kent Properties Of Salisbury LLC · 2 yrs held
Kent Properties Of Salisbury LLC
since 2024
2 recorded transactions
Zoning & alternative use
BRT · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10%
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
$55 / 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
$12,712
Tax year 2023
Assessed value
$1,062,838
Assessed 2023
Previous assessed
$1,062,838
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$126,750
Assessed improvement
$936,088
Land market value
$126,750
Improvement market value
$936,088
Total market value
$1,062,838
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
For Sale
Year built
1920
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
19,851 SF
Lot
0.64 ac (27,878 SF)
Zoning code
BRT
APN
015 420
UPID
US53-1210362
Jurisdiction
ROWAN
Zoning & alternative use
BRT · Salisbury, NC
Zoning BRT · permitted uses
BRT · 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
1920
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Kent Properties Of Salisbury LLC
Entity
Free & Clear · 2 yrs held
Mailing address
114 DEVONSHIRE LN, SALISBURY, NC 28146-9613
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2024
—
Kent Properties Of Salisbury LLC
Mimi K Joyner
Warranty Deed
—
Dec 29, 2023
—
Mimi K Joyner
Kent Development Corporation
Warranty 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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