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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Grocery and convenience stores
939 Jake Alexander S Blvd, Salisbury, NC 28147-9059
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1287398
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Total area
2,400 SF
Lot
1.25 ac (54,450 SF)
Zoning code
M1
APN
060 097
UPID
US53-1287398
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
-
The Pop Shoppe Gas Station
-
Citgo Gas Station
-
FuelLinks® Rewards Earned and Redeemed Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Rousseau Energy LLC · 1 yrs held
Rousseau Energy LLC
since 2025
Last sale
$970,000
7 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
Method
Estimation
Statistic approach
$680,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $970k (Apr 30 2025)
Last sale anchor
$970k
Apr 30 2025
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
$363 / 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
$11,094
Tax year 2023
Assessed value
$927,628
Assessed 2023
Previous assessed
$781,130
+18.8% YoY
Effective rate
1.20%
On assessed value
Assessed land
$546,000
Assessed improvement
$381,628
Land market value
$546,000
Improvement market value
$381,628
Total market value
$927,628
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Stories
1
Units
1
Total area
2,400 SF
Lot
1.25 ac (54,450 SF)
Zoning code
M1
APN
060 097
UPID
US53-1287398
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
FORCED AIR
Stories
1
Units
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Rousseau Energy LLC
Entity
Mailing address
PO BOX 1618, JAMESTOWN, NC 27282-1618
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
$970,000
Rousseau Energy LLC
Mid State Petroleum Realty LLC
Special Warranty Deed
$700,000 · First National Bank Of Pennsylvania
May 29, 2013
—
Mid-state Petroleum Realty LLC
—
Loan Modification
related
$2,000,000 · High Point Bank & Trust Co
May 30, 2012
—
Mid-state Petroleum Realty LLC
—
Grant Deed
related
$2,000,000 · High Point Bank & Trust Co
May 31, 2011
—
Mid-state Petroleum Realty LLC
Mid-state Petroleum INC
Quit Claim Deed
$5,500,000 · Carolina Bank
May 26, 2011
—
Mid State Petroleum Realty LLC
Mid State Petroleum INC
Quit Claim Deed
related
—
Aug 31, 2009
—
Mid-state Petroleum INC
—
Loan Modification
related
$9,670,200 · Carolina Bank
—
—
Mid-state Petroleum Realty LLC
—
Loan Modification
related
—
—
—
Mid-state Petroleum Realty LLC
—
Deed Of Trust
related
$2,500,000 · High Point Bk&tr
—
—
Mid-state Petroleum Realty LLC
—
Loan Modification
related
—
—
—
Mid-state Petroleum Realty LLC
—
Loan Modification
related
$2,000,000 · High Point Bk&tr
—
—
Mid-state Petroleum INC
—
Loan Modification
related
$750,000 · Carolina Bk
—
—
Mid,state Petroleum INC
—
Deed Of Trust
related
$8,050,200 · Carolina Bank
—
—
Mid-state Petroleum Realty LLC
—
Loan Modification
related
—
—
—
Mid State Petroleum Realty LLC
—
Deed Of Trust
related
$2,000,000 · High Point Bank
—
—
Mid State Petroleum Realty LLC
—
Deed Of Trust
related
$4,800,000 · High Point 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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