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The Executive Center 1121 Old Concord Rd 9,085 SF 95% Leased Office Building Salisbury, NC 28146 $1,950,000 ($214.64/SF) 7.33% Cap Rate
Investment Highlights
- Prime location.
- 0.6 miles from I-85 and 1.5 miles from Downtown Salisbury.
Executive Summary
This fully renovated office building, completed within the last five years, offers an exceptional income-producing opportunity. Currently 100% occupied, it generates an impressive annual gross income of $142,956. The property features 15 executive office suites, a shared lobby, and a breakroom, providing a professional and functional environment for tenants. With 38 parking spaces, the building offers convenient access for both tenants and their clients. Prime location, just 0.6 miles from I-85 and 1.5 miles from Downtown Salisbury. This turnkey property is ready to deliver consistent returns for its next owner.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,085 SF
Building Class
B
Year Built/Renovated
1985/2020
Price
$1,950,000
Price Per SF
$214.64
Cap Rate
7.33%
NOI
$142,956
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,542 SF
Building FAR
0.35
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
CMX - Commercial Mixed Use
Office Use
Parking
38 Spaces (4.18 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
233 SF office available to lease for $500/mo.
233 SF office available for lease for $500/mo.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 233 SF | Office | - | Now |
| 2nd Floor | 233 SF | Office | - | Now |
2nd Floor
| Size |
| 233 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 233 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Floor
| Size | 233 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
233 SF office available to lease for $500/mo.
2nd Floor
| Size | 233 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
233 SF office available for lease for $500/mo.
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 069-00402 | Improvements Assessment | $381,131 (2025) |
| Land Assessment | $73,253 (2025) | Total Assessment | $454,384 (2025) |
Property Taxes
Parcel Number
069-00402
Land Assessment
$73,253 (2025)
Improvements Assessment
$381,131 (2025)
Total Assessment
$454,384 (2025)
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The Executive Center | 1121 Old Concord Rd
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