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    Peeler Rd Salisbury, NC 28147

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    75 Acres, I-85 Corridor, NC

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 75.86-acre industrial development site in Salisbury, North Carolina, presents a unique investment opportunity. Located on Peeler Road in Rowan County (zip code 28147), this property boasts a prime location with convenient access to Interstate 85, placing it within the Charlotte MSA. The land is zoned Commercial (ED-3) within the I-85 Exchange Development District 3, allowing for a variety of uses including hotel, restaurant, automotive, retail, and industrial development. With good topography and readily available water and sewer infrastructure, this site is ready for immediate development. The average daily traffic count on this section of I-85 is 91,000 vehicles, and the property shares an interchange with a Pilot truck stop, ensuring high visibility and accessibility. Priced at $63,000 per acre, this represents a compelling value proposition for developers seeking a strategically located, large-scale industrial site in a thriving market. The property's latitude and longitude coordinates are 35.6120309 and -80.5187493 respectively.

    Property Features for 0 Peeler Rd

    General Information

    Property type
    Land
    Lot Size
    3,304,462 SF

    HighLights

    • 75.86‑acre industrial development site suitable for Hotel, Restaurant, Automotive, Retail, or Industrial uses.
    • High traffic count of 91,000 vehicles daily on I‑85.
    • Located at the same I‑85 interchange as a Pilot truck stop.
    • Zoned Commercial (ED‑3) within the I‑85 Exchange Development District 3.
    • Level topography with readily available water and sewer infrastructure.
    • Excellent access to Interstate 85.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.5187493
    Latitude
    35.6120309

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    FAQs

    What type of property is this?
    Land - 75 Acres, I-85 Corridor, NC
    Where is this land located?
    The property is located at Peeler Rd Salisbury, NC.
    What are key features of this property?
    This property features: 75.86-acre industrial development site suitable for Hotel, Restaurant, Automotive, Retail, or Industrial uses.; High traffic count of 91,000 vehicles daily on I-85.; Located at the same I-85 interchange as a Pilot truck stop.
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    Peeler Rd Salisbury, NC 28147
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Peeler Rd Salisbury, NC 28147
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