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    1215 Old Concord Rd Salisbury, NC 28146

    • Commercial real estate
    • 8.14 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US53-0837674
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1215 Old Concord Rd

    Lot size
    8.14 lot acres
    Property type
    Commercial real estate
    APN
    069-006

    Description

    This exceptional 8.14-acre commercial land parcel, located at 1215 Old Concord Rd in Salisbury, NC (APN 069-006), presents a unique opportunity for multifamily or townhome development. The property boasts CMX zoning, allowing for up to approximately 1200 units, making it ideal for both market-rate and affordable housing projects. Its strategic location directly adjacent to I-85 ensures excellent visibility and accessibility, providing easy connectivity to the greater Charlotte MSA and the Piedmont Triad region. Water and sewer are readily available. The site's designation as a Qualified Census Tract (QCT) and its location within an Opportunity Zone offer significant development incentives, including the potential for 4% tax-exempt bonds through the North Carolina Housing Finance Agency (NCHFA). Surrounded by retail amenities, job opportunities, and higher education institutions, this parcel offers a highly desirable location for developers seeking a prime site for a large-scale residential project. The property's convenient access to major thoroughfares and its advantageous zoning regulations combine to create a compelling investment opportunity. This is a rare chance to acquire a substantial tract of land with significant development potential in a rapidly growing area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.4743452
    Latitude
    35.6445028

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    Similar Nearby for Lease

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      472,890 SF

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      472,890 SF warehouse space built in 2024 for lease.
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    1215 Old Concord Rd
    Salisbury, NC 28146
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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
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