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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Motels
1040 Innes St, Salisbury, NC 28144-5708
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1884992
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2000
Total area
43,869 SF
Lot
3.33 ac (145,055 SF)
Zoning code
B7
APN
059 126
UPID
US53-1884992
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
-
Comfort Suites Salisbury I-85 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
Icare Holdings Salisbury LLC · 8 yrs held
Icare Holdings Salisbury LLC
since 2018
7 recorded transactions
Zoning & alternative use
B7 · 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
Alternative Use
Use
Estimation
RETAIL STORES
$3,345,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,975,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,735,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±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
$73,269
Tax year 2023
Assessed value
$6,126,196
Assessed 2023
Previous assessed
$5,505,566
+11.3% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,378,023
Assessed improvement
$4,748,173
Land market value
$1,378,023
Improvement market value
$4,748,173
Total market value
$6,126,196
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Stories
3
Units
78
Total area
43,869 SF
Lot
3.33 ac (145,055 SF)
Zoning code
B7
APN
059 126
UPID
US53-1884992
Jurisdiction
ROWAN
Zoning & alternative use
B7 · Salisbury, NC
Zoning B7 · permitted uses
B7 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
YES
Cooling
Yes
Stories
3
Units
78
Lot
3.33 ac
Current owner
From public records · entity-resolved
Icare Holdings Salisbury LLC
Entity
Mailing address
2004 SOLWAY LN, CHARLOTTE, NC 28269-6984
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
—
Icare Holdings Salisbury LLC
—
Deed
related
$3,725,000 · Skyla FCU
Jun 29, 2020
—
Icare Holdings Salisbury LLC
—
Deed
related
$4,550,000 · Charlotte Metro FCU
Jun 6, 2018
$6,200,000
Icare Holdings Salisbury LLC
Lrp Hotels Of Salisbury LLC
Special Warranty Deed
$4,800,000 · Charlotte Metro FCU
Feb 26, 2016
$3,700,000
Lrp Hotels Of Salisbury LLC
Salisbury York LLC
Grant Deed
—
Feb 26, 2016
—
Lrp Hotels Of Salisbury LLC
Salisbury York LLC
Quit Claim Deed
$3,920,000 · Carter Bk&tr
Jul 29, 2005
$4,750,000
Salisbury Sec LLC
Gnp Group Of Salisbury LLC
Grant Deed
—
Jul 29, 2005
$5,090,000
Salisbury Alley LLC
Salisbury Sec LLC
Warranty Deed
—
Jul 29, 2005
—
Salisbury Sec LLC
Gnp Group Of Salisbury
Quit Claim 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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