Property profile

1160 Peeler Rd Salisbury, NC 28146

OFF-MARKET
Auto shops
Property ID
US53-1422866
8,000 SF 1.32 ac lot Built 1999
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,000 square foot single-tenant industrial flex building, constructed in 2005, presents a rare opportunity in Rowan County. Situated in a high-traffic area with convenient I-85 access, this property benefits from its proximity to over 2,000,000 square feet of industrial development currently underway. The building features a desirable clear-span design, minimizing interior columns for maximum efficiency. Storage solutions are enhanced by multiple mezzanines, providing ample vertical space. Three 16' x 14' drive-in doors ensure easy loading and unloading of goods. The property includes a fenced yard, offering secure outdoor storage. The building is equipped with a 3-phase power system and a five-year-old HVAC system for optimal climate control. A recycled oil heater provides efficient and cost-effective heating. Minimal office space is included, maximizing the usable square footage for warehouse or flex operations. The property is zoned CB-3, offering flexibility for a variety of industrial uses. This is an ideal location for businesses seeking efficient, well-located industrial space with excellent access to major transportation routes.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1999
Total area 8,000 SF
Lot 1.32 ac (57,499 SF)
Zoning code CBI
APN 408 072
UPID US53-1422866

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1160 Peeler Rd Salisbury, NC 28146-1134
Salisbury metro Census 51102 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.24M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$1.15M

Owner & transaction history

since 2020
Last sale
$1.0M
2 recorded transactions
2020
$1.0M
1969
Price N/A

Zoning & alternative use

CBI · Salisbury, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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