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    Property profile & analytics

    1216 Salisbury Ave Spencer, NC 28159-1917

    • Auto shops
    • 2,730 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimation
    $40,000
    Last Sale
    Sep 23, 2021
    $57,000
    Location Intelligence
    Property ID
    US53-5776304
    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

    • Auto shops

    Property Details for 1216 Salisbury Ave

    Year built
    1946
    Lot size
    0.44 lot acres
    Property size
    2,730 SF
    Zone code
    HB:HIGHWAY BUSINESS
    Property type
    Auto shops
    APN
    030 085
    APU
    30085

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.4433
    Latitude
    35.6833
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $946
    $49,050
    $34,661
    $83,711
    -
    $49,050
    $34,661
    $83,711

    Comparable in this City

    • Value Estimation
      $235,000
      2,160 SF

      1111 Salisbury Ave

      AUTO REPAIR, GARAGE • 2,160 SF
      1111 Salisbury Ave, Spencer, NC 28159-1914
      View Details
    • Value Estimation by Request
      1,860 SF

      1213 Salisbury Ave

      AUTO REPAIR, GARAGE • 1,860 SF
      1213 Salisbury Ave, Spencer, NC 28159-1916
      View Details
    • Value Estimation
      $90,000
      3,000 SF

      630 Salisbury Ave

      AUTO REPAIR, GARAGE • 3,000 SF
      630 Salisbury Ave, Spencer, NC 28159-1823
      View Details
    • Value Estimation by Request
      768 SF

      1100 Salisbury Ave

      CAR WASH - AUTOMATED • 768 SF
      1100 Salisbury Ave, Spencer, NC 28159-1915
      View Details
    • Value Estimation by Request
      1,802 SF

      712 Salisbury Ave

      SERVICE STATION (FULL SERVICE) • 1,802 SF
      712 Salisbury Ave, Spencer, NC 28159-2106
      View Details
    • Value Estimation
      $65,000
      1,133 SF

      1000 Salisbury Ave

      SERVICE STATION (FULL SERVICE) • 1,133 SF
      1000 Salisbury Ave, Spencer, NC 28159-2017
      View Details

    Similar Nearby for Sale

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      Highway Business Zoned Property

      Highway business zoned property with road frontage visibility and multiple opportunities.
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    • New
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      Multi-unit property with leasing opportunity in Spencer, North Carolina.
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    • Contact for pricing
      0.31 Acres

      Residential Land in Spencer, NC

      Land for sale in Spencer, North Carolina.
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    • New
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      Residential Land in Spencer, NC

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    Spencer, NC 28159-1917
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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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