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Financial
Distress signals
Property profile

1401 Salisbury Ave Spencer, NC 28159

OFF-MARKET
Other warehouses
Property ID
US53-5313954
7,320 SF 0.73 ac lot Built 1953
Last sale Nov 2007 · $195,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A flex office-warehouse facility containing approximately 7,200± square feet of main-level space and an additional 4,800± square feet of basement space for nearly 12,000 square feet of combined usable area. The main level features open areas plus office and meeting spaces, a break room, four restrooms, and a flexible floor plan configured for multiple operating uses. The basement provides warehouse and storage capacity with concrete floors, mezzanine storage, and loading-dock access. Exterior…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$92k
Assessed land$74k
Assessed improvement$19k
Effective rate1.13%

Value estimate

· Oct 2026
$175k
$158k – $193k
AI approach$210k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$43/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$24 – $80
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
HB
JurisdictionROWAN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.9
Restaurant16.0
Dental Office15.5

Location

1401 Salisbury Ave Spencer, NC 28159-1920
County assessor Recorded deeds · 2 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 6 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
316 Salisbury, Spencer, NC 28159-2237 $80,000 Oct 2024 2,100 SF
707 Salisbury, Spencer, NC 28159-1824 $77,000 Mar 2024 4,280 SF
612 Salisbury, Spencer, NC 28159-1823 $112,500 Sep 2021 5,729 SF
1411 Salisbury, Spencer, NC 28159-1920 $220,000 Sep 2021 7,556 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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