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Property profile & analytics
FOR SALE
Auto shops
211 E Innes St, Salisbury, NC 28144
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-2011460
For Sale
1 / 2
Contact for pricing
211 E Innes St, Salisbury, NC 28144
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1930
Total area
10,842 SF
Lot
0.22 ac (9,409 SF)
Zoning code
B5
APN
010 302
UPID
US53-2011460
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
-
Quality Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Downtown Properties LLC · 8 yrs held
Downtown Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
B5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,903
Tax year 2023
Assessed value
$394,479
Assessed 2023
Previous assessed
$164,866
+139.3% YoY
Effective rate
0.74%
On assessed value
Assessed land
$113,740
Assessed improvement
$280,739
Land market value
$113,740
Improvement market value
$280,739
Total market value
$394,479
Applied tax rate
131.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1930
Heating
YES
Stories
1
Units
1
Total area
10,842 SF
Lot
0.22 ac (9,409 SF)
Zoning code
B5
APN
010 302
UPID
US53-2011460
Jurisdiction
ROWAN
Zoning & alternative use
B5 · Salisbury, NC
Zoning B5 · permitted uses
B5 · 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.
Building & site characteristics
From public records
Year built
1930
Heating
YES
Stories
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Downtown Properties LLC
Entity
Mailing address
PO BOX 729, SALISBURY, NC 28145-0729
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2020
—
Downtown Properties LLC
—
Deed
related
$3,947,000 · Peoples Bank
Dec 21, 2018
—
Downtown Properties LLC
—
Deed
related
$340,000 · Global E-connect LLC
Dec 29, 2017
$300,000
Downtown Properties LLC
Taylor,glenn C JR & Kimberly S
Warranty Deed
$169,000 · Glenn C JR & Kimberly S Taylor
—
—
Downtown Properties LLC
—
Deed Of Trust
related
$340,000 · Global E-connect LLC
—
—
Glenn Taylor Properties LLC
—
Deed Of Trust
related
$108,000 · First Bank
—
—
Glenn C Taylor JR.
—
Deed Of Trust
related
$130,000 · First Bank
—
—
Glenn Taylor Properties LLC
—
Deed Of Trust
related
$120,000 · First Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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