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Financial
Distress signals
Property profile

234 Faith Rd Salisbury, NC 28146

OFF-MARKET
Commercial land
Property ID
US53-1516474
2,630 SF 0.91 ac lot Built 1959
Last sale Apr 2025 · $1,275,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,500 square foot Valvoline auto shop in Salisbury, NC. Built in 2024, this property boasts a brand-new 15-year absolute NNN ground lease with a franchisee tenant, expiring October 31, 2039. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property sits on a 0.44-acre lot with eight parking spaces and enjoys a prime location on a signalized corner at Faith Road and Market Station Drive. This…

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?
$7k
Tax billed · 2023
Assessed value$555k
Assessed land$555k
Effective rate1.20%

Value estimate

· Oct 2026
$465k
$419k – $512k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$133/SF
Submarket average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$44 – $257
Qualifying comparables11

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?
B6
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 agency22.8
Building Supply19.5
Wholesale Shop13.1

Location

234 Faith Rd Salisbury, NC 28146-7006
County assessor Recorded deeds · 4 transfers 11 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

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
905 Choate, Salisbury, NC 28146-3213 $50,000 Apr 2025 No data
241 Salisbury Gq, Salisbury, NC 28146-8145 $110,000 Dec 2023 1,838 SF
1215 Peeler, Salisbury, NC 28146-1135 $305,000 Oct 2023 1,002 SF
Salisbury, Salisbury, NC 28146 $150,000 Apr 2023 2,091 SF
1320 Mccanless, Salisbury, NC 28146-2233 $258,500 Jan 2022 1,117 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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