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Property profile & analytics
OFF-MARKET
Estimated value
$12,995,000
Automotive properties
414 Jake Alexander S Blvd, Salisbury, NC 28147-9054
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1174167
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2007
Total area
28,964 SF
Lot
7.94 ac (345,866 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
060 181
UPID
US53-1174167
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Randy Marion Honda Parts Auto Parts Store
-
Gerry Wood Honda Parts Auto Parts Store
-
Randy Marion Honda Car Dealership
-
Randy Marion Honda Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.00M
Owner & transaction history
Cloninger Properties INC · 1 yrs held
Cloninger Properties INC
since 2025
Last sale
$17.4M
5 recorded transactions
Zoning & alternative use
HB:HIGHWAY BUSINESS · 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
Method
Estimation
Statistic approach
$13,460,000
ML approach
$9,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.00M
Range $11.70M – $14.29M · ±10% · vs last sale $17.43M (Mar 7 2023)
Last sale anchor
$17.43M
Mar 7 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$449 / SF
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
$63,054
Tax year 2023
Assessed value
$5,272,035
Assessed 2023
Previous assessed
$4,103,832
+28.5% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,001,222
Assessed improvement
$3,270,813
Land market value
$2,001,222
Improvement market value
$3,270,813
Total market value
$5,272,035
Applied tax rate
101.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2007
Heating
YES
Buildings
2
Stories
2
Units
1
Total area
28,964 SF
Lot
7.94 ac (345,866 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
060 181
UPID
US53-1174167
Jurisdiction
ROWAN
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Zoning HB:HIGHWAY BUSINESS · permitted uses
HB:HIGHWAY BUSINESS · 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
2007
Heating
YES
Stories
2
Buildings
2
Units
1
Lot
7.94 ac
Current owner
From public records · entity-resolved
Cloninger Properties INC
Entity
Mailing address
215 W PLZ DR, MOORESVILLE, NC 28117-8229
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
$7,789,500
Cloninger Properties INC
6k Properties LLC
Special Warranty Deed
$3,000,000 · Wells Fargo Bank NA
Mar 7, 2023
—
6k Properties LLC
Old York LLC
Quit Claim Deed
related
—
Mar 7, 2023
$17,428,500
6k Properties LLC
Old York LLC
Special Warranty Deed
—
—
—
Old York LLC
—
Loan Modification
related
$319,003 · Bank Of America
—
—
Old York LLC
—
Loan Modification
related
$253,000 · Bank Of America
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.
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