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Property profile & analytics
OFF-MARKET
Auto shops
428 Jake Alexander S Blvd, Salisbury, NC 28147-9054
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-2186275
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2015
Total area
1,984 SF
Lot
3.47 ac (151,153 SF)
APN
060 162
UPID
US53-2186275
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
-
CARmazone Car Dealership
-
CARmazone Certified Service Auto Repair Shop
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
Reel Deal Invs Of Salisbury LLC · 14 yrs held
Reel Deal Invs Of Salisbury LLC
since 2011
7 recorded transactions
Zoning & alternative use
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
$34,191
Tax year 2023
Assessed value
$2,858,760
Assessed 2023
Previous assessed
$2,118,558
+34.9% YoY
Effective rate
1.20%
On assessed value
Assessed land
$692,465
Assessed improvement
$2,166,295
Land market value
$692,465
Improvement market value
$2,166,295
Total market value
$2,858,760
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2015
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
1,984 SF
Lot
3.47 ac (151,153 SF)
APN
060 162
UPID
US53-2186275
Jurisdiction
ROWAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2015
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
3.47 ac
Current owner
From public records · entity-resolved
Reel Deal Invs Of Salisbury LLC
Entity
Mailing address
428 JAKE ALEXANDER BLVD S, SALISBURY, NC 28147-9054
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2024
—
Reel Deal Investments Of Salisbury
—
Deed
related
$2,750,000 · United Bank
Dec 30, 2019
—
Reel Deal Investments Of Salisbury
—
Deed
related
$1,000,000 · Carolina Trust Bank
Mar 4, 2019
—
Reel Deal Investments Of Salisbury
—
Deed
related
$2,150,000 · Carolina Trust Bank
Jan 19, 2018
—
Reel Deal Investments Of Alisbury L
—
Deed
related
$2,500,000 · Carolina Trust Bank
Feb 7, 2017
—
Reel Deal Investments LLC
—
Deed
related
$4,207,500 · Capital Bk
Sep 14, 2011
—
Reel Deal Invs Of Salisbury LLC
Reel Deal Investments INC
Quit Claim Deed
$813,158 · Western Fsb
Jul 15, 2011
—
Reel Deal Investments Of Salis
Reel Deal Investments INC
Quit Claim Deed
related
—
Apr 1, 2011
$875,000
Reel Deal Investments INC
Sagebrush Of Nc LLC
Grant Deed
$815,000 · Western Fsb
—
—
Sagebrush Of North Carolina LLC
—
Deed Of Trust
related
$750,000 · Branch Banking & Trust Co
—
—
Sagebrush Of North Carolina LLC
—
Loan Modification
related
$1,000,000 · Branch Banking & Trust Co
—
—
Reel Deal Investments LLC
—
Loan Modification
related
$4,207,500 · Capital Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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