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    Property profile & analytics

    500 Innes St Salisbury, NC 28144-5112

    • Grocery and convenience stores
    • 2,380 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    $2,090,000
    Last Sale
    Mar 07, 2023
    $2,424,000
    Location Intelligence
    Property ID
    US53-0040284
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bank of America ATM (Drive-thru) / Atm / Financial Consultant
    • Bank of America Home Mortgage / Mortgage Lender
    • Bank of America (Lobby Service Only) / Financial Consultant / Financial Planner
    • Speedway / Gas Station / Convenience Store

    Property Details for 500 Innes St

    Year built
    2000
    Lot size
    0.95 lot acres
    Property size
    2,380 SF
    Zone code
    B6
    Property type
    Grocery and convenience stores
    APN
    019 085
    APU
    19085

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,870,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,470,000
      6.5%
      $2,425,000
      7%
      $2,135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,280,000
      Geo Method
      $2,085,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,350,000
      Retail
      $2,265,000
      Mixed-Use
      $2,585,000
      Hospitality
      $2,695,000
      Educational
      $2,400,000
      Residential Income
      $2,595,000
      Energy
      $2,935,000
      Income-Based Land
      $2,545,000
      Food Service
      $2,900,000

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.4651
    Latitude
    35.6639
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,453
    $687,844
    $436,977
    $1,124,821
    -
    $687,844
    $436,977
    $1,124,821

    Comparable in this City

    • Value Estimation by Request
      1,215 SF

      1210 Monroe St

      CONVENIENCE STORE • 1,215 SF
      1210 Monroe St, Salisbury, NC 28144-3934
      View Details
    • Value Estimation by Request
      2,000 SF

      3140 Innes St

      GROCERY, SUPERMARKET • 2,000 SF
      3140 Innes St, Salisbury, NC 28144-0766
      View Details
    • Value Estimation by Request
      1,120 SF

      702 Horah St

      CONVENIENCE STORE • 1,120 SF
      702 Horah St, Salisbury, NC 28144-4124
      View Details
    • Value Estimation by Request
      1,242 SF

      1010 Freeland Dr

      CONVENIENCE STORE • 1,242 SF
      1010 Freeland Dr, Salisbury, NC 28144-5173
      View Details
    • Value Estimation
      $375,000
      1,450 SF

      902 Main St

      CONVENIENCE STORE • 1,450 SF
      902 Main St, Salisbury, NC 28144-6445
      View Details
    • Value Estimation
      $335,000
      1,152 SF

      1600 Main St

      CONVENIENCE STORE • 1,152 SF
      1600 Main St, Salisbury, NC 28144-6708
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,961 SF

      Downtown Salisbury Retail/Warehouse Opportunity

      Retail and warehouse space in Downtown Salisbury for sale.
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    • New
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      0.29 Acres

      Historic Downtown Salisbury Commercial Building

      Versatile commercial building in historic downtown Salisbury with ample parking.
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      Downtown Salisbury Storefront

      Historic building, prime retail location.
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      Salisbury Retail Center - High ROI

      12,304 SF Retail Center, 4.35 Acres
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      16,348 SF

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      Salisbury Office Building - Great ROI

      Fully occupied, high-return office building.
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    Similar Nearby for Lease

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      6,100 SF

      Downtown Salisbury Restaurant Space

      Prime location, 6100 sq ft, redevelopment opportunity.
      115 Jackson St, Salisbury, NC 28144
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    • Contact for pricing
      6,100 SF

      Restaurant Space in Bell Tower

      Restaurant space available in downtown Salisbury's Bell Tower Green.
      115 W Innes St, Salisbury, NC 28144
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    • Contact for pricing

      Freestanding Restaurant with Drive-Thru

      Second-generation restaurant with drive-thru, high visibility, and traffic.
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    • Contact for pricing
      64,780 SF

      Salisbury Retail Space For Lease

      Prime Retail, 6,319 SF Available
      815 Innes St, Salisbury, NC 28144
      View Details
    • Contact for pricing
      64,780 SF

      Innes Street Retail Center

      Salisbury, NC Retail Space Available
      815 Innes St, Salisbury, NC 28144
      View Details
    • Contact for pricing
      43,000 SF

      Prime Salisbury Executive Office Space

      43,000 SF Office Building - Available Now
      815 Innes St, Salisbury, NC 28144
      View Details

    Property Visit Statistics

    • Visits by month
      19.9k
    • Visitors by month
      11.5k
    • Avg Time on site
      10 min
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    500 Innes St
    Salisbury, NC 28144-5112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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