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    Property profile & analytics

    510 Salisbury Ave Spencer, NC 28159-2102

    • Retail space
    • 2,911 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $125,000
    Last Sale
    Jul 12, 2024
    $150,000
    Location Intelligence
    Property ID
    US53-2989388
    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

    • Retail space

    Property Details for 510 Salisbury Ave

    Year built
    1900
    Lot size
    0.15 lot acres
    Property size
    2,911 SF
    Zone code
    CB:CENTRAL BUSINESS
    Property type
    Retail space
    APN
    032 131
    APU
    32131

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.4355
    Latitude
    35.6881
    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
    $707
    $21,312
    $41,218
    $62,530
    -
    $21,312
    $41,218
    $62,530

    Comparable in this City

    • Value Estimation by Request
      1,620 SF

      200 Salisbury Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,620 SF
      200 Salisbury Ave, Spencer, NC 28159-2315
      View Details
    • Value Estimation by Request
      1,885 SF

      106 4th St

      RETAIL STORES (PERSONAL SERVICES) • 1,885 SF
      106 4th St, Spencer, NC 28159-2214
      View Details
    • Value Estimation by Request
      4,264 SF

      127 5th St

      RETAIL STORES (PERSONAL SERVICES) • 4,264 SF
      127 5th St, Spencer, NC 28159-2125
      View Details
    • Value Estimation
      $35,000
      1,500 SF

      102 4th St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      102 4th St, Spencer, NC 28159-2214
      View Details
    • Value Estimation
      $370,000
      14,960 SF

      1303 Salisbury Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,960 SF
      1303 Salisbury Ave, Spencer, NC 28159-1918
      View Details
    • Value Estimation by Request
      2,150 SF

      700 Salisbury Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,150 SF
      700 Salisbury Ave, Spencer, NC 28159-2106
      View Details

    Similar Nearby for Sale

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      Renovated Commercial Hub on 1.38 Acres

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      Highway business zoned property with road frontage visibility and multiple opportunities.
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      Multi-unit property with leasing opportunity in Spencer, North Carolina.
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    • Contact for pricing
      0.31 Acres

      Residential Land in Spencer, NC

      Land for sale in Spencer, North Carolina.
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      0.22 Acres

      Residential Land in Spencer, NC

      Residential land suitable for duplex construction in Spencer, North Carolina.
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      Residential Land in Spencer, NC

      Residential land for sale in Spencer, North Carolina.
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    Spencer, NC 28159-2102
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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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