Financial
Distress signals
Property profile

515 Oakland Rd Spindale, NC 28160

OFF-MARKET
Office Spaces
Property ID
US53-2470585
22,500 SF 4.34 ac lot
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 0.69-acre commercial lot, located at 515 Oakland Road in Spindale, North Carolina (zip code 28160), presents a unique investment opportunity. Situated in Rutherford County, the property boasts a highly desirable location directly in front of established businesses such as Fusion and Dollar General, ensuring excellent visibility and accessibility. The lot is exceptionally level, already rough-graded and grassed, minimizing site preparation costs for future development. The permitted…

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.

Mortgages

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?
$11k
Tax billed · 2023
Assessed value · 2024$1.10M
Assessed land$142k
Assessed improvement$957k
Effective rate1.03%

Value estimate

· Oct 2026
$700k
$630k – $770k
CAP approach$2.45M
Submarket $/SF estimate$2.45M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$242/SF
County average, outlier-cleaned · 103 recorded sales of this use type
Observed band · Q1–Q3$71 – $459
Qualifying comparables5

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?
GC
The GC General Commercial district is hereby established as a district in which the principal use of land is for retail sales and service...
General categoryCOMMERCIAL
JurisdictionRUTHERFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply10.6
Realty agency10.3
Hair Salon9.6

Location

515 Oakland Rd Spindale, NC 28160-2123
County assessor Recorded deeds · 1 transfer 5 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
230 Spindale, Spindale, NC 28160-1604 $200,000 Feb 2025 10,944 SF
148 Main, Spindale, NC 28160-1513 $195,000 Jul 2023 2,880 SF
837 Thunder, Spindale, NC 28160-1152 $460,000 Jan 2023 4,032 SF
393 Oak, Spindale, NC 28160-1592 $625,000 Feb 2022 5,248 SF
136 Reservation, Spindale, NC 28160-5221 $105,000 Dec 2019 2,668 SF
465 Main, Spindale, NC 28160-1235 $480,000 Nov 2018 4,250 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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