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Property profile & analytics
FOR SALE
Auto shops
6025 Us 601 Hwy, Salisbury, NC 28147
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-3143865
For Sale
1 / 13
$279,900
6025 Us 601 Hwy, Salisbury, NC 28147
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1993
Total area
1,948 SF
Lot
0.82 ac (35,700 SF)
Zoning code
RR
APN
311 090
UPID
US53-3143865
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
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
Kenneth Bryan Clark · 2 yrs held
Kenneth Bryan Clark
since 2023
Last sale
$112,500
6 recorded transactions
Zoning & alternative use
RR · 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
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
$721
Tax year 2023
Assessed value
$107,670
Assessed 2023
Previous assessed
$70,000
+53.8% YoY
Effective rate
0.67%
On assessed value
Assessed land
$35,000
Assessed improvement
$72,670
Land market value
$35,000
Improvement market value
$72,670
Total market value
$107,670
Applied tax rate
119.0000
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
For Sale
Year built
1993
Heating
NONE
Stories
1
Units
1
Total area
1,948 SF
Lot
0.82 ac (35,700 SF)
Zoning code
RR
APN
311 090
UPID
US53-3143865
Jurisdiction
ROWAN
Zoning & alternative use
RR · Salisbury, NC
Zoning RR · permitted uses
RR · 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
1993
Heating
NONE
Stories
1
Units
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Kenneth Bryan Clark
Individual
Free & Clear · 2 yrs held
Mailing address
7633 RIVERVIEW KNL CT, CLEMMONS, NC 27012-7725
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
$112,500
Kenneth Bryan Clark
Litheus LLC
Warranty Deed
—
Jun 9, 2020
$100,000
Litheus LLC
Grasso-warren Family Trust
Warranty Deed
$100,000 · Grasso-warren Family Tr (pt)
Jun 6, 2019
—
Grasso-warren Family Trust
Grasso Family Trust
Quit Claim Deed
related
—
Aug 18, 2016
—
Grasso Family Trust
Grasso-warren LLC
Quit Claim Deed
related
—
Oct 18, 2012
—
Grasso Warren LLC
Grasso,c Michael Tr
Quit Claim Deed
related
—
May 29, 2009
$75,000
Grasso,michael Tr
Chaney,brian
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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