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Property profile & analytics
OFF-MARKET
Estimated value
$4,315,000
Automotive properties
629 Jake Alexander S Blvd, Salisbury, NC 28147-9056
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1287385
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1989
Construction
STEEL FRAME
Total area
30,091 SF
Lot
11.95 ac (520,542 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
060 123
UPID
US53-1287385
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
-
Ben Mynatt Nissan Parts Department Auto Parts Store
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
-
Ben Mynatt Nissan Car Dealership
-
Ben Mynatt Nissan Collision Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.66M
Blend (final)
Blend
$4.32M
Owner & transaction history
629 Jake Alexander Blvd LLC · 18 yrs held
629 Jake Alexander Blvd LLC
since 2007
5 recorded transactions
Zoning & alternative use
HB:HIGHWAY BUSINESS · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,385,000
Current use
MEDICAL BUILDING
$4,240,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,010,000
Change: -9% · Conversion: Moderate
RESTAURANT
$3,615,000
Change: -18% · Conversion: Difficult
OFFICE BUILDING
$3,585,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.88M – $4.75M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$143 / SF
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
$57,760
Tax year 2023
Assessed value
$4,829,428
Assessed 2023
Previous assessed
$3,947,707
+22.3% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,091,268
Assessed improvement
$2,738,160
Land market value
$2,091,268
Improvement market value
$2,738,160
Total market value
$4,829,428
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
30,091 SF
Lot
11.95 ac (520,542 SF)
Zoning code
HB:HIGHWAY BUSINESS
APN
060 123
UPID
US53-1287385
Jurisdiction
ROWAN
Zoning & alternative use
HB:HIGHWAY BUSINESS · Salisbury, NC
Zoning HB:HIGHWAY BUSINESS · permitted uses
HB:HIGHWAY BUSINESS · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RESTAURANT
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
11.95 ac
Current owner
From public records · entity-resolved
629 Jake Alexander Blvd LLC
Entity
Mailing address
20 WASHINGTON LN SE, CONCORD, NC 28025-3506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
—
629 Jake Alexander Blvd LLC
—
Deed
related
$2,338,512 · Uwharrie Bank
May 9, 2019
—
629 Jake Alexander Blvd LLC
—
Deed
related
$5,130,840 · Uwharrie Bk
Jun 29, 2015
—
629 Jake Alexander Blvd LLC
—
Trustees Deed
related
$2,000,000 · Uwharrie Bk
Sep 7, 2007
$4,500,000
629 Jake Alexander Blvd LLC
Far,enterprises
Grant Deed
$4,500,000 · Far Enterprises
—
—
629 Jake Alexander Blvd LLC
—
Loan Modification
related
$5,130,840 · Uwharrie 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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