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Financial
Distress signals
Property profile

S Salisbury Ave Spencer, NC 28159

FOR SALE
Commercial land
Property ID
US53-3279206
0.89 ac lot
Last sale Jun 2021 · $136,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a renovated commercial building on 1.38 acres in Spencer, Rowan County, configured across four parcels. It contains 5,989 square feet of building area, including a 2,989-square-foot main level with a dual-zone layout: the front zone is configured for office use and the rear zone is set up for classes and community events. The interior finishes include commercial-grade LVP flooring, vinyl ceiling tiles, and LED lighting, with modernized infrastructure such as hot water lines,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$247
Tax billed · 2023
Assessed value$22k
Assessed land$22k
Effective rate1.13%

Value estimate

· Oct 2026
$135k
$122k – $149k
AI approach$130k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$128/SF
County average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$44 – $257

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?
HB
JurisdictionROWAN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.1
Dental Office12.1
Parking Facility10.5

Location

S Salisbury Ave Spencer, NC 28159
County assessor Recorded deeds · not on file Qualifying comp sales · not on file 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
112 Salisbury, Spencer, NC 28159-2428 $85,000 Nov 2024 1,923 SF
3rd, Spencer, NC 28159 $17,500 May 2024 No data
1200 Salisbury, Spencer, NC 28159-1917 $240,000 Mar 2024 No data
129 5th, Spencer, NC 28159-2125 $25,000 Mar 2024 3,075 SF
Salisbury, Spencer, NC 28159 $22,000 Feb 2023 No data
103 9th, Spencer, NC 28159-2004 $9,000 Aug 2022 No data
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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