2118 MainSalisbury, NC 28147

  • Motels
  • 3,232 SF
Off market
$520,420 Estimated

Property Details for 2118 Main

Year built
1956
Lot size
0.52 AC
Property size (Sq ft)
3,232 SF
Zone code
HB:HIGHWAY BUSINESS
Property type
Motels
APN
061 06201
APU
6106201

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $655,934
    6.5%
    $605,478
    7%
    $562,229
  • Comparable approach

    Method
    Valuation
    Relative Method
    $465,211
    Geo Method
    $465,211
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,557,650
    Retail / Commercial
    $807,980
    Mixed-Use / Specialty
    $812,371
    Office
    $815,118
    Institutional / Educational
    $847,137
    Residential Income
    $991,150
    Multifamily
    $1,148,420
    Automotive / Energy
    $726,118
    Parking / Income-Based Land
    $243,390
    Restaurant / Food Service
    $438,039
    Healthcare / Senior Housing
    $825,614

Location Insight

City
Salisbury
County
Rowan
State
North Carolina
Latitude
35.6512
Longitude
-80.5
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
$6,224
$93,225
$427,195
$520,420
-
$93,225
$427,195
$520,420

FAQs

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