115 MerrittSalisbury, NC 28144

  • Office properties
  • 2,536 SF
Off market
$4,598,620 Estimated

Property Details for 115 Merritt

Year built
1940
Lot size
0.46 AC
Property size (Sq ft)
2,536 SF
Zone code
B1
Property type
Office properties
Property subtype
Office buildings
APN
002 259
APU
2259

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $278,229
    6.5%
    $256,827
    7%
    $238,482
  • Comparable approach

    Method
    Valuation
    Relative Method
    $321,902
    Geo Method
    $429,446
  • Alternative Use

    Use
    Valuation
    Residential
    $318,465
    Hospitality
    $291,712
    Educational
    $242,701
    Medical
    $251,048
    Retail
    $377,535
115 Merritt, Salisbury, North Carolina

Location Insight

City
Salisbury
County
Rowan
State
North Carolina
Latitude
35.6818
Longitude
-80.481
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
$4,641
$120,000
$268,014
$388,014
-
$120,000
$268,014
$388,014

FAQs

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