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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Garden apartment buildings
100 Muellers Cir 300, Statesville, NC 28625-2736
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-2780841
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Construction
WOOD
Total area
15,156 SF
Lot
13.2 ac (574,992 SF)
Zoning code
R-5MF
APN
4745-17-6655.000
UPID
US53-2780841
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
$2.12M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.52M
Owner & transaction history
Summer Pointe LLC · 10 yrs held
Summer Pointe LLC
since 2015
4 recorded transactions
Zoning & alternative use
R-5MF · Statesville, 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 Statesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Statesville 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%
$2,295,000
6.5%
$2,120,000
7%
$1,970,000
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$100 / 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
$169,941
Tax year 2023
Assessed value
$15,568,090
Assessed 2023
Previous assessed
$10,950,950
+42.2% YoY
Effective rate
1.09%
On assessed value
Assessed land
$594,000
Assessed improvement
$14,974,090
Land market value
$594,000
Improvement market value
$14,974,090
Total market value
$15,568,090
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
7
Stories
3
Units
21
Bathrooms
3
Total area
15,156 SF
Lot
13.2 ac (574,992 SF)
Zoning code
R-5MF
APN
4745-17-6655.000
UPID
US53-2780841
Jurisdiction
IREDELL
Zoning & alternative use
R-5MF · Statesville, NC
Zoning R-5MF · permitted uses
R-5MF · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Statesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
7
Units
21
Bathrooms
3
Lot
13.2 ac
Current owner
From public records · entity-resolved
Summer Pointe LLC
Entity
Mailing address
PO BOX 427, AUBURN, AL 36831-0427
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2018
—
Summer Pointe LLC
—
Deed
related
$10,800,000 · Wells Fargo Bk Nw NA
Sep 9, 2015
$9,800,000
Summer Pointe LLC
296 Muellers Circle Holdings L
Grant Deed
$8,685,120 · Auburn Bk
Mar 29, 2011
$4,600,000
Muellers Circle Holdings L 296
Lucas,kenneth S JR
Trustees Deed
related
—
—
—
Summer Pointe LLC
—
Deed Of Trust
related
$10,800,000 · Wells Fargo Bk Nw NA
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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