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Property profile & analytics
OFF-MARKET
Strip malls
1014 Shelton Ave 1022, Statesville, NC 28677
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US53-1427997
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Construction
STEEL FRAME
Total area
10,580 SF
Lot
0.9 ac (39,204 SF)
Zoning code
H-115
APN
4744-00-9534.000
UPID
US53-1427997
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Iredell Of Statesville Cmnty Enri · 19 yrs held
Iredell Of Statesville Cmnty Enri
since 2006
5 recorded transactions
Zoning & alternative use
H-115 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,201
Tax year 2023
Assessed value
$1,100,760
Assessed 2023
Previous assessed
$895,470
+22.9% YoY
Effective rate
1.02%
On assessed value
Assessed land
$135,000
Assessed improvement
$965,760
Land market value
$135,000
Improvement market value
$965,760
Total market value
$1,100,760
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
1
Bathrooms
3
Total area
10,580 SF
Lot
0.9 ac (39,204 SF)
Zoning code
H-115
APN
4744-00-9534.000
UPID
US53-1427997
Jurisdiction
IREDELL
Zoning & alternative use
H-115 · Statesville, NC
Zoning H-115 · permitted uses
H-115 · 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
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
3
Lot
0.9 ac
Current owner
From public records · entity-resolved
Iredell Of Statesville Cmnty Enri
Individual
Mailing address
110 W ALLISON ST, STATESVILLE, NC 28677-6616
Ownership since
2006
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
Aug 30, 2018
—
Iredell Statesville Cmnty Enri
—
Deed
related
$585,000 · Blueharbor Bk
Jul 31, 2006
$189,000
Iredell Of Statesville Cmnty Enri
Peoples Bank
Warranty Deed
$200,000 · Piedmont Bank
Jan 7, 1993
$150,000
Richard M Hartness
Unknown
Grant Deed
—
—
—
Iredell Statesville Cmnty Enri
—
Deed Of Trust
related
$768,800 · Piedmont Bank
—
—
Iredell Statesville Cmnty Enri
—
Deed Of Trust
related
$585,000 · Blueharbor 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.
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