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Property profile & analytics
OFF-MARKET
Estimated value
$4,380,000
Automotive properties
1015 Folger Dr, Statesville, NC 28625-6274
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-2229224
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,978 SF
Lot
3.56 ac (154,856 SF)
Zoning code
B4
APN
4744-72-8936.000 A
UPID
US53-2229224
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
Current use
Occupant on record · Public records
-
Flow Hyundai of Statesville Car Dealership
-
Flow Automotive - Statesville Car Dealership
-
Flow Hyundai of Statesville - Service Auto Repair Shop
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Flow Hyundai of Statesville - Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.38M
Owner & transaction history
Flow 1015 Folger LLC · 6 yrs held
Flow 1015 Folger LLC
since 2020
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
B4 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+192.4%
Medical building
$3.1M
+135.7%
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
$4,930,000
ML approach
$4,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,870,000
Change: +192% · Conversion: Difficult
MEDICAL BUILDING
$3,120,000
Change: +136% · Conversion: Difficult
Blend value · Realmo final
$4.38M
Range $3.94M – $4.82M · ±10% · vs last sale $3.89M (Jan 31 2020)
Last sale anchor
$3.89M
Jan 31 2020
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
$274 / 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
$33,465
Tax year 2023
Assessed value
$3,288,590
Assessed 2023
Previous assessed
$2,710,480
+21.3% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,137,600
Assessed improvement
$2,150,990
Land market value
$1,137,600
Improvement market value
$2,150,990
Total market value
$3,288,590
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
8
Bathrooms
4
Total area
15,978 SF
Lot
3.56 ac (154,856 SF)
Zoning code
B4
APN
4744-72-8936.000 A
UPID
US53-2229224
Jurisdiction
IREDELL
Zoning & alternative use
B4 · Statesville, NC
Zoning B4 · permitted uses
B4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.1M
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
4
Lot
3.56 ac
Current owner
From public records · entity-resolved
Flow 1015 Folger LLC
Entity
Mailing address
500 W 5TH ST #18, WINSTON SALEM, NC 27101-2778
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$3,894,500
Flow 1015 Folger LLC
Mamco Statesville Prop LLC
Grant Deed
$3,539,000 · First Nat'l Bk/pa
Jan 25, 2019
$2,450,000
Mamco Statesville Prop LLC
Flow 1015 Folger LLC
Grant Deed
$2,480,000 · Bank Of America
Apr 2, 2013
$2,000,000
Flow 1015 Folger LLC
Kyle Nichols Investments LLC
Deed
$1,700,000 · Suntrust Bank
Feb 8, 2012
—
Kyle Nichols Investments LLC
Nichols,larry K & Shasta L
Quit Claim Deed
related
—
Dec 30, 2011
—
Larry K Nichols
Nichols,larry W & Mary E S
Quit Claim Deed
related
—
Jan 8, 1990
$800,000
Larry W Nichols
Unknown
Grant Deed
—
—
—
Flow 1015 Folger LLC
—
Loan Modification
related
$1,928,045 · Suntrust 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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