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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Retail space
11801 Statesville Blvd, Cleveland, NC 27013-9420
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1564748
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
STEEL FRAME
Total area
9,082 SF
Lot
0.87 ac (37,897 SF)
Zoning code
GB:GENERAL BUSINESS
APN
265 014
UPID
US53-1564748
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
-
FedEx OnSite Postal Service Courier Service
-
Western Union Bank Credit Union
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$910k
Owner & transaction history
Aok Capital LLC · 1 yrs held
Aok Capital LLC
since 2024
6 recorded transactions
Zoning & alternative use
GB:GENERAL BUSINESS · Cleveland, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+59.8%
Commercial (general)
$1.2M
+45.3%
Office building
$1.1M
+38.6%
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$800,000
Current use
MEDICAL BUILDING
$1,280,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,165,000
Change: +45% · Conversion: Easy
OFFICE BUILDING
$1,110,000
Change: +39% · Conversion: Easy
RESTAURANT
$1,090,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$860,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$5,259
Tax year 2023
Assessed value
$597,570
Assessed 2023
Previous assessed
$533,745
+12.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$125,060
Assessed improvement
$472,510
Land market value
$125,060
Improvement market value
$472,510
Total market value
$597,570
Applied tax rate
105.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
9,082 SF
Lot
0.87 ac (37,897 SF)
Zoning code
GB:GENERAL BUSINESS
APN
265 014
UPID
US53-1564748
Jurisdiction
ROWAN
Zoning & alternative use
GB:GENERAL BUSINESS · Cleveland, NC
Zoning GB:GENERAL BUSINESS · permitted uses
GB:GENERAL BUSINESS · Cleveland, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$800,000
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$860,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Aok Capital LLC
Entity
Mailing address
825 SAN ANTONIO RD STE #110, PALO ALTO, CA 94303-4620
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
—
Aok Capital LLC
Taggie Capital LLC
Special Warranty Deed
$1,400,000 · Symetra Life Insurance Co
Dec 12, 2014
—
Taggie Capital LLC
Aok Capital LLC
Special Warranty Deed
$18,275,000 · Starwood Mortgage Capital LLC
Feb 17, 2014
$438,000
Aok Capital LLC
Voncannon Donald M
Trustees Deed
related
—
Feb 11, 2014
$438,000
Aok Capital LLC
Southeastern Consortium Properties Cleveland LLC
Grant Deed
related
$300,000 · First Bk
Mar 18, 2005
—
Southeastern Consortium Props
—
Trustees Deed
related
$325,000 · Rcg Longview II LP
Jan 5, 2005
$76,000
Southeastern Consortium Props
Triple W Industries LLC
Warranty Deed
$81,000 · Connie G Nyholm
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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