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Property profile & analytics
OFF-MARKET
Office buildings
119 Buffalo Shls Rd Statesville, NC 28677-8652
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-0260231
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,880 SF
Lot
0.71 ac (31,145 SF)
Zoning code
B-2
APN
4734-53-6908.000
UPID
US53-0260231
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
Grant Prop Of Iredell LLC · 8 yrs held
Grant Prop Of Iredell LLC
since 2018
2 recorded transactions
Zoning & alternative use
B-2 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
yard requirement. 4. Residential density shall be in accordance with the provisions of Section 6.02 (B) of this Ordinance. 5. On-site wastewater disposal shall be provided by public utilities (i.e. water and sewer). P. B-2 - Neighborhood business district Purpose: The purpose of this district is to accommodate commercial activities along collector streets an…
Zone name
Neighborhood Business District
General category
COMMERCIAL
Zone area
171.91 ac
Source
code of ordinances
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
$541
Tax year 2023
Assessed value
$53,190
Assessed 2023
Previous assessed
$52,450
+1.4% YoY
Effective rate
1.02%
On assessed value
Assessed land
$42,900
Assessed improvement
$10,290
Land market value
$42,900
Improvement market value
$10,290
Total market value
$53,190
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
1,880 SF
Lot
0.71 ac (31,145 SF)
Zoning code
B-2
APN
4734-53-6908.000
UPID
US53-0260231
Jurisdiction
IREDELL
Zoning & alternative use
B-2 · Statesville, NCZoning B-2 · permitted uses
B-2 · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
yard requirement. 4. Residential density shall be in accordance with the provisions of Section 6.02 (B) of this Ordinance. 5. On-site wastewater disposal shall be provided by public utilities (i.e. water and sewer). P. B-2 - Neighborhood business district Purpose: The purpose of this district is to accommodate commercial activities along collector streets and thoroughfares, including the provision of goods and services to the local commun
Zone name
Neighborhood Business District
General category
COMMERCIAL
Zone area
171.91 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Grant Prop Of Iredell LLC
Entity
Free & Clear · 8 yrs held
Mailing address
380 LITTLE WILKESBORO RD, HARMONY, NC 28634-9201
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2018
—
Grant Prop Of Iredell LLC
Grant,lounell M
Quit Claim Deed
—
Feb 27, 2002
$70,000
J Kenneth Grant
Engram,edwin J
Grant Deed
—
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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