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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Grocery and convenience stores
1205 Garner Bagnal Blvd Statesville, NC 28677-6969
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-2295040
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2016
Construction
WOOD
Total area
7,074 SF
Lot
1.43 ac (62,291 SF)
Zoning code
HI
APN
4744-71-7361.000
UPID
US53-2295040
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
-
Times #51 Grocery & Convenience Store Food Market
-
BP Car Wash
-
Bitstop Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$510k
Owner & transaction history
Mdhb Properties LLC · 10 yrs held
Mdhb Properties LLC
since 2016
6 recorded transactions
Zoning & alternative use
HI · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$655,000
+130.8%
Restaurant
$640,000
+125.7%
Retail stores
$585,000
+106.7%
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
by Request
ML approach
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$655,000
Change: +131% · Conversion: Moderate
RESTAURANT
$640,000
Change: +126% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +107% · Conversion: Easy
MEDICAL BUILDING
$545,000
Change: +93% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$540,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: +87% · Conversion: Easy
AUTO REPAIR, GARAGE
$510,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$72 / 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
$18,694
Tax year 2023
Assessed value
$1,837,080
Assessed 2023
Previous assessed
$1,576,080
+16.6% YoY
Effective rate
1.02%
On assessed value
Assessed land
$375,230
Assessed improvement
$1,461,850
Land market value
$375,230
Improvement market value
$1,461,850
Total market value
$1,837,080
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
2
Bathrooms
2
Total area
7,074 SF
Lot
1.43 ac (62,291 SF)
Zoning code
HI
APN
4744-71-7361.000
UPID
US53-2295040
Jurisdiction
IREDELL
Zoning & alternative use
HI · Statesville, NC
Zoning HI · permitted uses
HI · 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
OFFICE BUILDING
Est. value
$655,000
RESTAURANT
Est. value
$640,000
RETAIL STORES
Est. value
$585,000
MEDICAL BUILDING
Est. value
$545,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$510,000
OFFICE BUILDING
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Bathrooms
2
Lot
1.43 ac
Current owner
From public records · entity-resolved
Mdhb Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 795, LINCOLNTON, NC 28093-0795
Ownership since
2016
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
Jan 31, 2017
—
Mdhb Properties LLC
—
Deed
related
$130,000 · Communityone Bk NA
Apr 6, 2016
—
Mdhb Properties LLC
—
Deed Of Trust
related
$2,700,000 · Communityone Bk NA
Jan 27, 2016
$1,200,000
Mdhb Properties LLC
Maxwell,william R & Tanya K
Warranty Deed
—
—
—
William R Maxwell
—
Deed Of Trust
related
$249,806 · Yadkin Bank
—
—
Mdhb Properties LLC
—
Deed Of Trust
related
$130,000 · Communityone Bk NA
—
—
William R Maxwell
—
Deed Of Trust
related
$650,000 · Piedmont Bank
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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