Property profile

1212 Tonewood St Statesville, NC 28625

OFF-MARKET
Hotels
Property ID
US53-1339993
30,738 SF 2.01 ac lot Built 1997
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1997
Construction WOOD
Total area 30,738 SF
Lot 2.01 ac (87,686 SF)
Zoning code B-5
APN 4745-34-3667.000
UPID US53-1339993

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1212 Tonewood St Statesville, NC 28625-2826
Statesville metro Census 61003 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$720k
CAP Approach CAP
by Request
Comparable Approach Comparable
$720k
Blend (final) Blend
$720k

Owner & transaction history

since 2018
5 recorded transactions
2023
Price N/A
2022
Price N/A
2018
$3.9M
2015
$3.3M
2008
$3.2M

Zoning & alternative use

B-5 · Statesville, NC
Zoning description

districts B-4 and B-5 shall be located on the same lot as the principal structure. In B-4, B-5, LI and HI districts outdoor storage is permitted in the side and rear yards provided that the area devoted to outdoor storag…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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