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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Medical Office Space
1217 Davie Ave, Statesville, NC 28677-3511
Entity Owned
Free & Clear
Property ID
US53-1093078
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
WOOD
Total area
4,025 SF
Lot
1.41 ac (61,420 SF)
Zoning code
O-1
APN
4745-50-1331.000
UPID
US53-1093078
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
-
Lake Norman Medical Group, Family Medicine Davie Avenue Medical Clinic
-
Leslie Fulton Nakhle Physician
-
Krystal M Coleman Physician
-
Davis Medical Group - Internal Medicine Davie Avenue Medical Clinic
-
Krystal Coleman Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$985k
Blend (final)
Blend
$1.02M
Owner & transaction history
1217 Davie Avenue LLC
1217 Davie Avenue LLC
since 2026
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
O-1 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$860,000
7%
$800,000
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.12M (Feb 13 2026)
Last sale anchor
$1.12M
Feb 13 2026
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
$253 / 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
$8,168
Tax year 2023
Assessed value
$802,700
Assessed 2023
Previous assessed
$742,180
+8.2% YoY
Effective rate
1.02%
On assessed value
Assessed land
$270,720
Assessed improvement
$531,980
Land market value
$270,720
Improvement market value
$531,980
Total market value
$802,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Rooms
10
Bathrooms
1
Total area
4,025 SF
Lot
1.41 ac (61,420 SF)
Zoning code
O-1
APN
4745-50-1331.000
UPID
US53-1093078
Jurisdiction
IREDELL
Zoning & alternative use
O-1 · Statesville, NC
Zoning O-1 · permitted uses
O-1 · 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.
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
1217 Davie Avenue LLC
Entity
Free & Clear · 0 yrs held
Mailing address
14229 BALLANTYNE COUNTRY CLB DR, CHARLOTTE, NC 28277-1415
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
—
1217 Davie Avenue LLC
—
Deed
related
$700,000 · Security Service Federal Credit Union
Feb 13, 2026
$1,115,500
1217 Davie Avenue LLC
Bk Statesville Holdings LLC
Special Warranty Deed
—
May 2, 2019
$725,000
Bk Statesville Holdings LLC
Davie Avenue Statesville LLC
Warranty Deed
—
Jan 8, 1989
$120,000
Henry C Walters JR
Unknown
Grant Deed
—
—
—
Henry C Walters
—
Deed Of Trust
related
$600,000 · First Citizens Bank & Trust Co
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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