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Property profile & analytics
OFF-MARKET
Estimated value
$12,005,000
Garden apartment buildings
138 Signal Hl Dr, Statesville, NC 28625-4808
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1766546
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
7,596 SF
Lot
8.84 ac (384,983 SF)
Zoning code
R-5MF
APN
4754-08-0297.000
UPID
US53-1766546
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
-
Signal Hill Apartment Complex
-
Signal Hill Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.20M
Blend (final)
Blend
$12.01M
Owner & transaction history
Statesville Holdings 122 LP · 1 yrs held
Statesville Holdings 122 LP
since 2025
Last sale
$12.9M
7 recorded transactions
Zoning & alternative use
R-5MF · 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
$12,190,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.01M
Range $10.80M – $13.21M · ±10% · vs last sale $12.85M (Jan 27 2025)
Last sale anchor
$12.85M
Jan 27 2025
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
$1,580 / 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
$132,322
Tax year 2023
Assessed value
$12,284,050
Assessed 2023
Previous assessed
$12,284,050
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$883,800
Assessed improvement
$11,400,250
Land market value
$883,800
Improvement market value
$11,400,250
Total market value
$12,284,050
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
11
Stories
2
Units
8
Rooms
189
Total area
7,596 SF
Lot
8.84 ac (384,983 SF)
Zoning code
R-5MF
APN
4754-08-0297.000
UPID
US53-1766546
Jurisdiction
IREDELL
Zoning & alternative use
R-5MF · Statesville, NC
Zoning R-5MF · permitted uses
R-5MF · 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
1974
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
11
Units
8
Rooms
189
Lot
8.84 ac
Current owner
From public records · entity-resolved
Statesville Holdings 122 LP
Entity
Free & Clear · 1 yrs held
Mailing address
1345 AVE OF THE AMERICAS BLVD FL 32A, NEW YORK, NY 10105-3107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
$12,850,000
Statesville Holdings 122 LP
Fbrt Signal Hill Owner LLC
Special Warranty Deed
—
Sep 24, 2024
$13,501,000
Fbrt Signal Hill Owner LLC
Substitute Trustee Services INC
Deed
—
Jun 13, 2022
$17,000,000
138 Signal Hill Dr LLC
Signal Hill Cgc LLC
Special Warranty Deed
$152,757,944 · Peoples Bank & Trust Co Of Pickett
Jun 7, 2022
—
Signal Hill Cgc LLC
Signal Hill Cgc LLC
Intrafamily Transfer
related
—
Nov 29, 2021
$13,700,500
Signal Hill Cgc LLC
Sh Apartments LLC
Special Warranty Deed
$10,261,000 · Merchants Bank Of Indiana
Oct 3, 2019
$150,000
Rcc Shoppes At Broad Street Ll
Sh Apartments LLC
Grant Deed
$8,945,000 · Atlantic Union Bk
Oct 3, 2019
—
Rcc Shoppes At Broad Street Ll
Sh Apartments LLC
Grant Deed
related
—
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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