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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Office buildings
140 Ctr St Statesville, NC 28677-5295
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US53-0099664
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
STEEL FRAME
Total area
9,761 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CB
APN
4734-96-8392.000
UPID
US53-0099664
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
-
Beth R. Setzer Attorney At Law, P.C. Law Firm
-
Pecan Park Park Tourist Attraction
-
Edward Jones - Financial Advisor: Brian J Sohovich, CFP® Financial Advisor
-
Edward Jones Financial Advisor
-
Edward Jones - Financial Advisor: Kelsey O Sowers Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.49M
Owner & transaction history
Lke Properties LLC · 20 yrs held
Lke Properties LLC
since 2006
2 recorded transactions
Zoning & alternative use
CB · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+142.3%
Medical building
$1.9M
+95.3%
Retail stores
$1.5M
+50.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$975,000
Current use
RESTAURANT
$2,365,000
Change: +142% · Conversion: Moderate
MEDICAL BUILDING
$1,905,000
Change: +95% · Conversion: Easy
RETAIL STORES
$1,470,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±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
$153 / 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
$13,949
Tax year 2023
Assessed value
$1,248,110
Assessed 2023
Previous assessed
$1,008,090
+23.8% YoY
Effective rate
1.12%
On assessed value
Assessed land
$125,000
Assessed improvement
$1,123,110
Land market value
$125,000
Improvement market value
$1,123,110
Total market value
$1,248,110
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
2008
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Rooms
10
Bathrooms
4
Total area
9,761 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CB
APN
4734-96-8392.000
UPID
US53-0099664
Jurisdiction
IREDELL
Zoning & alternative use
CB · Statesville, NC
Zoning CB · permitted uses
CB · 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 Current
Est. value
$975,000
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
2008
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Rooms
10
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Lke Properties LLC
Entity
Mailing address
PO BOX 1609, STATESVILLE, NC 28687-1609
Ownership since
2006
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
Jan 16, 2008
—
Lke Properties LLC
—
Trustees Deed
related
$1,585,000 · Piedmont Bank
May 1, 2006
$195,000
Lke Properties LLC
Onley,roy & Sylvia S
Warranty Deed
$195,000 · 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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