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Property profile & analytics
OFF-MARKET
Estimated value
$3,755,000
Flex space
1475 Winston Ave, Statesville, NC 28677-8406
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-2361866
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1990
Construction
STEEL FRAME
Total area
73,862 SF
Lot
10 ac (435,600 SF)
Zoning code
HI
APN
4733-49-7459.000
UPID
US53-2361866
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
-
Carris Reels Inc General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.14M
Blend (final)
Blend
$3.76M
Owner & transaction history
Nc51 Re LLC · 14 yrs held
Nc51 Re LLC
since 2012
7 recorded transactions
Zoning & alternative use
HI · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.5M
+6.5%
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
INDUSTRIAL (GENERAL)
$5,115,000
Current use
AUTO REPAIR, GARAGE
$5,450,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$4,385,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.76M
Range $3.38M – $4.13M · ±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
$51 / 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
$13,263
Tax year 2023
Assessed value
$2,248,040
Assessed 2023
Previous assessed
$1,799,110
+25.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$275,000
Assessed improvement
$1,973,040
Land market value
$275,000
Improvement market value
$1,973,040
Total market value
$2,248,040
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
2
Total area
73,862 SF
Lot
10 ac (435,600 SF)
Zoning code
HI
APN
4733-49-7459.000
UPID
US53-2361866
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$5.5M
WAREHOUSE, STORAGE
Est. value
$4.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
10 ac
Current owner
From public records · entity-resolved
Nc51 Re LLC
Entity
Mailing address
49 MAIN ST, PROCTOR, VT 05765-1178
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2019
—
Nc51 Re LLC
—
Deed
related
$17,216,602 · Community Bk NA
Nov 7, 2017
—
Nc51 Re LLC
—
Loan Modification
related
$28,158,673 · Community Bk NA
Jan 9, 2017
—
Nc51 Re LLC
—
Deed
related
$3,440,000 · Merchants Bk
Sep 7, 2016
—
Nc51 Re LLC
—
Deed
related
$21,458,673 · Merchants Bk
Feb 1, 2012
$1,076,500
Nc51 Re LLC
Carris Properties Nc LLC
Grant Deed
$21,533,890 · Merchants Bk
—
—
Nc51 Re LLC
—
Loan Modification
related
$17,216,602 · Community Bk NA
—
—
Nc51 Re LLC
—
Loan Modification
related
$21,458,673 · Merchants Bk
—
—
Nc51 Re LLC
—
Loan Modification
related
$3,440,000 · Merchants Bk
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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