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Property profile & analytics
FOR LEASE
Strip malls
1525 Cinema Dr Statesville, NC 28625
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1936273
For Lease
1 / 4
$15 SF/Yr
1525 Cinema Dr, Statesville, NC 28625
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
STEEL FRAME
Total area
27,200 SF
Lot
2.74 ac (119,354 SF)
Zoning code
CU-26 B-4
APN
4744-84-2978.000
UPID
US53-1936273
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
-
US Air Force and US Space Force Recruiting Military Recruiting Office
-
U.S. Army Recruiting North Carolina Military Recruiting Office
-
US Navy Enlisted Recruiting Military Recruiting Office
-
US Marine Corps Recruiting Military Recruiting Office
-
R & B Games, Cards, Comics (Bike/Boat/Book/etc) Store Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$905k
Owner & transaction history
Ns Statesville LLC · 6 yrs held
Ns Statesville LLC
since 2019
6 recorded transactions
Zoning & alternative use
CU-26 B-4 · 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,240,000
Current use
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$33 / 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
$24,316
Tax year 2023
Assessed value
$2,389,520
Assessed 2023
Previous assessed
$2,046,200
+16.8% YoY
Effective rate
1.02%
On assessed value
Assessed land
$745,280
Assessed improvement
$1,644,240
Land market value
$745,280
Improvement market value
$1,644,240
Total market value
$2,389,520
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2005
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
7
Bathrooms
1
Total area
27,200 SF
Lot
2.74 ac (119,354 SF)
Zoning code
CU-26 B-4
APN
4744-84-2978.000
UPID
US53-1936273
Jurisdiction
IREDELL
Zoning & alternative use
CU-26 B-4 · Statesville, NC
Zoning CU-26 B-4 · permitted uses
CU-26 B-4 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2005
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
7
Bathrooms
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
Ns Statesville LLC
Entity
Mailing address
18825 W CATAWBA AVE STE #250, CORNELIUS, NC 28031-5552
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2019
$2,163,000
Ns Statesville LLC
Centre Partners Il Eastside
Grant Deed
$1,500,000 · First Horizon Bk
Feb 28, 2019
—
Eastside Centre Partners II LLC
—
Deed
related
$1,150,000 · Capital Bank
Feb 6, 2019
$1,540,000
Eastside Centre Ptrs II LLC
Budd David G II
Grant Deed
—
Dec 15, 2011
$2,550,000
Frosty Refrigerated Services LLC
Eastside Centre Lot 3 LLC
Warranty Deed
$1,900,000 · Td Bank NA
Sep 30, 2005
—
Eastside Centre Lot 3 LLC
—
Trustees Deed
related
$249,900 · Carolina First Bank
—
—
Frosty Refrigerated Svcs LLC
—
Deed Of Trust
related
$650,000 · Eastside Centre-lot 3 LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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