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Property profile & analytics
OFF-MARKET
Office buildings
1600 Shelton Ave Statesville, NC 28677-7254
Individually Owned
56-yr Hold
Free & Clear
Property ID
US53-0898282
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Construction
WOOD
Total area
3,020 SF
Lot
0.26 ac (11,326 SF)
Zoning code
H-115
APN
4743-07-3862.000
UPID
US53-0898282
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ruby Lorene Johnson · 56 yrs held
Ruby Lorene Johnson
since 1970
1 recorded transaction
Zoning & alternative use
H-115 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Square footage expansions to existing occupied businesses in the H-115 District may be permitted provided the expansion does not make the site any more non-conforming to the development standards. Parking may be expanded for existing occupied businesses in the H-115 District in the front yard. The cumulative total of square footage expansion and parking expa…
Zone name
Highway 115 Shelton Avenue Corridor District
General category
MIXED_USE
Zone area
114.07 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,313
Tax year 2023
Assessed value
$129,010
Assessed 2023
Previous assessed
$89,460
+44.2% YoY
Effective rate
1.02%
On assessed value
Assessed land
$48,750
Assessed improvement
$80,260
Land market value
$48,750
Improvement market value
$80,260
Total market value
$129,010
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
1945
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Bathrooms
2
Total area
3,020 SF
Lot
0.26 ac (11,326 SF)
Zoning code
H-115
APN
4743-07-3862.000
UPID
US53-0898282
Jurisdiction
IREDELL
Zoning & alternative use
H-115 · Statesville, NCZoning H-115 · permitted uses
H-115 · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Square footage expansions to existing occupied businesses in the H-115 District may be permitted provided the expansion does not make the site any more non-conforming to the development standards. Parking may be expanded for existing occupied businesses in the H-115 District in the front yard. The cumulative total of square footage expansion and parking expansion cannot exceed a total of thirty-five percent (35%) of the existing square footage of the primary structure. Outdoor storage of inventory and products cannot be expanded. W.
Zone name
Highway 115 Shelton Avenue Corridor District
General category
MIXED_USE
Zone area
114.07 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1945
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Ruby Lorene Johnson
Individual
Free & Clear · 56 yrs held
Mailing address
1604 SHELTON AVE, STATESVILLE, NC 28677-7226
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1970
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 1, 1970
$1
Ruby Lorene Johnson
—
Warranty 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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