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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Office buildings
1701 Davie Ave 1703, Statesville, NC 28677-3521
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5696935
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
WOOD
Total area
3,984 SF
Lot
0.34 ac (14,810 SF)
Zoning code
O-1
APN
4745-61-8325.000
UPID
US53-5696935
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
-
Robert Scott Nance, D.D.S., M.S., P.A. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$622k
Blend (final)
Blend
$650k
Owner & transaction history
Lackey Legacy LLC · 1 yrs held
Lackey Legacy LLC
since 2025
7 recorded transactions
Zoning & alternative use
O-1 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$775,000
+95.3%
Retail stores
$600,000
+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
$400,000
Current use
MEDICAL BUILDING
$775,000
Change: +95% · Conversion: Easy
RETAIL STORES
$600,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$163 / 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
$5,478
Tax year 2023
Assessed value
$538,370
Assessed 2023
Previous assessed
$460,530
+16.9% YoY
Effective rate
1.02%
On assessed value
Assessed land
$127,500
Assessed improvement
$410,870
Land market value
$127,500
Improvement market value
$410,870
Total market value
$538,370
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
1998
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
2
Rooms
2
Bathrooms
1
Total area
3,984 SF
Lot
0.34 ac (14,810 SF)
Zoning code
O-1
APN
4745-61-8325.000
UPID
US53-5696935
Jurisdiction
IREDELL
Zoning & alternative use
O-1 · Statesville, NC
Zoning O-1 · permitted uses
O-1 · 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
$400,000
MEDICAL BUILDING
Est. value
$775,000
RETAIL STORES
Est. value
$600,000
OFFICE BUILDING Current
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
2
Rooms
2
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lackey Legacy LLC
Entity
Free & Clear · 1 yrs held
Mailing address
611TH SULLIVAN RD, STATESVILLE, NC 28677-3437
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
—
Lackey Legacy LLC
Above & Beyond Medical Services Pll
Warranty Deed
—
Dec 18, 2024
$600,000
Above & Beyond Medical Services Pll
Wcsk LLC
Warranty Deed
$480,000 · Blueharbor Bank
Mar 30, 2021
—
Wcsk LLC
—
Deed
related
$1,865,000 · Blueharbor Bank
Aug 7, 2017
—
Wcsk LLC
—
Deed
related
$27,000 · Branch Bk&tr
Aug 18, 2010
—
Sullivan Road Partners LLC
—
Deed Of Trust
related
$2,000,000 · Branch Banking & Trust Co
Jan 14, 2004
$460,000
Sullivan Road Partners
Stiles,w C & Doris S
Warranty Deed
—
Jan 13, 2004
$460,000
Sullivan Road Partners
Stiles,w C
Trustees Deed
—
—
—
Sullivan Road Partners
—
Deed Of Trust
related
$2,261,243 · First Citizens Bank & Trust Co
—
—
Wcsk LLC
—
Deed Of Trust
related
$27,000 · Branch Bk&tr
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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