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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Warehouses
1703 Gregory Rd, Statesville, NC 28677-3162
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-4801363
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
STONE
Total area
40,562 SF
Lot
13.28 ac (578,259 SF)
Zoning code
LI
APN
4735-10-5561.000
UPID
US53-4801363
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
-
Pepsi Bottling Ventures Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.54M
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$3.75M
Owner & transaction history
Pepsi Bottling Ventures LLC · 3 yrs held
Pepsi Bottling Ventures LLC
since 2023
7 recorded transactions
Zoning & alternative use
LI · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.1M
+153.8%
Office building
$4.1M
+68.4%
Auto repair, garage
$3.0M
+24.3%
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%
$4,915,000
6.5%
$4,535,000
7%
$4,210,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,405,000
Current use
RETAIL STORES
$6,110,000
Change: +154% · Conversion: Moderate
OFFICE BUILDING
$4,055,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,995,000
Change: +24% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,810,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$3.75M
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
$92 / 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
$36,392
Tax year 2023
Assessed value
$3,576,270
Assessed 2023
Previous assessed
$3,576,270
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$358,430
Assessed improvement
$3,217,840
Land market value
$358,430
Improvement market value
$3,217,840
Total market value
$3,576,270
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
STONE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
11
Stories
1
Rooms
12
Total area
40,562 SF
Lot
13.28 ac (578,259 SF)
Zoning code
LI
APN
4735-10-5561.000
UPID
US53-4801363
Jurisdiction
IREDELL
Zoning & alternative use
LI · Statesville, NC
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
RETAIL STORES
Est. value
$6.1M
OFFICE BUILDING
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1975
Construction
STONE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
11
Rooms
12
Lot
13.28 ac
Current owner
From public records · entity-resolved
Pepsi Bottling Ventures LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4141 PARKLAKE AVE STE #600, RALEIGH, NC 27612-2380
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
—
Pepsi Bottling Ventures LLC
Gregory Industrial Portfolio LLC
Assignment Of Lease (leasehold Sale)
—
Nov 2, 2021
$5,767,000
Gregory Industrial Portfolio LLC
Gregory Industrial Properties LLC
Special Warranty Deed
$24,000,000 · The Huntington National Bank
Nov 2, 2021
—
Gregory Industrial Portfolio LLC
Gregory Industrial Properties LLC
Deed
related
—
Apr 12, 2016
$1,949,500
Gregory Industrial Props LLC
M & W Warehouses LLC INC
Warranty Deed
$32,000,000 · * Other Institutional Lenders
Apr 11, 2016
—
M & W Warehouses LLC
Wooten,l R
Grant Deed
related
—
Nov 12, 2015
—
M & W Warehouses LLC
M & W Warehousing
Quit Claim Deed
related
—
Dec 29, 2011
—
M & W Warehouses
West Statesville Warehousing P
Warranty Deed
—
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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