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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Strip malls
1737 Wilkesboro Hwy, Statesville, NC 28625-8602
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0967288
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
43,759 SF
Lot
7.86 ac (342,382 SF)
Zoning code
CU-21 B-4
APN
4735-35-2220.000
UPID
US53-0967288
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
-
Peak Eye Care Eye Care Center Optometrist
-
MoneyGram Bank Credit Union
-
Matthew D. Morris, PharmD Pharmacy
-
Thomas D. Hesson, RPH Pharmacy
-
Statesville Discount Tobacco and vape (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.70M
Owner & transaction history
Community First Homes LLC · 2 yrs held
Community First Homes LLC
since 2024
Last sale
$35,000
2 recorded transactions
Zoning & alternative use
CU-21 B-4 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.5M
+124.1%
Restaurant
$3.4M
+72.7%
Retail stores
$3.3M
+67.4%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,990,000
Current use
COMMERCIAL (GENERAL)
$4,465,000
Change: +124% · Conversion: Easy
RESTAURANT
$3,440,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$3,335,000
Change: +67% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,235,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,040,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$2,435,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±10% · vs last sale $35k (Jun 27 2024)
Last sale anchor
$35k
Jun 27 2024
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
$62 / 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
$51,904
Tax year 2023
Assessed value
$5,100,580
Assessed 2023
Previous assessed
$4,036,260
+26.4% YoY
Effective rate
1.02%
On assessed value
Assessed land
$990,360
Assessed improvement
$4,110,220
Land market value
$990,360
Improvement market value
$4,110,220
Total market value
$5,100,580
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
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Bathrooms
2
Total area
43,759 SF
Lot
7.86 ac (342,382 SF)
Zoning code
CU-21 B-4
APN
4735-35-2220.000
UPID
US53-0967288
Jurisdiction
IREDELL
Zoning & alternative use
CU-21 B-4 · Statesville, NC
Zoning CU-21 B-4 · permitted uses
CU-21 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
$2.0M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RESTAURANT
Est. value
$3.4M
RETAIL STORES
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
2
Lot
7.86 ac
Current owner
From public records · entity-resolved
Community First Homes LLC
Entity
Mailing address
12 CHRISTOPHER WAY STE #200, EATONTOWN, NJ 07724-3331
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
$35,000
Community First Homes LLC
R11 Company LLC
Warranty Deed
$160,000 · Blueharbor Bank
Feb 21, 2018
$3,950,000
Old Wilkes Plaza LLC
Medtrout Properties LLC
Grant Deed
$3,432,000 · 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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