Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Turn key restaurants
211 Broad St Statesville, NC 28677-5259
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0260051
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,748 SF
Lot
0.12 ac (5,227 SF)
Zoning code
CB
APN
4734-95-3489.000
UPID
US53-0260051
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
-
Marty’s Pub & Grill Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Marty H Bragg JR · 10 yrs held
Marty H Bragg JR
since 2015
7 recorded transactions
Zoning & alternative use
CB · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$48 / 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
$5,313
Tax year 2023
Assessed value
$475,430
Assessed 2023
Previous assessed
$388,470
+22.4% YoY
Effective rate
1.12%
On assessed value
Assessed land
$48,000
Assessed improvement
$427,430
Land market value
$48,000
Improvement market value
$427,430
Total market value
$475,430
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
1
Bathrooms
1
Total area
10,748 SF
Lot
0.12 ac (5,227 SF)
Zoning code
CB
APN
4734-95-3489.000
UPID
US53-0260051
Jurisdiction
IREDELL
Zoning & alternative use
CB · Statesville, NC
Zoning CB · permitted uses
CB · 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.
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Marty H Bragg JR
Individual
Mailing address
360 FLY FISHER DR, SALISBURY, NC 28147-6763
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
—
Marty H Bragg JR
—
Deed
related
$330,000 · Truist Bank
Jun 24, 2019
—
Marty H Bragg JR.
—
Deed
related
$350,000 · Branch Bk&tr
Oct 9, 2015
$413,500
Marty H Bragg JR
Par Two Properties INC
Warranty Deed
$325,000 · Branch Bk&tr
Nov 30, 2010
—
Par Two Properties INC
—
Deed Of Trust
related
$1,365,994 · Piedmont Bank
Mar 7, 2008
—
Par Two Properties INC
—
Deed Of Trust
related
$1,300,000 · Piedmont Bank
Jul 10, 2002
$275,000
Par Two Properties
Hobos,thornebr
Grant Deed
—
—
—
Marty H Bragg JR.
—
Deed Of Trust
related
$350,000 · Branch Bk&tr
—
—
Par Two Properties INC
—
Deed Of Trust
related
$250,000 · Piedmont Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 211 Broad St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
