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Property profile & analytics
OFF-MARKET
Estimated value
$7,105,000
Warehouses
214 Turnersburg Hwy Statesville, NC 28625-2797
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3899450
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2012
Construction
STEEL FRAME
Total area
42,095 SF
Lot
6.53 ac (284,447 SF)
Zoning code
B-4
APN
4745-46-1531.000
UPID
US53-3899450
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
-
PetSmart (Bike/Boat/Book/etc) Store Pet Store & Service
-
TagWorks (Bike/Boat/Book/etc) Store Pet Store & Service
-
PetSmart Dog Training Animal Training
-
PetSmart Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.40M
CAP Approach
CAP
$4.71M
Comparable Approach
Comparable
$6.76M
Blend (final)
Blend
$7.11M
Owner & transaction history
Rcg-statesville Pm LLC · 1 yrs held
Rcg-statesville Pm LLC
since 2025
Last sale
$8.5M
5 recorded transactions
Zoning & alternative use
B-4 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
districts B-4 and B-5 shall be located on the same lot as the principal structure. In B-4, B-5, LI and HI districts outdoor storage is permitted in the side and rear yards provided that the area devoted to outdoor storage is screened from view with vegetation. e. When an accessory structure is located on a lot abutting more than one (1) public
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
928.37 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$10.2M
+149.1%
Medical building
$8.2M
+100.8%
Retail stores
$6.3M
+55.0%
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
$6,755,000
ML approach
$7,400,000
CAP Approach
CAP Return
Estimation
6%
$5,100,000
6.5%
$4,705,000
7%
$4,370,000
Alternative Use
Use
Estimation
RESTAURANT
$10,190,000
Change: +149% · Conversion: Difficult
MEDICAL BUILDING
$8,215,000
Change: +101% · Conversion: Difficult
RETAIL STORES
$6,340,000
Change: +55% · Conversion: Moderate
OFFICE BUILDING
$4,270,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$7.11M
Range $6.39M – $7.82M · ±10% · vs last sale $8.50M (Mar 3 2022)
Last sale anchor
$8.50M
Mar 3 2022
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
$169 / 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
$79,546
Tax year 2023
Assessed value
$7,817,010
Assessed 2023
Previous assessed
$6,491,070
+20.4% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,692,580
Assessed improvement
$6,124,430
Land market value
$1,692,580
Improvement market value
$6,124,430
Total market value
$7,817,010
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
42,095 SF
Lot
6.53 ac (284,447 SF)
Zoning code
B-4
APN
4745-46-1531.000
UPID
US53-3899450
Jurisdiction
IREDELL
Zoning & alternative use
B-4 · Statesville, NCZoning B-4 · permitted uses
B-4 · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
districts B-4 and B-5 shall be located on the same lot as the principal structure. In B-4, B-5, LI and HI districts outdoor storage is permitted in the side and rear yards provided that the area devoted to outdoor storage is screened from view with vegetation. e. When an accessory structure is located on a lot abutting more than one (1) public
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
928.37 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$8.2M
RETAIL STORES
Est. value
$6.3M
OFFICE BUILDING
Est. value
$4.3M
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE 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
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
6.53 ac
Current owner
From public records · entity-resolved
Rcg-statesville Pm LLC
Entity
Mailing address
23425 COMMERCE PARK STE #103, CLEVELAND, OH 44122-5848
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
$8,917,000
Rcg-statesville Pm LLC
Arg Fcstanc001 LLC
Deed
related
$735,000,000 · Truist Bank
Jun 30, 2022
—
Fourth Creek Landing LLC
—
Deed
related
$8,939,000 · Berkadia Commercial Mortgage LLC
Mar 3, 2022
$8,502,000
Arg Fsctanc001 LLC
Cole Mt Statesville Nc LLC
Special Warranty Deed
—
Jul 29, 2021
—
Cole Mt Statesville Nc LLC
—
Deed
related
$650,000,000 · Jpmorgan Chase Bank NA
Apr 2, 2013
$10,286,000
Cole Mt Statesville Nc LLC
Nc Statesville Hwy 21 LLC
Grant 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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