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Property profile & analytics
OFF-MARKET
Garden apartment buildings
216 Harrill St Statesville, NC 28677-5357
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1258670
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1940
Construction
WOOD
Total area
2,888 SF
Lot
0.3 ac (13,068 SF)
Zoning code
O-1
APN
4744-17-1200.000
UPID
US53-1258670
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Novan Enterprises LLC · 1 yrs held
Novan Enterprises LLC
since 2024
Last sale
$471,000
5 recorded transactions
Zoning & alternative use
O-1 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nt yard setback for multi-family developments is ten (10) feet. Zero-lot line setbacks shall be permitted for interior units. 5. A five-foot vegetative buffer shall be required along the side and rear property lines. M. O-1 - Office Single Lot District Purpose: The purpose of this district is to provide a high quality environment for professional offices and…
Zone name
Office Single Lot District
General category
RESIDENTIAL
Zone area
141.43 ac
Source
code of ordinances
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
—
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
$4,197
Tax year 2023
Assessed value
$370,140
Assessed 2023
Previous assessed
$130,210
+184.3% YoY
Effective rate
1.13%
On assessed value
Assessed land
$60,000
Assessed improvement
$310,140
Land market value
$60,000
Improvement market value
$310,140
Total market value
$370,140
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
4
Rooms
5
Bathrooms
4
Total area
2,888 SF
Lot
0.3 ac (13,068 SF)
Zoning code
O-1
APN
4744-17-1200.000
UPID
US53-1258670
Jurisdiction
IREDELL
Zoning & alternative use
O-1 · Statesville, NCZoning 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
Zoning description
nt yard setback for multi-family developments is ten (10) feet. Zero-lot line setbacks shall be permitted for interior units. 5. A five-foot vegetative buffer shall be required along the side and rear property lines. M. O-1 - Office Single Lot District Purpose: The purpose of this district is to provide a high quality environment for professional offices and services conducted entirely within buildings. This district also allows converting
Zone name
Office Single Lot District
General category
RESIDENTIAL
Zone area
141.43 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
4
Rooms
5
Bathrooms
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Novan Enterprises LLC
Entity
Free & Clear · 1 yrs held
Mailing address
155 MAPLE AVE, WESTBURY, NY 11590-3116
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
$471,000
Novan Enterprises LLC
1000 Washington Avenue LLC
Warranty Deed
—
Jun 22, 2022
$400,000
1000 Washington Ave LLC
Kingslayer LLC
Warranty Deed
—
Aug 28, 2020
$270,000
Kingslayer LLC
120 S Elm St LLC
Warranty Deed
—
Sep 16, 2019
—
120 S Elm St LLC
—
Deed
related
$100,000 · Blueharbor Bank
Jun 7, 2019
$170,000
120 S Elm St LLC
Benbow,c David & Jeannie W
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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