Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$300,000
Commercial real estate
224 Davie Ave Statesville, NC 28677-5317
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0185945
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1901
Construction
WOOD
Total area
6,510 SF
Lot
0.33 ac (14,375 SF)
Zoning code
CBP
APN
4744-06-8487.000
UPID
US53-0185945
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
-
Harbinson Parker, Statesville Office Law Firm
-
W. Carey Parker Attorney Law Firm
-
massaged by michael Alternative Medicine Practice Spa & Massage Center
-
David P. Parker Law Firm
-
J Myers Salon and Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$300k
Owner & transaction history
H N Parker Heirs LLC · 3 yrs held
H N Parker Heirs LLC
since 2022
Last sale
$380,000
4 recorded transactions
Zoning & alternative use
CBP · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Houses of Worship, Storefront in CB and CBP Houses of Worship (storefront) shall be a permissible use within existing commercial buildings as an accessory use to the principal use of the property in the CB and CBP Districts provided they do not conflict with the normal hours of operation of the principal use. Q. Clean Material Landfill These may be permitted…
Zone name
Central Business Perimeter District
General category
COMMERCIAL
Zone area
126.90 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
Method
Estimation
Statistic approach
$300,000
ML approach
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$300k
Range $270k – $330k · ±10% · vs last sale $380k (Aug 12 2022)
Last sale anchor
$380k
Aug 12 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
$46 / 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
$3,941
Tax year 2023
Assessed value
$352,640
Assessed 2023
Previous assessed
$131,040
+169.1% YoY
Effective rate
1.12%
On assessed value
Assessed land
$66,000
Assessed improvement
$286,640
Land market value
$66,000
Improvement market value
$286,640
Total market value
$352,640
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1901
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Rooms
4
Bathrooms
1
Total area
6,510 SF
Lot
0.33 ac (14,375 SF)
Zoning code
CBP
APN
4744-06-8487.000
UPID
US53-0185945
Jurisdiction
IREDELL
Zoning & alternative use
CBP · Statesville, NCZoning CBP · permitted uses
CBP · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Houses of Worship, Storefront in CB and CBP Houses of Worship (storefront) shall be a permissible use within existing commercial buildings as an accessory use to the principal use of the property in the CB and CBP Districts provided they do not conflict with the normal hours of operation of the principal use. Q. Clean Material Landfill These may be permitted subject to the following: 1. Shall comply with all requirements administered by the North Carolina Department of
Zone name
Central Business Perimeter District
General category
COMMERCIAL
Zone area
126.90 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1901
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
H N Parker Heirs LLC
Entity
Free & Clear · 3 yrs held
Mailing address
666 NORMANDY RD, MOORESVILLE, NC 28117-8435
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
$380,000
H N Parker Heirs LLC
Matthew R Myers
Special Warranty Deed
—
Jun 8, 2012
$190,000
Matthew R Myers
Green Street V LLC
Warranty Deed
$234,000 · Branch Banking And Trust Co
Jul 26, 2011
$200,000
Green Street V LLC
Donaldson,kevin C
Trustees Deed
related
—
Mar 31, 2003
$332,500
K Men Real Properties LLC
Kutteh,robert H
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.
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 224 Davie Ave?
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.
