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Property profile & analytics
OFF-MARKET
Estimated value
$5,895,000
Flex space
2301 Speedball Rd, Statesville, NC 28677-2989
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-0987876
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
118,189 SF
Lot
18.03 ac (785,430 SF)
Zoning code
LI
APN
4724-89-1600.000
UPID
US53-0987876
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
-
RPM Plastics Factory Production Facility
-
Speedball Art Products Industrial Manufacturer Production Facility
-
Nandina Properties I LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.95M
Blend (final)
Blend
$5.90M
Owner & transaction history
Icp Properties LLC · 7 yrs held
Icp Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
LI · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.7M
+6.5%
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
INDUSTRIAL (GENERAL)
$8,185,000
Current use
AUTO REPAIR, GARAGE
$8,720,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$7,015,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$5.90M
Range $5.31M – $6.48M · ±10%
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
$50 / 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
$35,428
Tax year 2023
Assessed value
$3,481,570
Assessed 2023
Previous assessed
$2,631,950
+32.3% YoY
Effective rate
1.02%
On assessed value
Assessed land
$360,620
Assessed improvement
$3,120,950
Land market value
$360,620
Improvement market value
$3,120,950
Total market value
$3,481,570
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Rooms
4
Bathrooms
5
Total area
118,189 SF
Lot
18.03 ac (785,430 SF)
Zoning code
LI
APN
4724-89-1600.000
UPID
US53-0987876
Jurisdiction
IREDELL
Zoning & alternative use
LI · Statesville, NC
Zoning LI · permitted uses
LI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$8.7M
WAREHOUSE, STORAGE
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Rooms
4
Bathrooms
5
Lot
18.03 ac
Current owner
From public records · entity-resolved
Icp Properties LLC
Entity
Mailing address
2301 SPEEDBALL RD, STATESVILLE, NC 28677-2989
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Dec 30, 2021
—
Icp Properties LLC
—
Deed
related
$2,100,000 · The Fidelity Bank
Feb 11, 2021
—
Icp Properties LLC
—
Deed
related
$2,300,000 · Select Bank & Trust Co
Nov 19, 2018
—
Icp Properties LLC
Speedball Road LLC
Grant Deed
related
—
Jul 13, 2018
$2,750,000
Icp Properties LLC
Speedball Road LLC
Grant Deed
$2,700,000 · First Nat'l Bk/pa
Jul 13, 2018
—
Icp Properties LLC
Speedball Road LLC
Grant Deed
related
—
Jun 29, 2018
$16,500
Northside Indl Prop LLC
Speedball Road LLC
Warranty Deed
—
Mar 2, 2010
—
Speedball Road LLC
—
Grant Deed
related
$3,500,000 · Suntrust Bk
—
—
Speedball Road LLC
—
Deed Of Trust
related
$3,500,000 · Fifth Third Bk
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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