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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Warehouses
233 Broken Arrow Dr, Statesville, NC 28677-9610
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-0606150
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Construction
WOOD
Total area
8,554 SF
Lot
166.58 ac (7,256,225 SF)
Zoning code
RA
APN
3793-32-7846.000
UPID
US53-0606150
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
-
River Oaks Golf Club Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$811k
Blend (final)
Blend
$790k
Owner & transaction history
Mark L Brownlee
Mark L Brownlee
since 2025
7 recorded transactions
Zoning & alternative use
RA · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+153.8%
Office building
$855,000
+68.4%
Auto repair, garage
$630,000
+24.3%
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%
$1,035,000
6.5%
$955,000
7%
$890,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$510,000
Current use
RETAIL STORES
$1,290,000
Change: +154% · Conversion: Moderate
OFFICE BUILDING
$855,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$630,000
Change: +24% · Conversion: Easy
INDUSTRIAL (GENERAL)
$590,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$92 / 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
$5,940
Tax year 2023
Assessed value
$996,600
Assessed 2023
Previous assessed
$958,580
+4.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$199,900
Assessed improvement
$796,700
Land market value
$199,900
Improvement market value
$796,700
Total market value
$996,600
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
2011
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
1
Total area
8,554 SF
Lot
166.58 ac (7,256,225 SF)
Zoning code
RA
APN
3793-32-7846.000
UPID
US53-0606150
Jurisdiction
IREDELL
Zoning & alternative use
RA · Statesville, NC
Zoning RA · permitted uses
RA · 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
WAREHOUSE, STORAGE Current
Est. value
$510,000
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$630,000
INDUSTRIAL (GENERAL)
Est. value
$590,000
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2011
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
166.58 ac
Current owner
From public records · entity-resolved
Mark L Brownlee
Individual
Free & Clear · 0 yrs held
Mailing address
104 COMMANCHE CT, STATESVILLE, NC 28677-8513
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
Mark L Brownlee
Mark L Brownlee
Deed
—
Jan 26, 2024
—
Eagle Ops LLC
—
Deed
related
$100,000 · First Citizens Bank & Trust Co
Jun 3, 2022
—
Eagle Ops LLC
—
Deed
related
$775,000 · First Citizens Bank & Trust Co
Dec 7, 2018
—
Eagle Ops LLC
—
Deed
related
$90,000 · First Citizens Bank & Trust Co
Apr 7, 2010
$325,000
Eagle Ops LLC
Bank Of Granite
Warranty Deed
$260,000 · Peoples Bank & Trust
Aug 9, 2006
$2,700,000
Wynne Residl Asset Mgmt LLC
Bank Of Granite
Warranty Deed
related
$3,700,000 · Bank Of Granite
—
—
Eagle Ops LLC
—
Deed Of Trust
related
$325,000 · Peoples Bank & Trust
—
—
Eagle Ops LLC
—
Deed Of Trust
related
$50,000 · Peoples Bank & Trust
—
—
Eagle Ops LLC
—
Deed Of Trust
related
$530,000 · First Citizens Bk
—
—
Eagle Ops LLC
—
Deed Of Trust
related
$30,000 · First Citizens 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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