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Property profile & analytics
OFF-MARKET
Flex space
2470 Hickory Hwy, Statesville, NC 28677-2513
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2407659
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1988
Construction
STONE
Total area
2,880 SF
Lot
5.04 ac (219,542 SF)
Zoning code
GB
APN
4724-32-0908.000
UPID
US53-2407659
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
Rw Ent LLC · 5 yrs held
Rw Ent LLC
since 2020
Last sale
$215,000
4 recorded transactions
Zoning & alternative use
GB · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,218
Tax year 2023
Assessed value
$206,470
Assessed 2023
Previous assessed
$176,510
+17.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$113,400
Assessed improvement
$93,070
Land market value
$113,400
Improvement market value
$93,070
Total market value
$206,470
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
1988
Construction
STONE
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Total area
2,880 SF
Lot
5.04 ac (219,542 SF)
Zoning code
GB
APN
4724-32-0908.000
UPID
US53-2407659
Jurisdiction
IREDELL
Zoning & alternative use
GB · Statesville, NC
Zoning GB · permitted uses
GB · 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.
Building & site characteristics
From public records
Year built
1988
Construction
STONE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
5.04 ac
Current owner
From public records · entity-resolved
Rw Ent LLC
Entity
Free & Clear · 5 yrs held
Mailing address
102 ASHBROOK RD, STATESVILLE, NC 28677-2501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 24, 2020
$215,000
Rw Ent LLC
Nc Hickory Highway LLC
Warranty Deed
—
Mar 30, 2007
$265,000
Nc Hickory Highway LLC
Bailey,frank JR & Bernice H
Warranty Deed
—
Apr 4, 2003
$155,000
John C Valentine
Dye,bobby J
Grant Deed
—
Jan 2, 1988
$12,000
Bobby Joe Dye
Unknown
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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