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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Manufacturing properties
309 Steele St Statesville, NC 28677
Entity Owned
Free & Clear
Property ID
US53-2804403
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1955
Construction
STEEL FRAME
Total area
36,875 SF
Lot
2.46 ac (107,158 SF)
Zoning code
HI
APN
4734-92-9545.000
UPID
US53-2804403
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$507k
Blend (final)
Blend
$690k
Owner & transaction history
J C STEELE & SONS INC
J C STEELE & SONS INC
Zoning & alternative use
HI · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
In B-4, B-5, LI and HI districts outdoor storage is permitted in the side and rear yards provided that the area devoted to outdoor storage is screened from view with vegetation. e. When an accessory structure is located on a lot abutting more than one (1) public
Zone name
Heavy Industrial District
General category
INDUSTRIAL
Zone area
2,870.87 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
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$19 / 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
$4,679
Tax year 2023
Assessed value
$459,850
Assessed 2023
Previous assessed
$492,580
-6.6% YoY
Effective rate
1.02%
On assessed value
Assessed land
$39,110
Assessed improvement
$420,740
Land market value
$39,110
Improvement market value
$420,740
Total market value
$459,850
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1955
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
3
Bathrooms
4
Total area
36,875 SF
Lot
2.46 ac (107,158 SF)
Zoning code
HI
APN
4734-92-9545.000
UPID
US53-2804403
Jurisdiction
IREDELL
Zoning & alternative use
HI · Statesville, NCZoning HI · permitted uses
HI · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
In B-4, B-5, LI and HI districts outdoor storage is permitted in the side and rear yards provided that the area devoted to outdoor storage is screened from view with vegetation. e. When an accessory structure is located on a lot abutting more than one (1) public
Zone name
Heavy Industrial District
General category
INDUSTRIAL
Zone area
2,870.87 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1955
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
4
Lot
2.46 ac
Current owner
From public records · entity-resolved
J C STEELE & SONS INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1834, STATESVILLE, NC 28687-1834
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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