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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Medical Office Space
349 Brookdale Dr, Statesville, NC 28677-4103
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US53-1720128
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
WOOD
Total area
5,256 SF
Lot
0.61 ac (26,354 SF)
Zoning code
O-1
APN
4744-39-4953.000
UPID
US53-1720128
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
-
Statesville Cardiology Medical Clinic
-
Med First Primary & Urgent Care - Statesville Medical Clinic
-
Mel Voulgaropoulos, M.D. Medical Clinic
-
Meneloas Athanasios Voulgaropoulos Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$544k
Blend (final)
Blend
$805k
Owner & transaction history
Acadian Holdings LLC · 19 yrs held
Acadian Holdings LLC
since 2007
2 recorded transactions
Zoning & alternative use
O-1 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+24.1%
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%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,025,000
Current use
RESTAURANT
$1,275,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$153 / 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
$8,797
Tax year 2023
Assessed value
$864,530
Assessed 2023
Previous assessed
$757,760
+14.1% YoY
Effective rate
1.02%
On assessed value
Assessed land
$145,200
Assessed improvement
$719,330
Land market value
$145,200
Improvement market value
$719,330
Total market value
$864,530
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Rooms
15
Bathrooms
1
Total area
5,256 SF
Lot
0.61 ac (26,354 SF)
Zoning code
O-1
APN
4744-39-4953.000
UPID
US53-1720128
Jurisdiction
IREDELL
Zoning & alternative use
O-1 · Statesville, NC
Zoning O-1 · permitted uses
O-1 · 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
MEDICAL BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING Current
RESTAURANT
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
2007
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Rooms
15
Bathrooms
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Acadian Holdings LLC
Entity
Mailing address
111 RENAISSANCE PL, STATESVILLE, NC 28625-9573
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2019
—
Acadian Hodings LLC
—
Deed
related
$673,000 · Blueharbor Bank
May 7, 2007
$300,000
Acadian Holdings LLC
Sullivan Road Partners
Warranty Deed
$1,160,000 · First Citizens Bank & Trust Co
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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