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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Medical Office Space
365 Brookdale Dr Statesville, NC 28677-4103
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US53-0148864
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
WOOD
Total area
9,588 SF
Lot
1.12 ac (48,787 SF)
Zoning code
O-1
APN
4744-39-3800.000
UPID
US53-0148864
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
-
Pam Westmoreland Sholar, MD Physician
-
Jing Li, MD, PhD Physician
-
Dr. Adriana Lorena Alvarez, MD Physician
-
Atrium Health Wake Forest Baptist | Gynecology Oncology - Statesville Medical Clinic Hospital
-
Vicki M. Bryant, PA-C | Atrium Health Wake Forest Baptist Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$820k
Blend (final)
Blend
$1.31M
Owner & transaction history
Sholar Properties LLC · 20 yrs held
Sholar Properties LLC
since 2006
5 recorded transactions
Zoning & alternative use
O-1 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nt yard setback for multi-family developments is ten (10) feet. Zero-lot line setbacks shall be permitted for interior units. 5. A five-foot vegetative buffer shall be required along the side and rear property lines. M. O-1 - Office Single Lot District Purpose: The purpose of this district is to provide a high quality environment for professional offices and…
Zone name
Office Single Lot District
General category
RESIDENTIAL
Zone area
141.43 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,870,000
Current use
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$137 / 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
$13,252
Tax year 2023
Assessed value
$1,302,240
Assessed 2023
Previous assessed
$1,126,430
+15.6% YoY
Effective rate
1.02%
On assessed value
Assessed land
$134,400
Assessed improvement
$1,167,840
Land market value
$134,400
Improvement market value
$1,167,840
Total market value
$1,302,240
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
2006
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Rooms
10
Bathrooms
2
Total area
9,588 SF
Lot
1.12 ac (48,787 SF)
Zoning code
O-1
APN
4744-39-3800.000
UPID
US53-0148864
Jurisdiction
IREDELL
Zoning & alternative use
O-1 · Statesville, NCZoning 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
Zoning description
nt yard setback for multi-family developments is ten (10) feet. Zero-lot line setbacks shall be permitted for interior units. 5. A five-foot vegetative buffer shall be required along the side and rear property lines. M. O-1 - Office Single Lot District Purpose: The purpose of this district is to provide a high quality environment for professional offices and services conducted entirely within buildings. This district also allows converting
Zone name
Office Single Lot District
General category
RESIDENTIAL
Zone area
141.43 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.9M
MEDICAL BUILDING Current
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
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Sholar Properties LLC
Entity
Mailing address
PO BOX 1267, MOORESVILLE, NC 28115-1267
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Sholar Properties LLC
—
Deed
related
$480,000 · First National Bank Of Pennsylvania
Feb 11, 2022
—
Sholar Properties LLC
—
Deed
related
$100,000 · First National Bank Of Pennsylvania
Sep 22, 2016
—
Sholar Properties LLC
—
Deed
related
$1,250,000 · Yadkin Bank
Feb 23, 2006
$550,000
Sholar Properties LLC
Sullivan Road Partners LLC
Warranty Deed
$2,000,000 · First Citizens Bank & Trust Co
—
—
Sholar Properties LLC
—
Deed Of Trust
related
$1,368,500 · Newdominion Bank
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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