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Property profile & analytics
OFF-MARKET
Estimated value
$8,630,000
Refrigerated & Cold Storage
3776 Taylorsville Hwy Statesville, NC 28625-2532
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-2451001
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2003
Construction
STEEL FRAME
Total area
100,308 SF
Lot
9.66 ac (420,790 SF)
Zoning code
M1
APN
4715-87-1874.000
UPID
US53-2451001
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
-
Lineage Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.22M
Comparable Approach
Comparable
$6.08M
Blend (final)
Blend
$8.63M
Owner & transaction history
Llh Mrs Master Re LLC · 12 yrs held
Llh Mrs Master Re LLC
since 2014
5 recorded transactions
Zoning & alternative use
M1 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Office building
$10.2M
+4.4%
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%
$12,150,000
6.5%
$11,215,000
7%
$10,415,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,750,000
Current use
OFFICE BUILDING
$10,180,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,305,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$8.63M
Range $7.77M – $9.49M · ±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
$86 / 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
$63,151
Tax year 2023
Assessed value
$10,703,560
Assessed 2023
Previous assessed
$9,082,230
+17.9% YoY
Effective rate
0.59%
On assessed value
Assessed land
$318,780
Assessed improvement
$10,384,780
Land market value
$318,780
Improvement market value
$10,384,780
Total market value
$10,703,560
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Bathrooms
3
Total area
100,308 SF
Lot
9.66 ac (420,790 SF)
Zoning code
M1
APN
4715-87-1874.000
UPID
US53-2451001
Jurisdiction
IREDELL
Zoning & alternative use
M1 · Statesville, NCZoning M1 · permitted uses
M1 · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.8M
OFFICE BUILDING
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$8.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2003
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
3
Lot
9.66 ac
Current owner
From public records · entity-resolved
Llh Mrs Master Re LLC
Entity
Mailing address
46500 HUMBOLDT DR, NOVI, MI 48377-2434
Ownership since
2014
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
May 10, 2019
—
Llh Mrs Master Re LLC
—
Grant Deed
related
—
Apr 10, 2017
—
Llh Mrs Master Re LLC
—
Grant Deed
related
$1,295,000,000 · Goldman Sachs Mortgage Co
Apr 16, 2014
—
Llh Mrs Master Re LLC
Millard Refrigerated Svcs INC
Trustees Deed
related
$655,000,000 · Goldman-sachs Mtg
Sep 23, 2002
$2,500,000
Refrigerated S Millard
Crestwood,intern
Grant Deed
—
—
—
Llh Mrs Master Re LLC
—
Deed Of Trust
related
$1,000,000,000 · Goldman Sachs Mtg
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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