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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Garden apartment buildings
412 Ctr St Statesville, NC 28677-5864
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2268591
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1940
Construction
WOOD
Total area
4,340 SF
Lot
0.73 ac (31,712 SF)
Zoning code
CBP
APN
4744-04-3486.000
UPID
US53-2268591
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
-
Heritage Court Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Heritage Court Nc LLC · 5 yrs held
Heritage Court Nc LLC
since 2021
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
CBP · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Houses of Worship, Storefront in CB and CBP Houses of Worship (storefront) shall be a permissible use within existing commercial buildings as an accessory use to the principal use of the property in the CB and CBP Districts provided they do not conflict with the normal hours of operation of the principal use. Q. Clean Material Landfill These may be permitted…
Zone name
Central Business Perimeter District
General category
COMMERCIAL
Zone area
126.90 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
$1,065,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.10M (Jun 15 2021)
Last sale anchor
$1.10M
Jun 15 2021
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
$251 / 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
$12,670
Tax year 2023
Assessed value
$1,069,270
Assessed 2023
Previous assessed
$223,970
+377.4% YoY
Effective rate
1.18%
On assessed value
Assessed land
$145,600
Assessed improvement
$923,670
Land market value
$145,600
Improvement market value
$923,670
Total market value
$1,069,270
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
4
Rooms
30
Total area
4,340 SF
Lot
0.73 ac (31,712 SF)
Zoning code
CBP
APN
4744-04-3486.000
UPID
US53-2268591
Jurisdiction
IREDELL
Zoning & alternative use
CBP · Statesville, NCZoning CBP · permitted uses
CBP · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Houses of Worship, Storefront in CB and CBP Houses of Worship (storefront) shall be a permissible use within existing commercial buildings as an accessory use to the principal use of the property in the CB and CBP Districts provided they do not conflict with the normal hours of operation of the principal use. Q. Clean Material Landfill These may be permitted subject to the following: 1. Shall comply with all requirements administered by the North Carolina Department of
Zone name
Central Business Perimeter District
General category
COMMERCIAL
Zone area
126.90 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
4
Rooms
30
Lot
0.73 ac
Current owner
From public records · entity-resolved
Heritage Court Nc LLC
Entity
Mailing address
299 FRST AVE E STE E, PARAMUS, NJ 07652-5400
Ownership since
2021
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
Jun 15, 2021
$1,100,000
Heritage Court Nc LLC
Henson Properties Incorporated
Special Warranty Deed
$814,000 · Bankfinancial Fsb
—
—
Henson Properties INC
—
Deed Of Trust
related
$265,014 · Bank Of America
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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