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Property profile & analytics
OFF-MARKET Estimated value $2,340,000
Garden apartment buildings

495 Signal Hl Dr Statesville, NC 28625-4832

33,951 SF 2.49 ac lot Built 1991
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US53-1609898
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1991
Construction WOOD
Total area 33,951 SF
Lot 2.49 ac (108,464 SF)
Zoning code R-5MF
APN 4745-90-8599.000
UPID US53-1609898
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
  • King's Grant Court Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$2.34M
Owner & transaction history
Grant Court LP Kings
Grant Court LP Kings
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-5MF · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Multi-Family Residential District, the R-5MF High Density Multi-Family Residential District, subject to the following requirements: a. Minimum side and rear yard setbacks shall conform to the underlying district. However, where adjoining land is developed with single-family dwellings or zoned for single family dwellings only, the side setback shall be fiftee…

Zone name High Density Multifamily Residential District
General category RESIDENTIAL
Zone area 933.48 ac
Source code of ordinances
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