You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $930,000
Garden apartment buildings

501 Vly St 512 Statesville, NC 28677-7936

8,706 SF 9.51 ac lot Built 1976
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US53-3678539
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1976
Construction WOOD
Total area 8,706 SF
Lot 9.51 ac (414,168 SF)
Zoning code R-5MF
APN 4745-60-6474.000
UPID US53-3678539
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$725k
CAP Approach CAP
$1.22M
Comparable Approach Comparable
$849k
Blend (final) Blend
$930k
Owner & transaction history
Bella Vista Apartments LLC · 7 yrs held
Bella Vista Apartments LLC
since 2018
5 recorded transactions
2023
Price N/A
2018
$6.0M
2017
$4.5M
2015
Price N/A
2014
$2.6M
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 501 Vly St, Unit 512?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message