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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Medical Office Space
707 Bryant St, Statesville, NC 28677-4142
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0847760
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,005 SF
Lot
1 ac (43,560 SF)
Zoning code
O2
APN
4745-20-0741.000
UPID
US53-0847760
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
-
Angelia Smith Natili Physician
-
Dr. Alan E. Deddens, MD Physician
-
Piedmont HealthCare — Ear, Nose, & Throat Medical Clinic Physician
-
David C. Richardson, AUD Physician
-
Piedmont Hearing and Balance Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.14M
CAP Approach
CAP
$3.22M
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$3.00M
Owner & transaction history
Bryant Street Holdings LLC · 4 yrs held
Bryant Street Holdings LLC
since 2021
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
O2 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+24.1%
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
$2,900,000
ML approach
$3,140,000
CAP Approach
CAP Return
Estimation
6%
$3,485,000
6.5%
$3,215,000
7%
$2,985,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,930,000
Current use
RESTAURANT
$3,635,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±10% · vs last sale $3.00M (Sep 29 2021)
Last sale anchor
$3.00M
Sep 29 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
$200 / 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
$17,402
Tax year 2023
Assessed value
$1,710,090
Assessed 2023
Previous assessed
$1,692,750
+1.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$230,400
Assessed improvement
$1,479,690
Land market value
$230,400
Improvement market value
$1,479,690
Total market value
$1,710,090
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Rooms
12
Bathrooms
2
Total area
15,005 SF
Lot
1 ac (43,560 SF)
Zoning code
O2
APN
4745-20-0741.000
UPID
US53-0847760
Jurisdiction
IREDELL
Zoning & alternative use
O2 · Statesville, NC
Zoning O2 · permitted uses
O2 · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Statesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.9M
RESTAURANT
Est. value
$3.6M
MEDICAL BUILDING Current
RESTAURANT
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Rooms
12
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Bryant Street Holdings LLC
Entity
Mailing address
147 S CHERRY ST STE #200, WINSTON SALEM, NC 27101-5287
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
$3,000,000
Bryant Street Holdings LLC
Bryant Street Associates Rllp
Special Warranty Deed
$2,370,000 · Marine FCU
Apr 28, 2021
—
Bryant Street Associates Rllp
Bryant Street Associates
Intrafamily Transfer
related
—
Jan 9, 1988
$97,500
Bryant Street Associates
Unknown
Grant Deed
—
—
—
Bryant Street Associates
—
Deed Of Trust
related
$2,100,000 · First Citizens Bank & Trust Co
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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