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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Warehouses
744 Buffalo Shls Rd Statesville, NC 28677-8672
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2320938
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
STONE
Total area
33,200 SF
Lot
14.3 ac (622,908 SF)
Zoning code
HI
APN
4734-20-9863.000
UPID
US53-2320938
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
$5.32M
CAP Approach
CAP
$4.36M
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$3.98M
Owner & transaction history
Fultonbsh Svnc I LLC · 5 yrs held
Fultonbsh Svnc I LLC
since 2020
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
HI · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.5M
+228.8%
Retail stores
$5.0M
+153.8%
Office building
$3.3M
+68.4%
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
$4,790,000
ML approach
$5,320,000
CAP Approach
CAP Return
Estimation
6%
$4,720,000
6.5%
$4,355,000
7%
$4,045,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,480,000
Change: +229% · Conversion: Difficult
RETAIL STORES
$5,000,000
Change: +154% · Conversion: Moderate
OFFICE BUILDING
$3,320,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,450,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±10% · vs last sale $3.79M (Oct 21 2020)
Last sale anchor
$3.79M
Oct 21 2020
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
$120 / 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
$13,643
Tax year 2023
Assessed value
$2,312,330
Assessed 2023
Previous assessed
$1,353,500
+70.8% YoY
Effective rate
0.59%
On assessed value
Assessed land
$214,500
Assessed improvement
$2,097,830
Land market value
$214,500
Improvement market value
$2,097,830
Total market value
$2,312,330
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STONE
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Units
159
Rooms
1
Bathrooms
2
Total area
33,200 SF
Lot
14.3 ac (622,908 SF)
Zoning code
HI
APN
4734-20-9863.000
UPID
US53-2320938
Jurisdiction
IREDELL
Zoning & alternative use
HI · Statesville, NC
Zoning HI · permitted uses
HI · 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
Est. value
$6.5M
RETAIL STORES
Est. value
$5.0M
OFFICE BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
RETAIL STORES
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
1996
Construction
STONE
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Units
159
Rooms
1
Bathrooms
2
Lot
14.3 ac
Current owner
From public records · entity-resolved
Fultonbsh Svnc I LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1 PRESIDENTIAL BLVD STE #201, BALA CYNWYD, PA 19004-1007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2020
$3,785,500
Fultonbsh Svnc I LLC
Buffalo Storage INC
Grant Deed
—
Apr 4, 2007
—
Buffalo Storage INC
—
Trustees Deed
related
$130,000 · Citizens South Bank
—
—
Buffalo Storage INC
—
Deed Of Trust
related
$150,000 · Citizens South Bank
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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