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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Warehouses
803 Rickert St 805, Statesville, NC 28677-6792
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1211245
Property summary
AI-generated overview
This exceptional 6,873-square-foot flex warehouse, located at 803 Rickert St in Statesville, NC 28677, presents a remarkable investment opportunity. Built in 1996 and extensively renovated in 2023, this property boasts a single building situated on a fully paved lot with ample parking. The building features one loading dock and three drive-in doors, including a new 14x14 drive-in door, ensuring efficient loading and unloading. The interior has been completely modernized, showcasing a fresh coat of paint, new LED lighting throughout, and a new full epoxy floor. Further enhancing its functionality are the recently installed vehicle lifts. The property is connected to city water and sewer services. Zoned B5, this versatile space is ideal for a variety of industrial and commercial uses. Its prime location offers easy access to Interstates 77 and 40, providing excellent connectivity and logistical advantages. The asking price is $1,099,000, translating to $159.90 per square foot. The APN is 477216638.000. This is a turnkey operation ready for immediate occupancy.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
STONE
Total area
7,960 SF
Lot
0.68 ac (29,621 SF)
Zoning code
B-5
APN
4744-21-6638.000
UPID
US53-1211245
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
-
Alpha Workholding Solutions, LLC Material Handling Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$428k
Blend (final)
Blend
$650k
Owner & transaction history
The Patina Group LLC
The Patina Group LLC
since 2025
Last sale
$875,000
2 recorded transactions
Zoning & alternative use
B-5 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$795,000
+68.4%
Auto repair, garage
$585,000
+24.3%
Industrial (general)
$550,000
+16.7%
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
$595,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$470,000
Current use
OFFICE BUILDING
$795,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$585,000
Change: +24% · Conversion: Easy
INDUSTRIAL (GENERAL)
$550,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $875k (Dec 30 2025)
Last sale anchor
$875k
Dec 30 2025
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
$82 / 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
$2,487
Tax year 2023
Assessed value
$244,370
Assessed 2023
Previous assessed
$229,710
+6.4% YoY
Effective rate
1.02%
On assessed value
Assessed land
$63,750
Assessed improvement
$180,620
Land market value
$63,750
Improvement market value
$180,620
Total market value
$244,370
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STONE
Heating
YES
Cooling
YES
Stories
1
Units
3
Rooms
3
Bathrooms
2
Total area
7,960 SF
Lot
0.68 ac (29,621 SF)
Zoning code
B-5
APN
4744-21-6638.000
UPID
US53-1211245
Jurisdiction
IREDELL
Zoning & alternative use
B-5 · Statesville, NC
Zoning B-5 · permitted uses
B-5 · 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
WAREHOUSE, STORAGE Current
Est. value
$470,000
OFFICE BUILDING
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$585,000
INDUSTRIAL (GENERAL)
Est. value
$550,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
Units
3
Rooms
3
Bathrooms
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
The Patina Group LLC
Entity
Mailing address
2211 OAK STRM LN, APEX, NC 27523-4897
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 30, 2025
$875,000
The Patina Group LLC
Double U Holdings LLC
Special Warranty Deed
$775,000 · Double U Holdings LLC
Jun 6, 2023
$585,000
Double U Holdings LLC
Shan Su Chao
Warranty Deed
—
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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