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Property profile & analytics
OFF-MARKET
Office Spaces
925 Thomas St Statesville, NC 28677-3484
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-2268588
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,501 SF
Lot
0.81 ac (35,153 SF)
Zoning code
O-1
APN
4745-23-6601.005
UPID
US53-2268588
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
-
Peebles Carol M Counselor
-
Smith Diane Employment Agency
-
Michael Miller Pediatrician Physician
-
Iredell Cardiology: John J Allan, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Benbow Properties LLC · 1 yrs held
Benbow Properties LLC
since 2024
7 recorded transactions
Zoning & alternative use
O-1 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,562
Tax year 2023
Assessed value
$153,510
Assessed 2023
Previous assessed
$140,830
+9.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$34,860
Assessed improvement
$118,650
Land market value
$34,860
Improvement market value
$118,650
Total market value
$153,510
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Rooms
5
Total area
1,501 SF
Lot
0.81 ac (35,153 SF)
Zoning code
O-1
APN
4745-23-6601.005
UPID
US53-2268588
Jurisdiction
IREDELL
Zoning & alternative use
O-1 · Statesville, NC
Zoning O-1 · permitted uses
O-1 · 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.
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
5
Lot
0.81 ac
Current owner
From public records · entity-resolved
Benbow Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
630 SIGNAL HL DR EXT, STATESVILLE, NC 28625-4353
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
—
Benbow Properties LLC
Theodore M Benbow
Warranty Deed
—
Dec 12, 2023
$184,000
Keshav Marasini
James Alan Smith
Warranty Deed
—
Jun 20, 2023
$160,000
Theodore M Benbow
Benjamin Dunlap
Warranty Deed
—
Dec 19, 2019
—
Dotmill 925a LLC
Michael R Miller
Quitclaim Deed
—
Oct 25, 2019
$160,000
Theodore M Benbow
Heather H Day
Warranty Deed
$30,000 · Heather H Day
Mar 17, 2015
$70,000
Heather H Day
Hill O Jerry & Constance B
Warranty Deed
$275,000 · Blueharbor Bk
Mar 15, 2013
—
Heather H Day
Day,bill E III
Quit Claim Deed
related
$222,500 · Yadkin Valley 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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