For Sale
1 / 45
$599,000
935 Shelton Ave, Statesville, NC 28677
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Property profile
Verified
Property type
Commercial (General)
Year built
1963
Total area
5,570 SF
Lot
0.35 ac (15,246 SF)
Zoning code
H-115
APN
4744-11-2120.000
UPID
US53-5720918
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
Location
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
Zoning & alternative use
H-115 · Statesville, NC
Zoning description
Square footage expansions to existing occupied businesses in the H-115 District may be permitted provided the expansion does not make the site any more non-conforming to the development standards. Parking may be expanded…
General category
MIXED_USE
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 9 comparables with addresses
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
5,570 SF
Lot area
0.35 ac
Year built
1963
APN
4744-11-2120.000
Zoning
H-115
Assessed value
$189,400
Annual tax
$1,927
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$1,927
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$428k
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.9 mi away · 4,500 SF
12.1 mi away · 4,080 SF
19.2 mi away · 7,114 SF
20.2 mi away · 4,200 SF
20.4 mi away · 5,400 SF
5
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.15%
Selected cap rate for this commercial (general)
Derived from the Statesville market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.15%
9.0%
NOI (est.)
$37k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$599k
Move the market yield to see immediate price impact.
Value / SF
$108
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.65%6.15%6.65%
$33k
$587k
$539k
$499k
$37k
$652k
$599k
$554k
$41k
$717k
$659k
$609k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$400k
6.8 mi · Sep 2025 · $68/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,927
Tax year 2023
Assessed value
$189,400
Effective rate
1.02%
On assessed value
Assessed land
$52,500
Assessed improvement
$136,900
Land market value
$52,500
Improvement market value
$136,900
Total market value
$189,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial (General)
Status
For Sale
Year built
1963
Total area
5,570 SF
Lot
0.35 ac (15,246 SF)
Zoning code
H-115
APN
4744-11-2120.000
UPID
US53-5720918
Zoning & alternative use
H-115 · Statesville, NCZoning H-115 · permitted uses
H-115 · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Square footage expansions to existing occupied businesses in the H-115 District may be permitted provided the expansion does not make the site any more non-conforming to the development standards. Parking may be expanded…
General category
MIXED_USE
Building & site characteristics
From public records
Year built
1963
Lot
0.35 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
H-115
MIXED_USE
Jurisdiction
Statesville, NC
Recorded code
H-115
Official district
H-115
Official district profile
What the municipal code says about H-115
Zoning description
Square footage expansions to existing occupied businesses in the H-115 District may be permitted provided the expansion does not make the site any more non-conforming to the development standards. Parking may be expanded…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for H-115 in Statesville, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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