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Property profile & analytics
OFF-MARKET
Estimated value
$3,175,000
Drug stores
951 Davie Ave Statesville, NC 28677-5301
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5521266
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,780 SF
Lot
1.41 ac (61,550 SF)
Zoning code
B-2
APN
4744-49-1544.000
UPID
US53-5521266
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Cardtronics ATM Atm
-
Gregory J. Mckettrick, RPH Pharmacy
-
Walgreens Pharmacy
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.16M
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.18M
Owner & transaction history
Ns Retail Holdings LLC · 3 yrs held
Ns Retail Holdings LLC
since 2022
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
B-2 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+60.8%
Medical building
$3.1M
+29.6%
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
$3,280,000
ML approach
$3,160,000
CAP Approach
CAP Return
Estimation
6%
$3,230,000
6.5%
$2,980,000
7%
$2,770,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,375,000
Current use
RESTAURANT
$3,820,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$3,080,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$3.18M
Range $2.86M – $3.49M · ±10% · vs last sale $4.13M (Oct 5 2022)
Last sale anchor
$4.13M
Oct 5 2022
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
$201 / 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
$23,975
Tax year 2023
Assessed value
$2,356,040
Assessed 2023
Previous assessed
$2,024,010
+16.4% YoY
Effective rate
1.02%
On assessed value
Assessed land
$723,460
Assessed improvement
$1,632,580
Land market value
$723,460
Improvement market value
$1,632,580
Total market value
$2,356,040
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
15,780 SF
Lot
1.41 ac (61,550 SF)
Zoning code
B-2
APN
4744-49-1544.000
UPID
US53-5521266
Jurisdiction
IREDELL
Zoning & alternative use
B-2 · Statesville, NC
Zoning B-2 · permitted uses
B-2 · 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
RETAIL STORES Current
Est. value
$2.4M
RESTAURANT
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Ns Retail Holdings LLC
Entity
Mailing address
2021 MCKINNEY AVE STE #1150, DALLAS, TX 75201-7632
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
$4,125,000
Ns Retail Holdings LLC
Mtl Of Statesville LLC
Special Warranty Deed
—
Nov 5, 2018
—
Mtl Of Statesville LLC
—
Deed
related
$4,950,844 · Wells Fargo Bk
Aug 29, 2016
—
Mtl Of Statesville LLC
—
Deed
related
$2,800,000 · Wells Fargo Bk
Jan 5, 2009
—
Stockton Street LLC
Next Realty Investments LLC
Grant Deed
related
—
Sep 26, 2008
$3,912,000
Mtl Of Statesville LLC
Next Realty Investments LLC
Grant Deed
—
Dec 7, 2007
$1,106,000
Next Realty Investments LLC
Sbbh Investments LLC
Grant Deed
—
Jan 5, 2007
—
Sbbh Investments LLC
Stockton Street LLC
Grant Deed
related
—
Jun 30, 2004
$1,050,000
Stockton Street LLC
Davie Realty Corp
Warranty Deed
$3,003,150 · Wachovia Bank NA
—
—
Mtl Of Statesville LLC
—
Loan Modification
related
$4,950,844 · Wells Fargo Bk
—
—
Mtl Of Statesville LLC
—
Deed Of Trust
related
$2,800,000 · Wells Fargo Bk
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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