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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Specialty properties
Chipley Frd Rd, Statesville, NC 28625
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4865979
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2021
Construction
WOOD
Total area
9,600 SF
Lot
10.98 ac (478,289 SF)
Zoning code
R20,R-20
APN
4735-48-0710.000
UPID
US53-4865979
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$925k
Owner & transaction history
GOODMANZ FARMS LLC · 2 yrs held
GOODMANZ FARMS LLC
since 2024
1 recorded transaction
Zoning & alternative use
R20,R-20 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+66.7%
Commercial (general)
$980,000
+60.0%
Restaurant
$755,000
+23.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$610,000
Current use
OFFICE BUILDING
$1,020,000
Change: +67% · Conversion: Difficult
COMMERCIAL (GENERAL)
$980,000
Change: +60% · Conversion: Difficult
RESTAURANT
$755,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$710,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$665,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10%
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
$96 / 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
$5,983
Tax year 2023
Assessed value
$1,014,010
Assessed 2023
Previous assessed
$253,490
+300.0% YoY
Effective rate
0.59%
On assessed value
Land market value
$56,930
Improvement market value
$971,950
Total market value
$1,028,880
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Total area
9,600 SF
Lot
10.98 ac (478,289 SF)
Zoning code
R20,R-20
APN
4735-48-0710.000
UPID
US53-4865979
Jurisdiction
IREDELL
Zoning & alternative use
R20,R-20 · Statesville, NC
Zoning R20,R-20 · permitted uses
R20,R-20 · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$610,000
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$980,000
RESTAURANT
Est. value
$755,000
RETAIL STORES
Est. value
$730,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$665,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2021
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
10.98 ac
Current owner
From public records · entity-resolved
GOODMANZ FARMS LLC
Entity
Free & Clear · 2 yrs held
Mailing address
156 UPPR OAK DR, STATESVILLE, NC 28625-8856
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
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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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