Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Banks
Eastside Dr Statesville, NC 28625
Individually Owned
11-yr Hold
Free & Clear
Property ID
US53-3091435
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2016
Construction
STEEL FRAME
Total area
10,727 SF
Lot
8.18 ac (356,321 SF)
Zoning code
O2
APN
4744-93-2908.000
UPID
US53-3091435
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
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$642k
Blend (final)
Blend
$530k
Owner & transaction history
State Emps FCU · 11 yrs held
State Emps FCU
since 2014
4 recorded transactions
Zoning & alternative use
O2 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$845,000
+27.3%
Retail stores
$820,000
+23.4%
Apartment house (5+ units)
$795,000
+19.7%
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
by Request
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$665,000
Current use
RESTAURANT
$845,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$820,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$795,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$595,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$49 / 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
$27,000
Tax year 2023
Assessed value
$2,653,260
Assessed 2023
Previous assessed
$2,341,730
+13.3% YoY
Effective rate
1.02%
On assessed value
Assessed land
$824,540
Assessed improvement
$1,828,720
Land market value
$824,540
Improvement market value
$1,828,720
Total market value
$2,653,260
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
10,727 SF
Lot
8.18 ac (356,321 SF)
Zoning code
O2
APN
4744-93-2908.000
UPID
US53-3091435
Jurisdiction
IREDELL
Zoning & alternative use
O2 · Statesville, NC
Zoning O2 · permitted uses
O2 · 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
FINANCIAL BUILDING Current
Est. value
$665,000
RESTAURANT
Est. value
$845,000
RETAIL STORES
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$745,000
MEDICAL BUILDING
Est. value
$595,000
FINANCIAL BUILDING Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2016
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
8.18 ac
Current owner
From public records · entity-resolved
State Emps FCU
Individual
Free & Clear · 11 yrs held
Mailing address
PO BOX 26807, RALEIGH, NC 27611-6807
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2014
$635,500
State Emps FCU
Tarheel Auction & Realty INC
Warranty Deed
related
—
Dec 17, 2010
$590,000
Tarheel Auction & Realty INC
Christian Outreach Of Piedmont In
Deed In Lieu Of Foreclosure
—
Jul 17, 2007
$600,000
Christian Outreach Of Piedmont In
Tarheel Auction & Realty INC
Warranty Deed
$590,000 · Tarheel Auction & Realty INC
Sep 28, 2004
$506,000
Heritage Dev Partners LLC
Tarheel Auction & Realty INC
Warranty Deed
$455,220 · Tarheel Auction & Realty INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Eastside Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
