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Property profile & analytics
OFF-MARKET
Garden apartment buildings
Rickert St Statesville, NC 28677
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-3546539
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Lot
10.25 ac (446,490 SF)
Zoning code
R-8M
APN
4743-28-0756.000
UPID
US53-3546539
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shlok LLC · 8 yrs held
Shlok LLC
since 2017
2 recorded transactions
Zoning & alternative use
R-8M · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
shall be provided by public utilities (i.e. water and sewer). 6. Dwelling-unit Duplex developments shall observe a minimum lot size of twelve thousand (12,000) square feet and a minimum lot width of eighty (80) feet. H. R-8M - Medium Density Single-Family/Manufactured Housing Residential District Purpose: The purpose of this district is to accommodate low de…
Zone name
Medium Density Single Family Manufactured Housing Residential District
General category
RESIDENTIAL
Zone area
414.42 ac
Source
code of ordinances
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
$250
Tax year 2023
Assessed value
$24,600
Assessed 2023
Previous assessed
$24,600
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$24,600
Land market value
$24,600
Total market value
$24,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Heating
NONE
Lot
10.25 ac (446,490 SF)
Zoning code
R-8M
APN
4743-28-0756.000
UPID
US53-3546539
Jurisdiction
IREDELL
Zoning & alternative use
R-8M · Statesville, NCZoning R-8M · permitted uses
R-8M · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
shall be provided by public utilities (i.e. water and sewer). 6. Dwelling-unit Duplex developments shall observe a minimum lot size of twelve thousand (12,000) square feet and a minimum lot width of eighty (80) feet. H. R-8M - Medium Density Single-Family/Manufactured Housing Residential District Purpose: The purpose of this district is to accommodate low density manufactured single family residential development in areas where full urban s
Zone name
Medium Density Single Family Manufactured Housing Residential District
General category
RESIDENTIAL
Zone area
414.42 ac
Source
code of ordinances
Building & site characteristics
From public records
Heating
NONE
Lot
10.25 ac
Current owner
From public records · entity-resolved
Shlok LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3401 DANIEL PL DR, CHARLOTTE, NC 28213-4803
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2017
—
Shlok LLC
401k Cra S Trust
Warranty Deed
related
—
Jun 6, 2017
$15,000
Cra,solo 401k Trust
Allen,francis W JR
Warranty Deed
—
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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