Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Statesville Office/Retail Space Title is generated by Realmo AI

    111 S Center Street, Statesville, NC 28677

    View on Map
    Claim this Listing
    New
    For Lease
    $800 /Mo

    COMMERCIAL - Statesville, NC

    Lot size:
    0.38 Acres
    Added:
    May 15, 2026
    Days on Market:
    7
    Last Refresh:
    May 21 at 2:06 pm

    Property Features for 111 S Center Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CB
    Rooms
    Basement
    Standard status
    Active
    APN
    4744-05-1668.000
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Description
    S CENTER ST

    Building Details

    Year built
    1900
    Number of units
    8

    We can help!

    Listing Contact
    Lucas Jones
    Lucas Jones

    Listing agent Lucas Jones License #280724

    Listing office Carolina Landmark Realty 116 South Center Street, Statesville, NC

    Listing date May 15, 2026

    MLS# 4382422

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office space is available for lease in downtown Statesville, North Carolina. The property features a closed back room and an open front workspace suitable for office or retail use. The building includes two bathrooms for tenant and customer use, as well as common areas in the hallway. The lot size is 0.381 acres. Monthly CAM fees apply.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Miss Make Art ... Art Studio Beauty By Rochelle ... Hair Salon Ebude’s Touch Hair Salon Fresh Kicks LLC. Clothing & Fashion Store The Waxpert Girl Spa & Massage Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.887792
    Latitude
    35.784289

    Nearby Similar for Lease

    • $850/Mo

      Downtown Statesville Commercial Space

      Commercial space for lease in downtown Statesville, North Carolina.
      111 S Center Street, Statesville, NC 28677
      View Details
    • $2,400/Mo

      Unique Commercial Space in Statesville

      Commercial space featuring a mezzanine and unfinished attic for storage.
      1113 Paola Street, Statesville, NC 28677
      View Details
    • $2,216/Mo

      Statesville Commercial Building For Rent

      Professional office or retail building in Statesville's Central Business District.
      120 S Tradd Street, Statesville, NC 28677
      View Details
    • $15 SF/Yr
      3,410 SF

      Retail Space Near Amenities

      Retail space available near hotels, restaurants, and car dealerships.
      1525-1531 Cinema Dr, Statesville, NC
      View Details
    • Contact for pricing

      Statesville Drive-Thru Restaurant Opportunity

      Freestanding drive-thru restaurant space in Statesville's retail corridor.
      Statesville, NC 28625
      View Details
    • Contact for pricing
      301,954 SF

      Statesville Industrial Space for Lease

      301,954 SF industrial space with office on 30.25 acres.
      111 Badger Ln, Statesville, NC 28625
      View Details
    • Contact for pricing
      4,000 SF

      Office Space Under Construction

      Office space available for rent; floor plan customizable.
      1411 Fern Crk Dr, Statesville, NC
      View Details
    • Contact for pricing
      19,858 SF

      Industrial Space Near Highway 64

      Industrial facility with highway access in the Charlotte MSA.
      2460-2472 Davie Ave, Statesville, NC
      View Details
    • Contact for pricing
      5,032 SF

      Renovated Flex Space with Office

      Recently renovated flex space with office and warehouse components.
      1523 Salisbury, Statesville, NC
      View Details
    • Contact for pricing
      11,860 SF

      Industrial Space For Lease

      Industrial space available for lease.
      1709a Gregory Rd, Statesville, NC 28677
      View Details
    • $30 SF/Yr
      1,202 SF

      Retail Space in Forth Crossings

      Newer retail center with high visibility and easy access.
      187 Turnersburg Hwy, Statesville, NC
      View Details
    • Contact for pricing

      Statesville Warehouse Leasing Opportunity

      Warehouse leasing available in Statesville, North Carolina, near I-40 and I-77.
      1713 Gregory Rd, Statesville, NC 28677
      View Details

    FAQs

    What type of property is this?
    Office units - Office or retail space for lease in downtown Statesville.
    Where is this office units located?
    The property is located at 111 S Center Street Statesville, NC.
    What is the lease rate?
    The lease rate is $800 /Mo.
    (704) 872-0112
    We can help!
    Listing Contact
    Lucas Jones
    Lucas Jones
    Real Estate License ID: 280724
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    111 S Center Street, Statesville, NC 28677
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!