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    1512 Davie Ave Statesville, NC 28677

    Sponsored
    For Sale
    $310,000

    SINGLE_FAMILY - Statesville, NC

    Type:Office
    Property size:
    1,522 SF
    Lot size:
    0.86 Acres
    Days on Market:
    20
    Last Refresh:
    Feb 16 at 1:06 am

    Property Features for 1512 Davie Ave

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Window features
    Insulated Windows
    Zoning
    O-I
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    4745604844.000
    Parking features
    Driveway
    Appliances
    Electric Water Heater, Freezer, Refrigerator, Washer/Dryer
    Size
    1,522 SF
    Lot size
    0.86 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1956
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block, Brick Full
    Roof type
    Composition

    We can help!

    Listing Contact
    Michael Evans
    Michael Evans

    Lawrie Lawrence Real Estate (704) 833-4567

    Listing agent Michael Evans (704) 770-8785

    Listing date Jan 28, 2026

    MLS# 4259023 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Statesville Commercial Property For Sale

    This established commercial property in Statesville, North Carolina, offers 1,522 square feet of space. Currently operating as a veterinary clinic, the property is strategically positioned between Davie Avenue and Norwood Road, offering strong traffic exposure and excellent accessibility. The well-designed floor plan includes a reception area, operating room, animal holding/exam rooms, and an office, along with storage areas and utility space. A remodel in 2015 included updates to the drywall, electric, roof, electric heat pump, and some plumbing. The building sits on a 0.86-acre lot with ample parking and potential for future expansion. On-site parking provides easy ingress and egress. Zoned O-I, the property is located minutes from downtown Statesville and I-77 and I-40. The location is ideal for medical, office, or service-based businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iredell Companion Animal ... Veterinary Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    Iredell Companion Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.866888
    Latitude
    35.798756

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    FAQs

    What type of property is this?
    Medical office - Established 1,522 sq.ft. commercial property in a high-visibility location.
    Where is this medical office located?
    The property is located at 1512 Davie Ave Statesville, NC.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: - High-visibility location with strong traffic exposure and excellent accessibility, ideal for medical, office, or service-based businesses.; - Well-designed 1,522 sq.ft. floor plan currently operating as a veterinary clinic, including reception, operating room, exam rooms, and office.; - Recent 2015 remodel including drywall, electric, roof, electric heat pump, and some plumbing.
    (704) 770-8785
    Request Owner's contact information
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    Statesville, NC 28677
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    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
    1512 Davie Ave Statesville, NC 28677
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    We can help!
    Listing Contact
    Michael Evans
    Michael Evans
    Real Estate License ID: 313330
    (704) 770-8785
    Learn more
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