Freestanding Brick Office
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For Sale
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1313 W Front Street, Statesville, NC 28677
The 768-square-foot property dates to 1947 and sits along a high-traffic area.
Property Size1,947 SF
Price / SF$1.43
Days on Market3
Property Features for 1313 W Front Street
General Information
Standard status
Active
Size
1,947 SF
Property subtype
Office
Amenities
Paved
Composition
Public Sewer
Additional parcels description:, Parcel Number: 4734-35-3111.000, Assessed Value: $52,050, Zoning: B5
Laminate
Central Air
Central, Natural Gas
Listing ID: CAR4437896, Standard Status: Active, MLS Status: Active, Property Subtype: Office
Parking Lot
Built in 1947, Living area: 768, 1 building, Construction Materials: Brick Full
County/Parish: Iredell
1 total bathroom
Electricity Connected, Natural Gas, Water Source: City
Crawl Space
All Utilities
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Covered, Front Porch
Two or More Access Exits
Building Details
Building Size
1,947 SF
Year Built
1947
Buildings
1
Construction
brick
Listing Agency:
Lakeshore Realty, Inc.
(704) 664-3400
Listed By:
Jon Grigorian · License #131675
(704) 201-8592
Source:
Blackstreaminternational
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lakeshore Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office building has brick construction and contains 768 square feet. Built in 1947, it is a compact commercial property with a simple standalone configuration.
The building is at 1313 W Front Street in Statesville, North Carolina, in a high-traffic area.
The building is at 1313 W Front Street in Statesville, North Carolina, in a high-traffic area.
Key Highlights
- 768‑square‑foot freestanding office building
- Brick construction
- Built in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,469
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,380
$269.4K
Cap Rate 7%
$192,414
$192.4K
Cap Rate 9%
$149,656
$149.7K
Market Conditions
NOI Build-Up for 768 SF
Gross rent
$20.0K $26.04/SF
− Vacancy
−$2.0K −$2.66/SF
EGI
$18.0K $23.38/SF
− OpEx
−$4.5K −$5.85/SF
NOI
$13.5K $17.54/SF
Area
Iredell County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,380
Cap Rate 7%
$192,414
Cap Rate 9%
$149,656
Alternative Uses
Best Use
Office B
$192.4K
$168.4K – $224.5K
NOI $13,469 @ 7.0% cap · market cap 1,224.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.7K
$211.5K – $282.0K
NOI $16,921 @ 7.0% cap · market cap 1,538.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
Business Placement
Demographics for 28677, NC
35,926
Population
16,096
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
85%
High-School Grad
83.0 sq mi
ZIP Area
433
Density / Sq Mi
$59,081
Median Household Income
$34,684
Median Earnings
$861
Median Rent
$207,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The 768-square-foot property dates to 1947 and sits along a high-traffic area.
Where is this office building located?
The property is located at 1313 W Front Street Statesville, NC.
What are key features of this property?
This property features: 768‑square‑foot freestanding office building; Brick construction; Built in 1947
