Statesville Commercial Property For
1512 Davie Avenue, Statesville, NC 28677
SINGLE_FAMILY - Statesville, NC
Type:Office
Property size:
1,522 SFLot size:
0.86 AcresPrice / SF:
$203/SF- Added:
- May 27, 2025
- Days on Market:
- 355
- Last Refresh:
- May 16 at 2:06 am
Property Features for 1512 Davie Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- O-I
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Driveway
- Window features
- Insulated Windows
- Appliances
- Electric Water Heater, Freezer, Refrigerator, Washer/Dryer
- Standard status
- Active
- APN
- 4745604844.000
- Size
- 1,522 SF
- Lot size
- 0.86 Acres
Taxes and HOA fees
- Tax Description
- OAKDALE HEIGHTS M1 BLKA PB3-116
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Heat Pump (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
Listing agent Michael Evans License #313330 (704) 770-8785
Listing office Century 21 Lawrie Lawrence 702A Brawley School Road, Mooresville, NC (704) 458-4822
Listing date May 27, 2025
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.
HighLights
- High‑visibility location with strong traffic exposure and excellent accessibility.
- Well‑designed 1,522 sq.ft. floor plan suitable for medical, office, or service‑based businesses.
- Ample parking with easy ingress/egress and potential for future expansion on a spacious lot.
- Recent 2015 remodel included drywall, electric, roof, electric heat pump and some plumbing.
- Strategically positioned minutes from downtown Statesville and I‑77 and I‑40.
- Zoned (OI) offering flexibility for various commercial uses.
Overview
This established commercial property in Statesville, North Carolina, offers a 1,522 sq.ft. space currently operating as a veterinary clinic. The property is strategically positioned between Davie Avenue and Norwood Road, providing high visibility and excellent accessibility. This location is ideal for medical, office, or service-based businesses. The well-designed floor plan includes a reception area, operating room, animal holding/exam rooms, and an office. Storage areas and utility space support smooth operations. 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 with easy ingress/egress is available. The property is zoned O-I and is located minutes from downtown Statesville, I-77, and I-40. This property presents an opportunity to secure a well-located commercial asset in a growing market with built-in infrastructure.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$296.6K
NOI $26,693 @ 9.00% cap · cautious / downside scenario
Moderate
$381.3K
NOI $26,693 @ 7.00% cap · market / base-case scenario
Aggressive
$533.9K
NOI $26,693 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $26.04 |
| − Vacancy | −$4.0k | −$2.66 |
| EGI | $35.6k | $23.38 |
| − OpEx | −$8.9k | −$5.85 |
| NOI | $26.7k | $17.54 |
1,522 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$381.3K
$333.7K – $444.9K
NOI $26,693 @ 7.0% cap · market cap 8.61%
Second Best
Healthcare Medical
$302.8K
$265.0K – $353.3K
NOI $21,198 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$479.0K
$419.2K – $558.9K
NOI $33,533 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Iredell Companion Animal ...
Veterinary Clinic
Similar Places Nearby
- Iredell Companion Animal Hospital — 1512 Davie Ave, Statesville, NC 28677
Location Insight
- Map
- Local Demand
- City
- Statesville
- County
- Iredell
- State
- North Carolina
- Longitude
- -80.866888
- Latitude
- 35.798756
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Established 1,522 sq.ft. commercial property in Statesville, North Carolina.
Where is this medical office space located?
The property is located at 1512 Davie Avenue 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.; Well‑designed **1,522 sq.ft. floor plan** suitable for medical, office, or service‑based businesses.; Ample parking with easy ingress/egress and potential for future expansion on a spacious lot.
