Multi-Building Mixed-Use
For Sale
$1,695,000
16008 Old Statesville Road, Huntersville, NC 28078
Three buildings provide office space, a shop and warehouse, plus a separately accessed flex or showroom area.
Property Size1,947 SF
Lot Size2.02 Acres
Price / SF$311.70
Days on Market35
Property Features for 16008 Old Statesville Road
General Information
Standard status
Active
Size
1,947 SF
Lot size
2.02 Acres
Property subtype
Business
Zoning
Highway Commercial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Amenities
Level
Back Yard, Fenced, Full, Privacy, Wood
Septic Installed
Additional parcels description:, Parcel Number: 011-012-15, Assessed Value: $725,800, Zoning: HC
Vinyl, Wood
Ceiling Fan(s), Central Air, Ductless
Baseboard, Central, Electric, Forced Air, Natural Gas
Listing ID: CAR4391829, Standard Status: Active, MLS Status: Active, Property Subtype: Business, Special Conditions: None
Detached Carport, Driveway, Garage Shop, Parking Lot, Parking Space(s)
Built in 1947, Living area: 5438, 5 buildings, Construction Materials: Block, Brick Full, Concrete, Metal, Shingle/Shake
County/Parish: Mecklenburg
Other structures: Other - See Remarks
Cable Available, Natural Gas, Water Source: Well
Crawl Space, Slab
Road Responsibility: Publicly Maintained Road, Road Surface: Gravel, Paved
Patio/Porch Features: Awning(s), Porch
Electric Water Heater, Gas Water Heater, Refrigerator
Building Details
Building Size
1,947 SF
Year Built
1947
Buildings
5
Listing Agency:
Forward Realty Inc.
(704) 439-6253
Listed By:
Peter Contastathes · License #251061
(864) 920-0303
Source:
Blackstreaminternational
Added: Sep 16
Changed: Oct 19
Last Checked: Oct 19 at 2:39PM
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 Forward Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2.02-acre property in Huntersville contains three primary buildings: a one-story office building, a two-story building currently used for offices, and a shop/garage/warehouse. The shop also includes flex or showroom space with a separate entrance. Two block storage buildings add additional on-site storage, and the grounds offer parking and storage areas. The property was built in 1947.
Highway Commercial zoning and 330 feet of road frontage are among the site’s defining characteristics. The parcel is fenced and accessed through an estate gate. The combination of office, warehouse, flex/showroom, and storage space is arranged across a single property.
Highway Commercial zoning and 330 feet of road frontage are among the site’s defining characteristics. The parcel is fenced and accessed through an estate gate. The combination of office, warehouse, flex/showroom, and storage space is arranged across a single property.
Key Highlights
- Three primary buildings on 2.02 acres
- 330 feet of road frontage
- Highway Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,997
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,259,940
$1.3M
Cap Rate 7%
$899,957
$900.0K
Cap Rate 9%
$699,967
$700.0K
Market Conditions
NOI Build-Up for 5,438 SF
Gross rent
$103.1K $18.96/SF
− Vacancy
−$6.2K −$1.14/SF
EGI
$96.9K $17.82/SF
− OpEx
−$33.9K −$6.24/SF
NOI
$63.0K $11.58/SF
Area
Mecklenburg County, NC
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,259,940
Cap Rate 7%
$899,957
Cap Rate 9%
$699,967
Alternative Uses
Best Use
Flex RnD
$900.0K
$787.5K – $1.05M
NOI $62,997 @ 7.0% cap · market cap 3.72%
Second Best
Mixed Use
$897.3K
$785.1K – $1.05M
NOI $62,809 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,002 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 28078, NC
67,863
Population
27,659
Households
2.5
Avg Household Size
37
Median Age
56%
College-Educated
97%
High-School Grad
63.7 sq mi
ZIP Area
1,065
Density / Sq Mi
$120,503
Median Household Income
$67,055
Median Earnings
$1,722
Median Rent
$441,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings provide office space, a shop and warehouse, plus a separately accessed flex or showroom area.
Where is this mixed-use property located?
The property is located at 16008 Old Statesville Road Huntersville, NC.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Three primary buildings on 2.02 acres; 330 feet of road frontage; Highway Commercial zoning
