1809 W Front Street, Statesville, NC 28677
11,000+ SF commercial building with leasing and financing options.
- Added:
- Mar 11, 2024
- Days on Market:
- 848
- Last Refresh:
- May 10 at 11:18 pm
Property Features for 1809 W Front Street
General Information
- Standard status
- Active
- Size
- 11,010 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing office LAKESHORE REALTY, INC. (704) 664-3400
Listing date Mar 11, 2024
Source Corcoran
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.
HighLights
- Over 11,000 SF metal building
- Owner financing available
- Two spaces currently leased, generating income
- 3300 SF space available for lease
- Includes 3 offices, 4 bathrooms, 2 roll up doors, and one loading dock
- Paved parking and fenced storage area
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.1k | $9.00 |
| − Vacancy | −$5.0k | −$0.45 |
| EGI | $94.1k | $8.55 |
| − OpEx | −$14.1k | −$1.28 |
| NOI | $80.0k | $7.27 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Downtown Mini Storage — 1128 Secor St, Statesville, NC 28677
- Fcx Distribution Center — W Front St, Statesville, NC 28677, United States
Location Insight
- Map
- Local Demand
- City
- Statesville
- County
- Iredell
- State
- North Carolina
- Longitude
- -80.9184
- Latitude
- 35.7866
