Flex Building with Loading
For Sale
$895,500
1809 W Front Street, Statesville, NC 28677
Commercial Sale, Statesville, NC
Property Size11,000 SF
Lot Size0.58 Acres
Price / SF$81.41
Days on Market758
Property Features for 1809 W Front Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
B5
Zoning description
B5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2
Parking features
Parking Lot
Fencing
Fenced
Lot features
Corner Lot
Standard status
Active
APN
4734-16-0793.000
Lot size
0.58 Acres
Additional Details
Tenant in Place
Yes
Property Use
Commercial
Taxes and HOA fees
Tax Description
W FRONT ST
Legal Description
W FRONT ST
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Metal
Roof type
Metal
Buildings
1
Listing Agency:
Lakeshore Realty, Inc.
(704) 664-3400
Listed By:
Jon Grigorian · License #131675
(704) 201-8592
Added: Oct 8, 2024
Changed: Nov 3
Last Checked: Nov 4 at 1:06AM
MLS# 4190043
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.
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 1980 metal flex building contains more than 11,000 square feet, with three offices, four bathrooms, two roll-up doors and a loading dock. Concrete flooring, central heating and air conditioning, and a metal roof serve the building. The 0.58-acre property also includes paved parking and a fenced storage area.
Two spaces are currently leased, while a 3,300 SF space is available for lease. The property is zoned B5 and served by public sewer.
Two spaces are currently leased, while a 3,300 SF space is available for lease. The property is zoned B5 and served by public sewer.
Key Highlights
- More than 11,000 SF in a metal building
- Three offices and four bathrooms
- Two roll‑up doors and one loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,943
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,598,860
$1.6M
Cap Rate 7%
$1,142,043
$1.1M
Cap Rate 9%
$888,256
$888.3K
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$99.0K $9.00/SF
− Vacancy
−$5.0K −$0.45/SF
EGI
$94.1K $8.55/SF
− OpEx
−$14.1K −$1.28/SF
NOI
$79.9K $7.27/SF
Area
Iredell County, NC
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,598,860
Cap Rate 7%
$1,142,043
Cap Rate 9%
$888,256
Alternative Uses
Best Use
Flex RnD
$1.82M
$1.59M – $2.12M
NOI $127,430 @ 7.0% cap · market cap 14.23%
Second Best
Warehouse
$1.14M
$999.3K – $1.33M
NOI $79,943 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,352 @ 7.0% cap · market cap 27.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Dock-high doors
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- The Wing Pickup — 201 Wooten St, Statesville, NC 28677
Frequently Asked Questions
What type of property is this?
Flex space - B5-zoned property has two leased spaces and a 3,300 SF suite available for lease.
Where is this flex space located?
The property is located at 1809 W Front Street Statesville, NC.
What is the asking price?
The asking price for this property is $895,500.
What are key features of this property?
This property features: More than 11,000 SF in a metal building; Three offices and four bathrooms; Two roll‑up doors and one loading dock
