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    Statesville Medical/Office Ready Property Title is generated by Realmo AI

    744 Hartness Road, Statesville, NC 28677

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    Claim this Listing
    For Sale
    $650,000

    Versatile property in a desirable location, ideal for medical/office use.

    Type:Commercial
    Property size:
    3,838 SF
    Price / SF:
    $169/SF
    Added:
    Apr 8, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 8 at 8:11 pm

    Property Features for 744 Hartness Road

    General Information

    Standard status
    Active
    Size
    3,838 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    GRACE CUNNINGHAM
    GRACE CUNNINGHAM

    Listing agent GRACE CUNNINGHAM License #278539

    Listing office RE/MAX PROPERTIES PLUS, INC.

    Listing date Apr 8, 2026

    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 RE/MAX PROPERTIES PLUS, INC.

    HighLights

    • Prime location in a highly desirable business medical corridor, directly across from Iredell Memorial Hospital.
    • Versatile General Business zoning suitable for healthcare, professional office, or service‑oriented operations.
    • Move‑in‑ready condition with new vinyl plank flooring and fresh paint throughout.
    • Functional floor plan featuring 5–6 exam rooms, reception area, front office, file storage, and two restrooms.
    • Excellent accessibility, just minutes from the I‑77/I‑40 interchange.
    • Ample on‑site parking with 12 spaces.

    Overview

    This property is positioned in a desirable business medical corridor and offers potential for various business uses. Zoned General Business and previously operated as a medical facility, the layout is suited for healthcare, professional office, or service-oriented operations. The interior features new vinyl plank flooring and fresh paint throughout. The functional floor plan includes 5–6 exam rooms, a reception area, front office space, dedicated file storage, and two restrooms in the main area. An upper-level break room provides additional flexibility and could be converted into private office space. Toward the rear of the building, a spacious lab area with a half bath offers possibilities for customization. The roof was replaced in 2024. Located directly across from Iredell Memorial Hospital and minutes from the I-77/I-40 interchange, the property benefits from visibility and accessibility. On-site parking is available with 12 spaces. The property size is 3838 square feet.
    Location Intelligence

    Current Use by Public Records

    Faith Prosthetic Orthotic ... Orthotics & Prosthetics Service Hanger Clinic: Prosthetics ... Orthotics & Prosthetics Service Iredell Prosthetic-Orthotic: Constantine ... Orthotics & Prosthetics Service Joseph Durrence Physician James Price Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    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
    -80.8800466
    Latitude
    35.7984627

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    FAQs

    What type of property is this?
    Medical Office Space - Versatile property in a desirable location, ideal for medical/office use.
    Where is this medical office space located?
    The property is located at 744 Hartness Road Statesville, NC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime location in a highly desirable business medical corridor, directly across from Iredell Memorial Hospital.; Versatile General Business zoning suitable for healthcare, professional office, or service‑oriented operations.; Move‑in‑ready condition with **new vinyl plank flooring and fresh paint throughout.**
    (704) 871-9882
    We can help!
    Listing Contact
    GRACE CUNNINGHAM
    GRACE CUNNINGHAM
    Real Estate License ID: 278539
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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