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    1107 Paola St Statesville, NC 28677

    Sponsored
    For Lease
    $3 SF/Yr ($9,555 /Mo)

    Versatile industrial space, multiple suites available. Ideal for various businesses.

    Lot size:
    38,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Statesville, NC property at 1107-1113 Paola St offers 38,220 square feet of flexible commercial space, perfect for a variety of businesses. The building, constructed in 1952 and extensively renovated in 2024, features a single story with a generous 18-foot ceiling height. The property is zoned LI and boasts four drive-in doors for convenient loading and unloading. Currently, there are five suites available, with a total of 16,760 square feet of vacant space. Spaces range from a minimum of 1,300 square feet to a maximum contiguous space of 9,116 square feet, offering flexibility for businesses of various sizes. The property's location in the North submarket of Statesville provides excellent access to transportation routes and amenities. The property is situated on a single story and does not include elevators. The APN is 4734-44-6837 . 000. This is a multi-tenant property. This prime location presents a unique opportunity for businesses seeking versatile and well-maintained industrial space in a thriving area.

    Property Features for 1107 Paola St

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,220 SF
    Total Rate
    9555

    Building Details

    Year Built/Renovated
    1952/2024
    Stories
    1

    Unit(s) available at that property

    Space
    1113-A
    Size
    4,756 SF
    Rate per SF
    $5
    Space
    1113-B
    Size
    2,889 SF
    Rate per SF
    $4
    Space
    1107
    Size
    9,116 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.905972997551
    Latitude
    35.781928341786

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    FAQs

    What type of property is this?
    Manufacturing property - Versatile industrial space, multiple suites available. Ideal for various businesses.
    Where is this manufacturing property located?
    The property is located at 1107 Paola St Statesville, NC.
    What is the lease rate?
    The lease rate is $0.00-$5 SF/Yr.
    Request Owner's contact information
    1107 Paola St Statesville, NC 28677
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    Statesville, NC 28677
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1107 Paola St Statesville, NC 28677
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