Auto Shop with Warehouse
For Sale
$599,000
935 Shelton Avenue, Statesville, NC 28677
Commercial Sale, Statesville, NC
Property Size5,070 SF
Lot Size0.59 Acres
Price / SF$118.15
Days on Market296
Property Features for 935 Shelton Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Driveway
Standard status
Active
APN
4744112120
Lot size
0.59 Acres
Taxes and HOA fees
Tax Description
SHELTON AV
Legal Description
SHELTON AV
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1963
Listing Agency:
Century 21 Towne and Country · Century 21 Real Estate
(704) 637-7721
Listed By:
Cathy Griffin · License #187850
(704) 213-2464
Added: Dec 17, 2025
Changed: Oct 8
Last Checked: Oct 9 at 1:06PM
MLS# 4330172
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.
Investment Insights
Based on property information with market context.
This 5,070-square-foot commercial building occupies a 0.59-acre parcel and combines warehouse area with dedicated office space. The property is currently used for go-kart and automotive activity. Built in 1963, it has central air conditioning, driveway parking, and public sewer service.
Located at 935 Shelton Avenue in Statesville, the property is zoned Commercial. Its existing blend of work and office areas, together with the current automotive-related use, defines the building’s practical configuration.
Located at 935 Shelton Avenue in Statesville, the property is zoned Commercial. Its existing blend of work and office areas, together with the current automotive-related use, defines the building’s practical configuration.
Key Highlights
- 5,070‑square‑foot building on a 0.59‑acre lot
- Warehouse area and dedicated office space
- Currently used for go‑kart and automotive activity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,846
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,920
$736.9K
Cap Rate 7%
$526,371
$526.4K
Cap Rate 9%
$409,400
$409.4K
Market Conditions
NOI Build-Up for 5,070 SF
Gross rent
$45.6K $9.00/SF
− Vacancy
−$2.3K −$0.45/SF
EGI
$43.3K $8.55/SF
− OpEx
−$6.5K −$1.28/SF
NOI
$36.8K $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%
$736,920
Cap Rate 7%
$526,371
Cap Rate 9%
$409,400
Alternative Uses
Best Use
Retail
$889.2K
$778.0K – $1.04M
NOI $62,242 @ 7.0% cap · market cap 10.39%
Second Best
Flex RnD
$839.1K
$734.2K – $978.9K
NOI $58,734 @ 7.0% cap · market cap 9.81%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,702 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Well-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
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Similar Off Market Nearby
- Good As Gold Transportation — 1715 Shelton Ave, Statesville, NC 28677
- Junior's Garage — 1503 Shelton Ave, Statesville, NC 28677
- Iredell Auto Repair — 1503 Shelton Ave, Statesville, NC 28677
- Tim's Small Engine Service & Repair — 820 Wilmington Ave, Statesville, NC 28677
- Pedros auto repair — 1405 Shelton Ave, Statesville, NC 28677
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial zoning and a mix of work and office areas support varied business configurations.
Where is this auto shop located?
The property is located at 935 Shelton Avenue Statesville, NC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 5,070‑square‑foot building on a 0.59‑acre lot; Warehouse area and dedicated office space; Currently used for go‑kart and automotive activity
