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    OFF-MARKET
    Commercial real estate

    109 Grand Oaks Ct, Statesville, NC 28677

    1.92 ac lot Built 1988
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 16-space trailer park situated on a spacious 1.92-acre lot in Statesville, North Carolina. Located in a rapidly expanding area experiencing robust job growth and high rental demand, this property offers significant potential for immediate and long-term returns. All 16 trailer spaces are equipped with convenient city water and sewer services, ensuring a comfortable and convenient living experience for tenants. Individual metering for each space provides efficient utility management and cost allocation. The property's prime location within a thriving market makes it an attractive proposition for investors seeking a stable and profitable venture in the commercial real estate sector. The substantial lot size offers potential for future expansion or development, further enhancing the property's long-term value. This turnkey operation requires minimal management overhead, making it an ideal investment for both seasoned and novice investors. The strong rental market in Statesville ensures consistent occupancy rates, contributing to a reliable and predictable income stream. This is a rare opportunity to acquire a well-established, income-generating asset in a high-growth area with significant upside potential. The property's current configuration and infrastructure provide a solid foundation for continued success and future growth. Serious inquiries are encouraged to explore this promising investment opportunity further. The asking price of $325,000 reflects the property's exceptional value and potential for substantial returns.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1988
    Lot 1.92 ac (83,635 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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