1121 Radio Rd Statesville, NC 28677
This exceptional 5-6 acre parcel in Statesville, NC, presents a remarkable opportunity for residential development. Located on Radio Road, this property boasts a highly desirable location within a thriving community, offering convenient access to a wealth of amenities. Within a mile, residents will find grocery stores, pharmacies, medical facilities, restaurants, and entertainment venues. The site itself benefits from existing infrastructure, including water and sewer connections. Furthermore, the property is situated near a local park, well-maintained sidewalks, and greenway paths, enhancing its appeal and livability. The slightly sloping terrain simplifies grading and utility installation, making development more efficient. Its strategic location provides easy access to Interstates 40 and 77, connecting residents to the broader Charlotte metropolitan area. The City of Statesville actively encourages development, with preliminary approvals suggesting the potential for approximately 84 apartments or other residential options. The property's address is 1121 Radio Rd, Statesville, NC 28677 (APN: 4735829855.000). Note that mapping lines are estimates
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Action Specialties Corporate Office Business Park
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Embassy Music Studios Recording Studio
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.