Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Wall St Statesville, NC 28677

    • Commercial real estate
    • 3.49 lot acres
    For Sale
    View listing
    $595,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Wall St

    Lot size
    3.49 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.49-acre commercial property is strategically located off Exit 49B of I-77 in Statesville, North Carolina. Zoned B5 General Business, it presents a prime opportunity for a wide array of business ventures. The property's zoning allows for uses including automotive and equipment sales and service, auto rentals, boat, motorcycle, and trailer sales and service, large equipment and farm equipment sales and rentals, and manufactured/mobile home and RV sales. Its high-visibility location ensures excellent accessibility and significant traffic exposure, making it an attractive option for businesses seeking a strong presence in a thriving commercial area. The ample acreage provides significant space for operations and ample off-street parking, accommodating customers and employees with ease. This versatile property is ready for immediate development, offering a unique chance to establish or expand a business in the heart of Statesville's bustling commercial sector. The asking price is $595,000. Don't miss this opportunity to secure a prime location for your business's success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8676
    Latitude
    35.7753

    Comparable in this City

    • Value Estimation by Request
      1.92 Acres

      109 Grand Oaks Ct

      Commercial real estate • 1.92 Acres
      109 Grand Oaks Ct, Statesville, NC 28677
      View Details
    • Value Estimation by Request
      0.33 Acres

      Shelton Ave

      COMMERCIAL (GENERAL) • 0.33 Acres
      Shelton Ave, Statesville, NC 28677
      View Details
    • Value Estimation by Request
      3.58 Acres

      Wallace Rd

      COMMERCIAL (GENERAL) • 3.58 Acres
      Wallace Rd, Statesville, NC 28677
      View Details
    • Value Estimation by Request
      0.12 Acres

      Landmark Aly

      COMMERCIAL (GENERAL) • 0.12 Acres
      Landmark Aly, Statesville, NC 28677
      View Details
    • Value Estimation by Request
      0.18 Acres

      Elm St

      COMMERCIAL (GENERAL) • 0.18 Acres
      Elm St, Statesville, NC 28677
      View Details
    • Value Estimation by Request
      1,876 SF

      119 Broad St, Unit 121

      COMMERCIAL (GENERAL) • 1,876 SF
      119 Broad St, Statesville, NC 28677-5853
      View Details

    Similar Nearby for Sale

    • $595,000

      Wall St

      Office Properties & Spaces
      0 Wall St, Statesville, NC 28677
      View Details
    • $995,500
      11,010 SF

      1809 Front St, Statesville, NC 28677

      Commercial real estate • 11,010 SF
      1809 Front St, Statesville, NC 28677
      View Details
    • $325,000
      1.92 Acres

      Statesville Commercial Trailer Park

      High-Demand Rental Income Property
      109 Grand Oaks Ct, Statesville, NC 28677
      View Details
    • $295,000
      0.45 Acres

      Statesville Commercial Land Opportunity

      High-potential B2 zoned lot, redevelopment ready.
      936 Davie Ave, Statesville, NC 28677
      View Details
    • $489,000
      8.03 Acres

      Statesville Commercial Land Investment

      8 Acres, I-40 Access, Approved Development
      130 Aviation Dr, Statesville, NC 28677
      View Details
    • $47,000
      1.48 Acres

      Statesville Land: Wooded Estate Lot

      1.478 Acres, Lakeside Subdivision, NC
      171 Windingwood Dr, Statesville, NC 28677
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,300 SF

      Statesville Industrial Property For Sale

      Multi-tenant industrial space, 40,300 SF total.
      600 Park Dr, Statesville, NC 28677
      View Details
    • $11 SF/Yr
      5,032 SF

      Renovated Flex Space with Office

      Recently renovated flex space with office and warehouse components.
      1523 Salisbury Ave, Statesville, NC 28677
      View Details
    • $2,500 /Mo
      32,670 SF

      Retail Space on W Front

      Retail storefront available for lease with road front visibility.
      1809 W Front St, Statesville, NC 28677
      View Details
    • $1,800 /Mo
      43,560 SF

      Statesville Commercial Office Space Available

      Freestanding office space for lease in high-traffic area.
      1521 Newton Dr, Statesville, NC 28677
      View Details
    • $6,720 /Mo
      43,560 SF

      Statesville Office Space For Rent

      Large open office space with private offices and ample parking.
      1519 Newton Dr, Statesville, NC 28677
      View Details
    • $7,200 /Mo
      43,560 SF

      Statesville Warehouse with Basement Storage

      Open warehouse space with full basement available for lease.
      1505 Newton Dr, Statesville, NC 28677
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Wall St
    Statesville, NC 28677
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.