Financial
Distress signals
Property profile

1107 Paola St Statesville, NC 28677

OFF-MARKET
Warehouses
Property ID
US53-2071065
38,220 SF 0.74 ac lot Built 1902
Last sale Mar 2024 · $470,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$397k
Assessed land$37k
Assessed improvement$360k
Effective rate1.02%

Value estimate

· Sep 2026
$470k
$423k – $517k
AI approach$470k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$59/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$24 – $95
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LI
In B-4, B-5, LI and HI districts outdoor storage is permitted in the side and rear yards provided that the area devoted to outdoor storag...
General categoryINDUSTRIAL
JurisdictionIREDELL

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office19.0
Building Supply15.5
Spa & Massage13.6

Location

1107 Paola St Statesville, NC 28677-5007
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1002 Winston, Statesville, NC 28677-6500 $2,100,000 May 2025 30,350 SF
126 Orbit, Statesville, NC 28677-8634 $900,000 May 2025 25,444 SF
127 Advantage, Statesville, NC 28677-9793 $3,100,000 May 2025 22,982 SF
111 Mcness, Statesville, NC 28677-2742 $6,417,500 Feb 2025 66,324 SF
844 Meacham, Statesville, NC 28677-2982 $3,500,000 Sep 2024 27,876 SF
938 Park, Statesville, NC 28677-4943 $200,000 Feb 2024 31,958 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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