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    Property profile & analytics

    1107 Paola St Statesville, NC 28677

    • Warehouses
    • 38,220 SF
    • 0.74 lot acres
    For Lease
    View listing
    $3 SF/Yr
    Value Estimation
    $470,000
    Last Sale
    Mar 22, 2024
    $470,000
    Location Intelligence
    Property ID
    US53-2071065
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1107 Paola St

    Year built
    1902
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.74 lot acres
    Property size
    38,220 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    4734-44-6837.000
    APU
    4734446837000

    Description

    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 from a minimum of 1,300 square feet to a maximum contiguous space of 9,116 square feet, offering flexibility for businesses of various sizes. The property's location in the North submarket of Statesville provides excellent access to transportation routes and amenities. The property is situated on a single story and does not include elevators. The APN is 4734-44-6837 . 000. This is a multi-tenant property. This prime location presents a unique opportunity for businesses seeking versatile and well-maintained industrial space in a thriving area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $510,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $405,000
      Mixed-Use
      $450,000
      Hospitality
      $430,000
      Educational
      $410,000
      Residential Income
      $500,000
      Energy
      $390,000
      Income-Based Land
      $430,000
      Food Service
      $515,000

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.9062
    Latitude
    35.7817
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,044
    $37,000
    $360,420
    $397,420
    -
    $37,000
    $360,420
    $397,420

    Comparable in this City

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      635 Armfield St

      WAREHOUSE, STORAGE • 5,976 SF
      635 Armfield St, Statesville, NC 28677-5705
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      220 Mitchell Ave

      WAREHOUSE, STORAGE • 3,160 SF
      220 Mitchell Ave, Statesville, NC 28677
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      1609 Newton Dr

      WAREHOUSE, STORAGE • 11,200 SF
      1609 Newton Dr, Statesville, NC 28677-5042
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    • Value Estimation by Request
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      405 Carriage Rd

      WAREHOUSE, STORAGE • 3,375 SF
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      View Details

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    Similar Nearby for Lease

    • $3 SF/Yr
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      Statesville Flex Space - 38,220 SF

      Versatile industrial space, multiple suites available. Ideal for various businesses.
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    • $7,200 /Mo
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      Open warehouse space with full basement available for lease.
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    • $11 SF/Yr
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    1107 Paola St
    Statesville, NC 28677
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    Realmo Value Estimation

    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.

    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.

    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
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