New search
Property profile & analytics
OFF-MARKET
Warehouses
1107 Paola St, Statesville, NC 28677-5007
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2071065
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 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.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1902
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,220 SF
Lot
0.74 ac (32,234 SF)
Zoning code
LI
APN
4734-44-6837.000
UPID
US53-2071065
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Avc Holding LLC · 2 yrs held
Avc Holding LLC
since 2024
Last sale
$470,000
1 recorded transaction
Zoning & alternative use
LI · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Statesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Statesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,044
Tax year 2023
Assessed value
$397,420
Assessed 2023
Previous assessed
$397,420
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$37,000
Assessed improvement
$360,420
Land market value
$37,000
Improvement market value
$360,420
Total market value
$397,420
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1902
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
2
Rooms
1
Bathrooms
1
Total area
38,220 SF
Lot
0.74 ac (32,234 SF)
Zoning code
LI
APN
4734-44-6837.000
UPID
US53-2071065
Jurisdiction
IREDELL
Zoning & alternative use
LI · Statesville, NC
Zoning LI · permitted uses
LI · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Statesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1902
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Avc Holding LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1600 CAVENDISH CT, CHARLOTTE, NC 28211-3944
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
$470,000
Avc Holding LLC
Seville Warehouse
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1107 Paola St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
