Property profile

1120 Davie Ave Statesville, NC 28677

OFF-MARKET
Office buildings
Property ID
US53-0748037
4,800 SF 0.44 ac lot Built 1921
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This property is a commercial building located in Statesville, Iredell County, on Davie Avenue, within minutes of I-77 and I-40 and within walking distance of downtown Statesville and nearby amenities. It contains approximately 3,000 heated square feet and about 500 square feet of finished but unheated space, for a total of roughly 3,500 square feet, and is suitable for a range of uses including retail, office, or residential/personal-use configurations. The main level includes 3 to 5 offices, two kitchens, and 1.5 bathrooms, while the upper level offers four offices or rooms and an additional half bath. A separate apartment or short-term rental-style unit is present with its own alarm code and its own heat and air system, separate from the office area. The building has HVAC systems and a roof that are approximately two years old, and it sits on a 0.44-acre lot with paved front parking and additional spaces at the rear; some exterior maintenance/repairs are likely needed.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1921
Total area 4,800 SF
Lot 0.44 ac (19,166 SF)
Zoning code O-1
APN 4744-59-1900.000
UPID US53-0748037

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1120 Davie Ave Statesville, NC 28677-3510
Statesville metro Census 60100 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2026
3 recorded transactions
2026
$277,000
2021
Price N/A
2019
$130,000

Zoning & alternative use

O-1 · Statesville, NC
Zoning description

nt yard setback for multi-family developments is ten (10) feet. Zero-lot line setbacks shall be permitted for interior units. 5. A five-foot vegetative buffer shall be required along the side and rear property lines. M.…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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