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    Property profile & analytics

    123 Morehead Rd, Unit 161 Statesville, NC 28677-2744

    • Flex space
    • 43,950 SF
    • 9.62 lot acres
    OFF-MARKET
    Value Estimation
    $725,000
    Location Intelligence
    Property ID
    US53-1259911
    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

    • American Stainless Tubing, Inc/Industrial Supply / Manufacturer

    Property Details for 123 Morehead Rd

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    9.62 lot acres
    Property size
    43,950 SF
    Zone code
    M2
    Property type
    Flex space
    APN
    4763-84-4753.000
    APU
    4763844753000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $725,000

    • CAP approach

      CAP return
      Estimation
      6%
      $830,000
      6.5%
      $950,000
      7%
      $910,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $925,000
      Geo Method
      $795,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $830,000
      Retail
      $920,000
      Mixed-Use
      $955,000
      Hospitality
      $780,000
      Educational
      $795,000
      Residential Income
      $750,000
      Energy
      $845,000
      Income-Based Land
      $885,000
      Food Service
      $730,000

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.7915
    Latitude
    35.7554
    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
    $11,368
    $240,500
    $1,686,210
    $1,926,710
    -
    $240,500
    $1,686,210
    $1,926,710

    Comparable in this City

    • Value Estimation by Request
      71,221 SF

      741 Rickert St

      LIGHT INDUSTRIAL • 71,221 SF
      741 Rickert St, Statesville, NC 28677-6766
      View Details
    • Value Estimation by Request
      78,876 SF

      2700 Frnt St

      LIGHT INDUSTRIAL • 78,876 SF
      2700 Frnt St, Statesville, NC 28677-2894
      View Details
    • Value Estimation by Request
      46,281 SF

      601 Bond St

      LIGHT INDUSTRIAL • 46,281 SF
      601 Bond St, Statesville, NC 28677-6767
      View Details
    • Value Estimation by Request
      1,914 SF

      2800 Newton Dr

      LIGHT INDUSTRIAL • 1,914 SF
      2800 Newton Dr, Statesville, NC 28677-3059
      View Details
    • Value Estimation
      $240,000
      2,880 SF

      2470 Hickory Hwy

      LIGHT INDUSTRIAL • 2,880 SF
      2470 Hickory Hwy, Statesville, NC 28677-2513
      View Details
    • Value Estimation
      $375,000
      24,229 SF

      945 Monroe St

      LIGHT INDUSTRIAL • 24,229 SF
      945 Monroe St, Statesville, NC 28677-6844
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
      40,300 SF

      Statesville Industrial Property For Sale

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      Statesville Industrial Space Available

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      View Details
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    123 Morehead Rd, Unit 161
    Statesville, NC 28677-2744
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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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