Property profile

1244 Garner Bagnal Blvd Statesville, NC 28677

FOR SALE
Automotive properties
Property ID
US53-5300474
20,182 SF 6.72 ac lot Built 1989
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a vacant, Class A storefront located at 1244 Garner Bagnal Blvd, Statesville, NC 28677. The property boasts a substantial 20,182 square feet of space, ideally suited for an owner-user or investor seeking a high-visibility location. The building, renovated in 2022, comprises two single-story structures situated on a six-acre lot. The expansive lot includes over four acres of paved and fenced outdoor storage, providing ample space for inventory, equipment, or additional operations. The interior features over 3,000 square feet of showroom space with glass sales offices, complemented by more than six roll-up doors for convenient loading and unloading. The property is zoned for highway business, offering significant flexibility for a variety of commercial uses. Currently vacant, the property is available for occupancy beginning February 1, 2024, presenting a unique chance to customize the space to meet specific business needs. The asking price for this prime Statesville retail space is $4,750,000. This is a rare opportunity to acquire a substantial, well-maintained property in a desirable location with significant potential for growth and return on investment.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1989
Construction STONE
Total area 20,182 SF
Lot 6.72 ac (292,723 SF)
Zoning code B-5
APN 4744-80-5361.000
UPID US53-5300474

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Electric Vehicle Charging Station

Location

1244 Garner Bagnal Blvd Statesville, NC 28677
Statesville metro Census 60603 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.18M

Owner & transaction history

since 2025
Last sale
$3.6M
7 recorded transactions
2025
$3.6M
2022
$4.0M
2022
$2.5M
2017
Price N/A
2007
$4.2M
2006
$2.2M
1969
Price N/A

Zoning & alternative use

B-5 · Statesville, NC
Zoning description

districts B-4 and B-5 shall be located on the same lot as the principal structure. 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 category INDUSTRIAL
Top alternative use upside
Restaurant $4.9M +228.2%
Medical building $3.9M +164.5%
Retail stores $3.0M +104.1%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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