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    Property profile & analytics
    OFF-MARKET Estimated value $3,375,000
    Automotive properties

    1244 Garner Bagnal Blvd, Statesville, NC 28677-6965

    20,182 SF 6.72 ac lot Built 1989
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US53-5300474
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Electric Vehicle Charging Station Electric Vehicle Charging Station
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.21M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.38M
    Owner & transaction history
    Garner Bagnal Oi LLC · 1 yrs held
    Garner Bagnal Oi LLC
    since 2025
    Last sale
    $3.6M
    7 recorded transactions
    2025
    $3.6M
    2022
    $4.0M
    2022
    $2.5M
    2017
    2007
    $4.2M
    2006
    $2.2M
    1969
    Zoning & alternative use
    B-5 · Statesville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $4.9M +228.2%
    Medical building $3.9M +164.5%
    Retail stores $3.0M +104.1%
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