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    Property profile & analytics

    1385 Shelton Ave Statesville, NC 28677-7257

    • Auto shops
    • 3,120 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    $150,000
    Last Sale
    Feb 02, 2024
    $153,500
    Location Intelligence
    Property ID
    US53-1532001
    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

    • Alex Mechanic / Auto Repair Shop
    • Tires R Us statesville / Used Tire Shop

    Property Details for 1385 Shelton Ave

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.33 lot acres
    Property size
    3,120 SF
    Zone code
    H-115
    Property type
    Auto shops
    APN
    4743-19-0315.000
    APU
    4743190315000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $155,000

    • CAP approach

      CAP return
      Estimation
      6%
      $125,000
      6.5%
      $135,000
      7%
      $135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $140,000
      Geo Method
      $140,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $150,000
      Retail
      $120,000
      Mixed-Use
      $120,000
      Hospitality
      $155,000
      Educational
      $145,000
      Residential Income
      $140,000
      Energy
      $145,000
      Income-Based Land
      $120,000
      Food Service
      $150,000

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8844
    Latitude
    35.7669
    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
    $1,207
    $61,880
    $56,780
    $118,660
    -
    $61,880
    $56,780
    $118,660

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      3021 Westminster Dr

      AUTO REPAIR, GARAGE • 0.24 Acres
      3021 Westminster Dr, Statesville, NC 28677-2896
      View Details
    • Value Estimation by Request
      1,700 SF

      2015 Shelton Ave

      AUTO REPAIR, GARAGE • 1,700 SF
      2015 Shelton Ave, Statesville, NC 28677-2760
      View Details
    • Value Estimation by Request
      1,664 SF

      1612 Lynnwood Dr

      AUTO REPAIR, GARAGE • 1,664 SF
      1612 Lynnwood Dr, Statesville, NC 28677
      View Details
    • Value Estimation by Request
      1,422 SF

      2001 Frnt St

      AUTO REPAIR, GARAGE • 1,422 SF
      2001 Frnt St, Statesville, NC 28677-3648
      View Details
    • Value Estimation by Request
      1,468 SF

      128 Frnt St

      AUTO REPAIR, GARAGE • 1,468 SF
      128 Frnt St, Statesville, NC 28677-5835
      View Details
    • Value Estimation
      $330,000
      5,284 SF

      2170 Buffalo Shls Rd

      AUTO REPAIR, GARAGE • 5,284 SF
      2170 Buffalo Shls Rd, Statesville, NC 28677-2466
      View Details

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    Similar Nearby for Lease

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      Retail storefront available for lease with road front visibility.
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      Downtown Statesville Office/Retail Space

      Office or retail space for lease in downtown Statesville.
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    • $237 SF/Yr
      911 SF

      Statesville Medical Office Space

      Prime medical office, 911 sq ft
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    • $2,200 /Mo
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      Downtown Statesville Commercial Space Available

      Commercial space in Downtown Statesville with high ceilings and natural light.
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    • $1,950 /Mo
      6,098 SF

      Downtown Statesville Office Space Available

      2,600+ sq ft office space in downtown Statesville, NC.
      233 Davie Ave, Statesville, NC 28677
      View Details
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    1385 Shelton Ave
    Statesville, NC 28677-7257
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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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