Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    158 Intercraft Dr Statesville, NC 28625-2737
    Back to Search
    Property profile & analytics

    158 Intercraft Dr, Statesville, NC 28625-2737

    View on Map
    • Strip malls
    • 2,432 SF
    • 5.93 lot acres
    Off-Market
    Property ID
    US53-2475603
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bluedot Readi-Mix / Building Supply

    Property Details for 158 Intercraft Dr

    Year built
    2012
    Construction
    WOOD
    Lot size
    5.93 lot acres
    Zone code
    HI
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    4753-58-4582.000
    APU
    4753584582000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 7, 2020 — 158 Intercraft Drive LLC — Deed · related $825k · First Citizens Bank & Trust Co
    May 21, 2009 $121,000 158 Intercraft Drive LLC Iredell Dev Warranty Deed $121k · Anthony C Griffin
    — — 158 Intercraft Drive LLC — Deed Of Trust · related $850k · First Citizens Bank & Trust Co
    — — 158 Intercraft Drive LLC — Deed Of Trust · related $577k · Self-help Ventures Fund
    — — 158 Intercraft Drive LLC — Deed Of Trust · related $678k · First Citizens Bank & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8356
    Latitude
    35.7653
    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
    $3,083
    $208,740
    $94,200
    $302,940
    -
    $208,740
    $94,200
    $302,940

    Comparable in this City

    • Value Estimation by Request
      1.85 Acres

      Turnersburg Hwy

      SHOPPING CENTER, STRIP CENTER
      Turnersburg Hwy, Statesville, NC 28625
      View Details
    • Value Estimation by Request
      7,557 SF

      Taylorsville Hwy

      SHOPPING CENTER, STRIP CENTER
      Taylorsville Hwy, Statesville, NC 28625
      View Details
    • Value Estimation
      $2,700,000
      43,759 SF

      1737 Wilkesboro Hwy

      SHOPPING CENTER, STRIP CENTER
      1737 Wilkesboro Hwy, Statesville, NC 28625-8602
      View Details
    • Value Estimation
      $10,920,000
      53,642 SF

      1911 Broad St, Unit 1929

      SHOPPING CENTER, STRIP CENTER
      1911 Broad St, Statesville, NC 28625-4309
      View Details
    • Value Estimation
      $4,695,000
      9,644 SF

      210 Turnersburg Hwy

      SHOPPING CENTER, STRIP CENTER
      210 Turnersburg Hwy, Statesville, NC 28625-2797
      View Details
    • Value Estimation
      $620,000
      48,154 SF

      560 Turnersburg Hwy

      SHOPPING CENTER, STRIP CENTER
      560 Turnersburg Hwy, Statesville, NC 28625-2743
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Love Valley Retail Opportunity

      Retail space with apartment in unique western town.
      175 Henry Martin Trl, Statesville, NC 28625
      View Details
    • Contact for pricing

      Retail or QSR Land Opportunity

      Interior lot in Eastside Center near various businesses.
      1503 Cinema Dr, Statesville, NC 28625
      View Details
    • Contact for pricing

      High-Visibility Car Wash Opportunity

      Operating car wash with redevelopment potential in high-traffic location.
      2585 Northside Dr, Statesville, NC 28625
      View Details
    • Contact for pricing

      30 Acres in Cool Spring

      30 acres of land, mostly cleared, near major highways.
      000 Pops Lake Rd, Statesville, NC 28625
      View Details
    • Contact for pricing

      Residential Lot Near Golf Course

      Building lot in desirable neighborhood, close to amenities and interstates.
      627 Saint Andrews Rd, Statesville, NC 28625
      View Details
    • Contact for pricing

      Statesville Land with Steel Workshop

      1.77-acre parcel with 4,000 SF workshop near I-40/I-77.
      136 Longview Rd, Statesville, NC 28625
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,584 SF

      Retail Space in Community Center

      Retail space available in community center anchored by Food Lion.
      1530-1670 E Broad St, Statesville, NC 28625
      View Details
    • Contact for pricing
      1,202 SF

      Retail Space in Forth Crossings

      Newer retail center with high visibility and easy access.
      187 Turnersburg Hwy, Statesville, NC 28625
      View Details
    • Contact for pricing
      1,200 SF

      Community Center Retail Spaces Available

      Retail spaces available in community center anchored by Food Lion.
      1630 E Broad St, Statesville, NC 28625
      View Details
    • Contact for pricing
      3,410 SF

      Retail Space Near Amenities

      Retail space available near hotels, restaurants, and car dealerships.
      1525-1531 Cinema Dr, Statesville, NC 28625
      View Details
    • Contact for pricing
      1,760 SF

      New Retail/Medical Space For Lease

      New construction retail/medical buildings available for lease in Statesville, NC.
      124 Beechnut Ln, Statesville, NC 28625
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 139-141 Island Ford Road.
      139-141 Island Ford Rd, Statesville, NC 28625
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    158 Intercraft Dr
    Statesville, NC 28625-2737
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    158 Intercraft Dr, Statesville, NC, 28625
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!