Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    171 Windingwood Dr Statesville, NC 28677
    Back to Search
    Property profile & analytics

    171 Windingwood Dr Statesville, NC 28677

    View on Map
    • Commercial real estate
    • 1.48 lot acres
    Off-Market
    Property ID
    US53-3804273
    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

    • Commercial real estate

    Property Details for 171 Windingwood Dr

    Lot size
    1.48 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.478-acre lot, identified as Lot 6 in the Ridgewood subdivision near Mooresville, North Carolina, presents a unique opportunity. Located at 171 Windingwood Drive, Statesville, NC 28677 (Iredell County), this property offers a blend of privacy and community living. The interior lot is beautifully wooded, providing a tranquil setting for a new home. The asking price for this estate-sized parcel is $47,000. Ridgewood is a waterfront subdivision, offering the advantages of a planned community while maintaining a sense of seclusion. The lot's size is 64,381 square feet, providing ample space for a substantial residence and landscaping. This commercial and residential zoned property is conveniently located near Mooresville, offering easy access to amenities and services. The property is ready for development, making it an ideal investment for those seeking to build their dream home in a desirable lakeside setting. Buyers are encouraged to conduct their own due diligence to verify zoning and development regulations. This is a rare opportunity to acquire a large, wooded lot in a sought-after North Carolina community.

    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
    -80.9839071
    Latitude
    35.6983972

    Comparable in this City

    • $274,999
      0.19 Acres

      Statesville Duplex Investment Opportunity

      Duplex in Statesville with two units, currently leased.
      537 Broadway Ct, Statesville, NC 28677
      View Details
    • $495,000
      2.27 Acres

      Statesville Residential Portfolio For Sale

      Updated, fully leased single-family residential portfolio in Statesville, North Carolina.
      112 Robinette Ln, Statesville, NC 28677
      View Details
    • $599,500
      0.41 Acres

      Mixed-Use Building Near Courthouse

      Two-story building with office and residential spaces near courthouse.
      224 Harrill St, Statesville, NC 28677
      View Details
    • Contact for pricing

      Commercial Land on Morland Drive

      8.46 acres of commercial land suitable for various uses.
      1224 Morland Dr, Statesville, NC 28677
      View Details
    • $35,000

      Commercial Lot in Growing City

      Commercial lot in Statesville, suitable for industrial, warehouse, office.
      00 S Meeting St, Statesville, NC 28677
      View Details
    • $150,000
      5.52 Acres

      Residential Land in Statesville, NC

      5.52-acre parcel for custom home and investment.
      Windbluff Ct, Statesville, NC 28677
      View Details

    Similar Nearby for Sale

    • $274,999
      0.19 Acres

      Statesville Duplex Investment Opportunity

      Duplex in Statesville with two units, currently leased.
      537 Broadway Ct, Statesville, NC 28677
      View Details
    • $495,000
      2.27 Acres

      Statesville Residential Portfolio For Sale

      Updated, fully leased single-family residential portfolio in Statesville, North Carolina.
      112 Robinette Ln, Statesville, NC 28677
      View Details
    • $599,500
      0.41 Acres

      Mixed-Use Building Near Courthouse

      Two-story building with office and residential spaces near courthouse.
      224 Harrill St, Statesville, NC 28677
      View Details
    • Contact for pricing

      Commercial Land on Morland Drive

      8.46 acres of commercial land suitable for various uses.
      1224 Morland Dr, Statesville, NC 28677
      View Details
    • $35,000

      Commercial Lot in Growing City

      Commercial lot in Statesville, suitable for industrial, warehouse, office.
      00 S Meeting St, Statesville, NC 28677
      View Details
    • $150,000
      5.52 Acres

      Residential Land in Statesville, NC

      5.52-acre parcel for custom home and investment.
      Windbluff Ct, Statesville, NC 28677
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      43,560 SF

      Statesville Commercial Land For Lease

      Commercial land for lease in a growing Charlotte Metro area.
      158 Innovation Dr, Statesville, NC 28677
      View Details
    • New
      $850 /Mo
      16,596 SF

      Downtown Statesville Commercial Space

      Commercial space for lease in downtown Statesville, North Carolina.
      111 S Center St, Statesville, NC 28677
      View Details
    • Contact for pricing

      Statesville Warehouse Leasing Opportunity

      Warehouse leasing available in Statesville, North Carolina, near I-40 and I-77.
      1713 Gregory Rd, Statesville, NC 28677
      View Details
    • Contact for pricing

      Industrial Space For Lease

      Industrial space available for lease.
      1709a Gregory Rd, Statesville, NC 28677
      View Details
    • $4 SF/Yr

      Statesville Office & Industrial Space

      Versatile office and light industrial space near I-77 and I-40.
      600 Park Dr, Statesville, NC 28677
      View Details
    • $3 SF/Yr
      38,220 SF

      Statesville Flex Space - 38,220 SF

      Versatile industrial space, multiple suites available. Ideal for various businesses.
      1107 Paola St, Statesville, NC 28677
      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.
    171 Windingwood Dr
    Statesville, NC 28677
    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
    171 Windingwood Dr, Statesville, NC, 28677
    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!