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    FOR LEASE
    Warehouses

    600 Park Dr, Statesville, NC 28677

    31,938 SF 1.8 ac lot Built 1945
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US53-0595971
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 600 Park Dr in Statesville, NC, offers a total of 40,300 square feet of versatile space across two buildings. The property sits on a 1.78-acre lot and is zoned LI - Light Industrial. Built in 1980 and extensively renovated in 2023, this property boasts a modern feel with updated features. The single-story buildings feature a 12-foot ceiling height, providing ample vertical space for various industrial uses. The property includes four dock-high doors and three drive-in doors for efficient loading and unloading. The robust power supply is 240 volts, three-phase, ensuring sufficient power for demanding operations. The property is currently fully vacant and offers multiple tenancy options, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 40,300 square feet. The property features a wet sprinkler system and fluorescent lighting throughout. Heating is provided by natural gas. Water and sewer services are provided by the city. A portion of the building is within city zoning regulations, while the remainder is located in the county. The annual property tax is $1,161.49 and $233.88 for 0.5 acres. This property is ideal for businesses seeking a well-maintained, spacious, and strategically located industrial facility in the Statesville submarket. The combination of modern amenities, flexible space options, and prime location makes this an outstanding investment opportunity.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1945
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 31,938 SF
    Lot 1.8 ac (78,408 SF)
    Zoning code LI
    APN 4734-04-5357.000
    UPID US53-0595971
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.03M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $774k
    Blend (final) Blend
    $765k
    Owner & transaction history
    Avc Holding LLC · 3 yrs held
    Avc Holding LLC
    since 2023
    Last sale
    $760,000
    2 recorded transactions
    2023
    2023
    $760,000
    Zoning & alternative use
    LI · Statesville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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