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    Property profile & analytics

    625 Sullivan Rd Statesville, NC 28677-3437

    • Automotive properties
    • 10,688 SF
    • 1.93 lot acres
    OFF-MARKET
    Value Estimation
    $4,450,000
    Last Sale
    Jul 10, 2023
    $4,400,500
    Location Intelligence
    Property ID
    US53-2306106
    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

    • Sunbelt Rentals / Contractor / Equipment Rental Agency
    • Steinbauer LLC / Vegan Restaurant

    Property Details for 625 Sullivan Rd

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.93 lot acres
    Property size
    10,688 SF
    Zone code
    B-4
    Property type
    Automotive properties
    APN
    4745-32-4575.000
    APU
    4745324575000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,485,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,770,000
      6.5%
      $4,505,000
      7%
      $4,250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,385,000
      Geo Method
      $4,375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,430,000
      Retail
      $3,945,000
      Mixed-Use
      $4,635,000
      Hospitality
      $4,765,000
      Educational
      $4,165,000
      Residential Income
      $4,775,000
      Energy
      $4,020,000
      Income-Based Land
      $3,970,000
      Food Service
      $4,075,000

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8769
    Latitude
    35.8034
    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
    $14,430
    $881,900
    $536,100
    $1,418,000
    -
    $881,900
    $536,100
    $1,418,000

    Comparable in this City

    • Value Estimation
      $425,000
      11,530 SF

      340 Meeting St

      VEHICLE SALES, RENTALS • 11,530 SF
      340 Meeting St, Statesville, NC 28677-5820
      View Details
    • Value Estimation by Request
      62,103 SF

      1030 Gtwy Xing Dr

      VEHICLE SALES, RENTALS • 62,103 SF
      1030 Gtwy Xing Dr, Statesville, NC 28677-6242
      View Details
    • Value Estimation by Request
      22,503 SF

      211 Sharpe St

      VEHICLE SALES, RENTALS • 22,503 SF
      211 Sharpe St, Statesville, NC 28677-5831
      View Details
    • Value Estimation
      $125,000
      1,394 SF

      1123 Shelton Ave

      VEHICLE SALES, RENTALS • 1,394 SF
      1123 Shelton Ave, Statesville, NC 28677-6730
      View Details
    • Value Estimation by Request
      25,410 SF

      809 Salisbury Rd

      VEHICLE SALES, RENTALS • 25,410 SF
      809 Salisbury Rd, Statesville, NC 28677-6223
      View Details
    • Value Estimation
      $260,000
      2,900 SF

      2003 Front St, Unit B

      VEHICLE SALES, RENTALS • 2,900 SF
      2003 Front St, Statesville, NC 28677-3648
      View Details

    Similar Nearby for Sale

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      Statesville Commercial Property For Sale

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      Statesville Commercial Property For Sale

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    • $350,000
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      Downtown Statesville Retail Opportunity

      Prime Redevelopment Site, 0.89 Acres
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    • $300,000
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      Versatile Commercial Property Near Downtown

      Statesville property suitable for retail, office, or residential use.
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    Similar Nearby for Lease

    • $2,500 /Mo
      32,670 SF

      Retail Space on W Front

      Retail storefront available for lease with road front visibility.
      1809 W Front St, Statesville, NC 28677
      View Details
    • $237 SF/Yr
      911 SF

      Statesville Medical Office Space

      Prime medical office, 911 sq ft
      1673 Norwood Rd, Statesville, NC 28677
      View Details
    • $2,200 /Mo
      1,742 SF

      Downtown Statesville Commercial Space Available

      Commercial space in Downtown Statesville with high ceilings and natural light.
      210 S Center St, Statesville, NC 28677
      View Details
    • $2,216 /Mo
      8,276 SF

      Statesville Commercial Building For Rent

      Professional office or retail building in Statesville's Central Business District.
      120 S Tradd St, Statesville, NC 28677
      View Details
    • $800 /Mo
      16,596 SF

      Downtown Statesville Office/Retail Space

      Office or retail space for lease in downtown Statesville.
      111 S Center St, Statesville, NC 28677
      View Details
    • $1,800 /Mo
      43,560 SF

      Statesville Commercial Office Space Available

      Freestanding office space for lease in high-traffic area.
      1521 Newton Dr, Statesville, NC 28677
      View Details

    Property Visit Statistics

    • Visits by month
      6.7k
    • Visitors by month
      5.9k
    • Avg Time on site
      16 min
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    625 Sullivan Rd
    Statesville, NC 28677-3437
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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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