Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    701 Hartness Rd Statesville, NC 28677-3424
    Back to Search
    Property profile & analytics

    701 Hartness Rd, Statesville, NC 28677-3424

    View on Map
    • Medical Office Space
    • 9,092 SF
    • 1.60 lot acres
    Off-Market
    Last Sale Sep 15, 2021
    $982,000
    Property ID
    US53-2203291
    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
    $980,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stuart Tucker / Dental Office
    • Happy Teeth Pediatric Dentistry / Dental Office

    Property Details for 701 Hartness Rd

    Year built
    1980
    Construction
    WOOD
    Lot size
    1.60 lot acres
    Zone code
    O2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    4745-21-2019.000
    APU
    4745212019000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 15, 2021 $982,000 S Tucker Holdings LLC Guy E Haddix Warranty Deed $1.5M · South State Bank National Associati

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $950,000
      ML approach
      $1,000,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $722,000
      Market price range: $427k - $949k

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

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8814
    Latitude
    35.7992
    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
    $11,675
    $391,680
    $755,630
    $1,147,310
    -
    $391,680
    $755,630
    $1,147,310

    Comparable in this City

    • Value Estimation by Request
      1.32 Acres

      Bryant St

      MEDICAL BUILDING
      Bryant St, Statesville, NC 28677
      View Details
    • Value Estimation
      $560,000
      4,960 SF

      Brookdale Dr

      MEDICAL BUILDING
      Brookdale Dr, Statesville, NC 28677
      View Details
    • Value Estimation by Request
      2,219 SF

      1711 Davie Ave

      MEDICAL BUILDING
      1711 Davie Ave, Statesville, NC 28677-3521
      View Details
    • Value Estimation by Request
      2,645 SF

      303 Davie Ave

      MEDICAL BUILDING
      303 Davie Ave, Statesville, NC 28677-5318
      View Details
    • Value Estimation
      $510,000
      4,050 SF

      744 Hartness Rd

      MEDICAL BUILDING
      744 Hartness Rd, Statesville, NC 28677-3425
      View Details
    • Value Estimation by Request
      0.48 Acres

      809 Stockton St

      MEDICAL BUILDING
      809 Stockton St, Statesville, NC 28677-4138
      View Details

    Similar Nearby for Sale

    • $650,000
      3,838 SF

      Statesville Medical/Office Ready Property

      Versatile property in a desirable location, ideal for medical/office use.
      744 Hartness Rd, 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
      11,010 SF

      Versatile Commercial Building with Leased Spaces

      11,010 SF metal building with leased spaces and potential.
      1809 W Front St, Statesville, NC 28677
      View Details
    • $895,500
      11,000 SF

      Commercial Building with Leased Spaces

      Commercial building featuring offices, roll-up doors, loading dock, and parking.
      1809 W Front St, Statesville, NC 28677
      View Details
    • Contact for pricing

      Commercial Lot in Growing City

      Commercial lot in Statesville, suitable for industrial, warehouse, office.
      00 S Meeting St, Statesville, NC 28677
      View Details
    • $140,000
      0.34 Acres

      Commercial Property with Expansion Potential

      Commercial property with flexible zoning near interstates and downtown.
      204 N Oakland Ave, Statesville, NC 28677
      View Details

    Similar Nearby for Lease

    • $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
    • $1,850 /Mo
      9,148 SF

      Statesville Office Space For Rent

      Prime office space in downtown Statesville with utilities included.
      242 E Broad St, Statesville, NC 28677
      View Details
    • $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 Office & Industrial Space

      Versatile office and light industrial space near I-77 and I-40.
      600 Park Dr, 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
    • $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
    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.
    701 Hartness Rd
    Statesville, NC 28677-3424
    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
    701 Hartness Rd, 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!