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    Property profile & analytics

    706 Sullivan Rd Statesville, NC 28677-3440

    • Turn key restaurants
    • 1,947 SF
    OFF-MARKET
    Value Estimation
    $335,000
    Location Intelligence
    Property ID
    US53-1050322
    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

    • Waffle House / American Restaurant / Diner

    Property Details for 706 Sullivan Rd

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    1,947 SF
    Property type
    Turn key restaurants
    APN
    4745-33-7180.000 B
    APU
    4745337180000B

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8759
    Latitude
    35.8049
    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
    $2,007
    $0.00
    $197,230
    $197,230
    -
    $0.00
    $197,230
    $197,230

    Comparable in this City

    • Value Estimation
      $235,000
      2,663 SF

      1901 Frnt St

      RESTAURANT • 2,663 SF
      1901 Frnt St, Statesville, NC 28677-3646
      View Details
    • Value Estimation by Request
      1,244 SF

      1015 Frnt St

      RESTAURANT • 1,244 SF
      1015 Frnt St, Statesville, NC 28677-5642
      View Details
    • Value Estimation
      $235,000
      2,508 SF

      1023 Shelton Ave

      RESTAURANT • 2,508 SF
      1023 Shelton Ave, Statesville, NC 28677-6728
      View Details
    • Value Estimation
      $235,000
      2,358 SF

      721 Sullivan Rd

      RESTAURANT • 2,358 SF
      721 Sullivan Rd, Statesville, NC 28677-3439
      View Details
    • Value Estimation
      $205,000
      2,608 SF

      1042 Frnt St

      RESTAURANT • 2,608 SF
      1042 Frnt St, Statesville, NC 28677-5643
      View Details
    • Value Estimation
      $330,000
      10,748 SF

      211 Broad St

      RESTAURANT • 10,748 SF
      211 Broad St, Statesville, NC 28677-5259
      View Details

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      Versatile Commercial Property Near Downtown

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    Similar Nearby for Lease

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      Statesville Commercial Building For Rent

      Professional office or retail building in Statesville's Central Business District.
      120 S Tradd St, Statesville, NC 28677
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    • $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
    • $2,500 /Mo
      32,670 SF

      Retail Space on W Front

      Retail storefront available for lease with road front visibility.
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    • $237 SF/Yr
      911 SF

      Statesville Medical Office Space

      Prime medical office, 911 sq ft
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    • $2,200 /Mo
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      Downtown Statesville Commercial Space Available

      Commercial space in Downtown Statesville with high ceilings and natural light.
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    • Contact for pricing
      40,300 SF

      Statesville Industrial Property For Sale

      Multi-tenant industrial space, 40,300 SF total.
      600 Park Dr, Statesville, NC 28677
      View Details

    Property Visit Statistics

    • Visits by month
      9.0k
    • Visitors by month
      7.5k
    • Avg Time on site
      34 min
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    706 Sullivan Rd
    Statesville, NC 28677-3440
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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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