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Property profile & analytics
OFF-MARKET Estimated value $1,295,000
Warehouses

707 Gaither Rd Statesville, NC 28625-3450

9,180 SF 0.53 ac lot Built 1975
Entity Owned 4-yr Hold Free & Clear
Property ID
US53-4084984
Property summary
AI-generated overview

This exceptional 9,000-square-foot flex/warehouse property presents a compelling investment or owner-user opportunity in Statesville, North Carolina. Situated on a 0.53-acre lot, this highly visible property boasts prime location at Exit 151 of I-40, just half a mile from I-77. The B-4 zoning allows for a variety of uses. The building offers significant advantages due to its proximity to major transportation arteries, providing easy access to regional markets. Statesville's robust growth, fueled by ongoing road improvements along I-77 and I-40, makes this a particularly attractive investment. The property's strategic location and versatile zoning cater to both owner-occupiers seeking efficient space and investors looking for strong returns. Utilities are provided by the City of Statesville. The asking price is $1,150,000, translating to $127.78 per square foot. The property's Assessed Property Number (APN) is 4745340374.000. This is a rare opportunity to acquire a well-positioned industrial property in a thriving market. The address is 707 Gaither Rd, Statesville, NC 28625.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1975
Construction STONE
Total area 9,180 SF
Lot 0.53 ac (23,261 SF)
Zoning code B-4
APN 4745-34-0374.000
UPID US53-4084984
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
$1.31M
CAP Approach CAP
$1.03M
Comparable Approach Comparable
$842k
Blend (final) Blend
$1.30M
Owner & transaction history
707 & 711 Statesville LLC · 4 yrs held
707 & 711 Statesville LLC
since 2022
Last sale
$1.7M
1 recorded transaction
2022
$1.7M
Zoning & alternative use
B-4 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

districts B-4 and B-5 shall be located on the same lot as the principal structure. In B-4, B-5, LI and HI districts outdoor storage is permitted in the side and rear yards provided that the area devoted to outdoor storage is screened from view with vegetation. e. When an accessory structure is located on a lot abutting more than one (1) public

Zone name Highway Business District
General category COMMERCIAL
Zone area 928.37 ac
Source code of ordinances
Top alternative use upside
Medical building $1.8M +100.8%
Retail stores $1.4M +55.0%
Office building $930,000 +4.4%
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