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803 Rickert St 805 Statesville, NC 28677-6792

OFF-MARKET Warehouses Google Maps
7,960 SF 0.68 ac lot Built 1996
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$595k
Range $536k – $655k (±10%)
Property ID US53-1211245

Property summary

AI-generated overview

This exceptional 6,873-square-foot flex warehouse, located at 803 Rickert St in Statesville, NC 28677, presents a remarkable investment opportunity. Built in 1996 and extensively renovated in 2023, this property boasts a single building situated on a fully paved lot with ample parking. The building features one loading dock and three drive-in doors, including a new 14x14 drive-in door, ensuring efficient loading and unloading. The interior has been completely modernized, showcasing a fresh coat of paint, new LED lighting throughout, and a new full epoxy floor. Further enhancing its functionality are the recently installed vehicle lifts. The property is connected to city water and sewer services. Zoned B5, this versatile space is ideal for a variety of industrial and commercial uses. Its prime location offers easy access to Interstates 77 and 40, providing excellent connectivity and logistical advantages. The asking price is $1,099,000, translating to $159.90 per square foot. The APN is 477216638.000. This is a turnkey operation ready for immediate occupancy.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1996
Construction STONE
Total area 7,960 SF
Lot 0.68 ac (29,621 SF)
Zoning code B-5
APN 4744-21-6638.000
UPID US53-1211245

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Material Handling Equipment Supplier

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
$890k
Comparable Approach Comparable
$428k
Blend (final) Blend
$595k

Owner & transaction history

since 2025
Last sale
$875,000
2 recorded transactions
2025
$875,000
2023
$585,000

Zoning & alternative use

B-5 · Statesville, NC
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 storag…

General category INDUSTRIAL
Top alternative use upside
Office building $795,000 +68.4%
Auto repair, garage $585,000 +24.3%
Industrial (general) $550,000 +16.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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