Statesville, TN High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Statesville, Tennessee Market population: 25K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Statesville NC Properties: 0.6500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Statesville NC
Common questions from investors exploring commercial real estate in Statesville NC.
What is the overall investment potential of Statesville, NC, considering its demographic and economic factors?
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The city's median household income of $32,331, combined with a poverty rate of 22.5% and an employed population of 9,416, suggests a working-class market with employment stability. The top industries, including Construction, Information, and Public Administration, indicate a diverse economy, while the foreign born rate of 14.1% and top ethnicities of White, White Non-Hispanic, and Black suggest a culturally diverse population. With an average commute time of 19.5 minutes and a health insurance coverage rate of 85.9%, the quality of life in Statesville appears to be relatively stable.
How does the housing market in Statesville, NC, impact investment decisions, given its property values and taxes?
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The median property value of $133,500 and median property taxes of $4,667 in Statesville indicate a relatively affordable housing market. With a homeownership rate of 51.3%, there is a potential for rental demand, especially considering the city's diverse population and top industries. The poverty rate of 22.5% and health insurance coverage rate of 85.9% also suggest that investors should focus on providing affordable and stable housing options for the working-class population.
What role do commute times and transportation methods play in assessing the stability of the rental market in Statesville, NC?
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The average commute time of 19.5 minutes in Statesville is relatively short, indicating a convenient and accessible location for renters. The top commute methods, including Drove Alone, Carpooled, and Worked At Home, suggest a flexible and adaptable transportation system. With a health insurance coverage rate of 85.9% and a poverty rate of 22.5%, the stability of the rental market appears to be supported by a relatively stable and employed population.
How does the ethnic diversity and industry mix in Statesville, NC, influence market demand and investment opportunities?
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The top ethnicities of White, White Non-Hispanic, and Black in Statesville suggest a culturally diverse population, which can drive demand for diverse housing options and amenities. The top industries, including Construction, Information, and Public Administration, indicate a diverse economy, which can support a range of investment opportunities, from residential to commercial properties. With a foreign born rate of 14.1% and a median household income of $32,331, investors should consider the potential for demand from a diverse and growing population.
What are the implications of the poverty rate and health insurance coverage on tenant quality and investment risk in Statesville, NC?
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The poverty rate of 22.5% in Statesville suggests a higher risk of tenant default or instability, while the health insurance coverage rate of 85.9% indicates a relatively stable and employed population. Investors should consider the potential for tenant quality issues, but also the opportunity to provide affordable and stable housing options for the working-class population. With a median household income of $32,331 and an employed population of 9,416, the risk of investment can be mitigated by focusing on affordable and convenient housing options.
Statesville NC Real Estate & City Facts
Key facts and real estate information about Statesville NC.
What are some of the best neighborhoods to live in Statesville?
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Some of the best neighborhoods to live in Statesville include West Statesville, Buffalo Shoals/Old Mtn, Highland Park, and Forest Hills. These areas are known for their low crime rates, active neighborhood associations, and welcoming environments.
What are some fun things to do in Statesville?
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There are plenty of fun things to do in Statesville, including visiting the Southern Distilling Company, Fort Dobbs, and the Iredell Museums. You can also check out the Friday After 5 Summer Concert Series, the Full Bloom Film Festival, and the Statesville Christmas Parade. Additionally, there are several parks and outdoor spaces, such as Bigleaf Slopes Park, where you can enjoy nature and recreational activities.
What is the food scene like in Statesville?
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The food scene in Statesville is diverse and vibrant, with a range of restaurants serving everything from Italian cuisine at Sorrento Pizzeria to American bar and grill fare at Twisted Oak. You can also find hip new restaurants like The Quarter and Ray Ray's Chicken Shack, as well as coffee shops like Lake Mountain Coffee Shop. There are also plenty of great food trucks and concessions in the area, such as Olde Towne Concessions.
What are the pros and cons of living in Statesville?
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One of the pros of living in Statesville is its vibrant community, with a rich history and an exciting calendar of annual events. However, one of the cons is that the city has a higher poverty rate and lower median household income compared to other areas in the state. Additionally, some areas of the city may have higher crime rates, so it's essential to research and choose a safe neighborhood. Overall, Statesville offers a unique blend of small-town charm and urban amenities, making it a great option for those looking for an affordable and welcoming place to live.
Is Statesville a good place to live?
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Statesville can be a good place to live, depending on your individual preferences and priorities. The city has a lot to offer, including a rich history, a vibrant arts and cultural scene, and a range of outdoor recreational activities. However, it's essential to carefully consider the pros and cons, such as the higher poverty rate and lower median household income, before making a decision. If you're looking for an affordable and welcoming place to live with a strong sense of community, Statesville may be an excellent choice for you.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Statesville NC Commercial Property: $32,331
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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