2203 Sherrill DrStatesville, NC 28625

Property Details for 2203 Sherrill Dr

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

26.03 AC

Property size (Sq ft)

288,600 SF

Zone code

HI

Property type

Warehouses

APN

4754-30-6641.000

APU

4754306641000

Description

This exceptional sublease opportunity presents 288,000 square feet of warehouse space ideally situated at 2203 Sherrill Drive in Statesville, North Carolina, zip code 28625. The property boasts a total building size of 639,800 square feet and sits on a substantial 41.69 acres of land. The warehouse space is part of a larger single-tenant industrial building. This sublease offering includes 280,000 square feet of warehouse space and an additional 8,000 square feet of office space, providing ample room for various business operations. The property is conveniently located within the Iredell submarket, offering excellent access to transportation routes and logistical networks. Ample parking is available with 307 parking spaces provided on-site. The property is classified as an industrial warehouse and is available for immediate occupancy. This is a rare opportunity to secure a significant amount of warehouse space in a prime location. The property's size and features make it suitable for a wide range of industrial and logistics businesses. Interested parties are encouraged to inquire for further details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $150,680,000

  6.5%

  $139,089,000

  7%

  $129,154,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $78,194,400

  Geo Method

  $78,194,400

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $72,148,200

  Mixed-Use / Specialty

  $72,540,300

  Hospitality / Lodging

  $54,065,900

  Office

  $72,785,600

  Institutional / Educational

  $75,644,700

  Residential Income

  $88,504,300

  Multifamily

  $102,548,000

  Automotive / Energy

  $64,838,300

  Parking / Income-Based Land

  $21,733,400

  Restaurant / Food Service

  $39,114,500

  Healthcare / Senior Housing

  $73,722,900

Location Insight

City

Statesville

County

Iredell

State

North Carolina

Latitude

35.771

Longitude

-80.8419

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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