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    For Sale (16)

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    Lake View Homesite in Gated Community
    $85,000
    1.34 Acres

    Lake View Homesite in Gated Community

    1.34 acre corner lot with lake and mountain views.

    2170 Is Vw Ln NE, Connelly Springs, NC 28612
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    Downtown Conover Investment Opportunity
    $850,000
    0.97 Acres

    Downtown Conover Investment Opportunity

    Prime commercial property with long-term tenants in thriving downtown location.

    106 1St Ave S, Conover, NC 28613
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    Highway-Business Corner Lot
    $224,900
    4.68 Acres

    Highway-Business Corner Lot

    Prime corner lot in emerging growth corridor with high visibility.

    Scroggs Cemetery Rd, Statesville, NC 28677
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    Commercial Land on River Highway
    $775,000
    1.50 Acres

    Commercial Land on River Highway

    Commercial land for sale on River Highway in Mooresville, NC.

    760 River Hwy, Mooresville, NC 28117
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    Commercial Land on River Highway
    $775,000
    1.50 Acres

    Commercial Land on River Highway

    Commercial land available on River Highway in Mooresville, North Carolina.

    760 River Hwy, Mooresville, NC 28117
    View details
    Highway Corner Lot in Statesville
    $224,900
    4.68 Acres

    Highway Corner Lot in Statesville

    Prime commercial land with high visibility and multiple entry points.

    Scroggs Cemetery Rd, Statesville, NC 28677
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    Mooresville Land Near I-77
    $270,000
    5.40 Acres

    Mooresville Land Near I-77

    5.4 acres in Mooresville with I-77 frontage and easy access.

    Bluefield Rd, Mooresville, NC 28117
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    Private Wooded Acres with Barn
    $1,600,000
    16.00 Acres

    Private Wooded Acres with Barn

    16 acres with barn and stream near Mooresville schools.

    173 Rocky River Rd, Mooresville, NC 28115
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    Statesville Land Parcel For Sale
    $339,000
    10.00 Acres

    Statesville Land Parcel For Sale

    10-acre parcel in Statesville, ideal for residential development.

    911 Westminster Dr, Statesville, NC 28677
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    Turnkey Duplex in Downtown Concord
    $325,000
    0.18 Acres

    Turnkey Duplex in Downtown Concord

    Remodeled duplex in downtown Concord, ideal for investors or owner-occupants.

    266 Moore Dr NW, Concord, NC 28025
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    Residential Land in Mooresville, NC
    $65,000
    1.28 Acres

    Residential Land in Mooresville, NC

    1.28 acre residential land parcel in Mooresville, North Carolina.

    17022 Oak Breeze Cir, Mooresville, NC 28115
    View details
    Commercial Land on River Highway
    $775,000
    1.27 Acres

    Commercial Land on River Highway

    Commercial land available on River Highway in Mooresville, North Carolina.

    768 River Hwy, Mooresville, NC 28117
    View details
    Commercial Land on River Highway
    $775,000
    1.27 Acres

    Commercial Land on River Highway

    Commercial land available on River Highway in Mooresville, North Carolina.

    768 River Hwy, Mooresville, NC 28117
    View details
    Granite Falls Land For Sale
    $150,000
    19.96 Acres

    Granite Falls Land For Sale

    Residential land in lakefront community with exclusive amenities.

    Scenic Ln, Granite Falls, NC 28630
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    Commercial Land on River Highway
    Contact for pricing

    Commercial Land on River Highway

    Commercial land available on River Highway near QuikTrip.

    760 River Hwy, Mooresville, NC 28117
    View details
    Commercial Land Parcel on Highway
    $775,000

    Commercial Land Parcel on Highway

    Commercial land parcel available on River Highway/NC-150.

    768 River Hwy, Mooresville, NC 28117
    View details

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    Properties for sale

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    Mooresville Realty, LLC
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Mooresville Realty, LLC
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