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    133 Mckenzie Road Mooresville, NC 28115

    View on Map
    For Sale
    Under Contract
    $875,000

    COMMERCIAL - Mooresville, NC

    Property size:
    3,750 SF
    Lot size:
    1.43 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    40
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 133 Mckenzie Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Parking Lot
    Security features
    Security System
    Window features
    Insulated Windows
    Fencing
    Fenced
    Appliances
    Bar Fridge
    Standard status
    Active Under Contract
    APN
    4668-03-7953.000
    Size
    3,750 SF
    Lot size
    1.43 Acres

    Taxes and HOA fees

    TaxDescription
    TRACT 2 ROBERT P & PEGGY OLIPHANT

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    2018
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Metal
    Roof type
    Metal
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Clarke Crawford

    Listing agent Clarke Crawford

    Listing office Southern Homes of the Carolinas, Inc 19900 W Catawba Ave, Suite 206, Cornelius, NC

    Listing date Feb 20, 2026

    MLS# 4349542

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mooresville Industrial Building For Sale

    This commercial property in Mooresville, North Carolina, presents an opportunity to own a well-maintained industrial building. The property includes approximately 3,250 square feet of shop space featuring insulated walls, up-fitted electrical systems, several work areas, and a dedicated shop bathroom. Two large roll-up doors and a side door provide access to the shop area, which is designed for efficient workflow and includes an auto lift in one bay. An additional 500 square feet of reception/office area includes a private bathroom and is serviced by central air conditioning and heat. Ample on-site parking is available for customers and employees. The property, situated on 1.43 acres, is centrally located with convenient access to the surrounding area. This property is suitable for automotive, service, light industrial, or trade-related businesses seeking a move-in-ready space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Exodus Diesel Research Auto Repair Shop Race City Truck ... Auto Repair Shop

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom HVAC Service Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.814266
    Latitude
    35.615763

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    FAQs

    What type of property is this?
    Flex space - Clean, well-maintained industrial building in the heart of Mooresville.
    Where is this flex space located?
    The property is located at 133 Mckenzie Road Mooresville, NC.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Move‑in ready, well‑maintained industrial building in Mooresville.; Approximately 3,250 sq ft of shop space with 2 large roll‑up doors and 500 sq ft of office/reception area.; **Includes an auto lift in one bay and up‑fitted electrical.**
    (704) 488-6142
    We can help!
    Listing Contact
    Clarke Crawford
    Learn More
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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
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