Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    5229-5239 E S R 144 Mooresville, IN 46158

    View on Map
    Claim this Listing
    For Sale
    $750,000

    Office - Mooresville, IN

    Type:Office
    Property size:
    3,520 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $213/SF
    Added:
    Oct 1, 2025
    Days on Market:
    217
    Last Refresh:
    May 5 at 8:06 am

    Property Features for 5229-5239 E S R 144

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    Commercial - Office
    Standard status
    Active
    APN
    550608200001028015
    Size
    3,520 SF
    Lot size
    0.33 Acres

    Building Details

    Year built
    1997
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Vincent Ferguson

    Listing agent Vincent Ferguson License #RB14047989

    Listing office Mark Dietel Realty, LLC S East St, Indpls, IN

    Listing date Oct 1, 2025

    MLS# 22065632 Listing URL

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

    Overview

    Versatile Commercial Property on SR 144

    This well-maintained commercial property, situated on a highly traveled road, offers visibility, convenience, and functionality. The building features multiple office suites, spacious foyers, and flexible floor plans suitable for professional offices, medical practices, or other business uses. Adaptable spaces include living-style areas, dining and family rooms for client meetings or collaborative workspaces, along with multiple bathrooms and closets. The property has a professional brick exterior and updated interiors, creating a welcoming environment. Ample parking with direct client access is available. The location combines green surroundings with proximity to major highways and local amenities. The property, located in Mooresville, IN, is zoned for commercial office use and has a lot size of 0.33 acres. The building size is 3,520 square feet. It is located on E S R 144. The property offers long-term value and growth potential for investors and business owners.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Mooresville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.3332
    Latitude
    39.588419

    Nearby Similar for Sale

    • $450,000
      4,288 SF

      Mooresville Mixed-Use Corner Lot

      Commercial property with house and two buildings in Mooresville.
      560 Bridge Street, Mooresville, IN 46158
      View Details
    • $750,000

      Versatile Commercial Property in Mooresville

      Well-maintained commercial property with flexible spaces and high visibility.
      5229-5239 E S R 144, Mooresville, IN 46158
      View Details
    • $299,000
      2,480 SF

      Downtown Mooresville Office with Visibility

      2480 SF office in downtown Mooresville with living area.
      124 S Indiana Street, Mooresville, IN 46158
      View Details
    • $2,300,000
      2,555 SF

      Mooresville, Indiana NNN Investment

      2,555 SF NNN sale-leaseback property in Mooresville, Indiana.
      366 S Indiana St, Mooresville, IN 46158
      View Details
    • $539,000

      Mooresville Residential Lots For Sale

      22.02 acre residential lots suitable for farming or building.
      Lot 6 Watson Road, Mooresville, IN 46158
      View Details
    • $2,300,000
      2,555 SF

      Freestanding Commercial Building Sale-Leaseback

      2,555 SF Mooresville building with NNN lease.
      366 S Indiana St, Mooresville, IN
      View Details
    • $1,222,000
      5,000 SF

      Retail Property Near Shopping Center

      Retail property with excellent visibility near a shopping center.
      437 S Indiana St, Mooresville, IN
      View Details
    • $3,900,000
      8,500 SF

      New Truck Repair Facility

      Under development truck repair facility on 4.99 acres.
      1259 IN-67, Mooresville, IN
      View Details
    • $599,000
      2,430 SF

      Salon and Spa Commercial Building

      Fully operational salon and spa commercial building for sale.
      241 E High Street, Mooresville, IN 46158
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained commercial property with flexible spaces and high visibility.
    Where is this office building located?
    The property is located at 5229-5239 E S R 144 Mooresville, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: High visibility location on a highly traveled road.; Flexible floor plans suitable for various business uses (offices, medical practices, etc.).; Ample parking with direct client access.
    (317) 710-9294
    We can help!
    Listing Contact
    Vincent Ferguson
    Real Estate License ID: RB14047989
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5229-5239 E S R 144, Mooresville, IN 46158
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!