Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    West Park Ave, Unit 2 Mooresville, NC 28115

    View on Map
    Sponsored
    For Sale
    Under Contract
    $514,900

    MULTI_FAMILY - Mooresville, NC

    Lot size:
    0.56 Acres
    Days on Market:
    23
    Last Refresh:
    Mar 18 at 5:06 am

    Property Features for West Park Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 4, Bathroom 1, Laundry Room, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 2
    Bedrooms
    6
    APN
    342698230
    Parking features
    Driveway
    Pets allowed
    Yes
    Appliances
    Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range
    Lot size
    0.56 Acres

    Utilities

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

    Building Details

    Year built
    2026
    Floors in Building
    2
    Number of units
    2
    Building materials
    Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    Brandon Chase

    Realty Point (704) 453-2650

    Listing agent Brandon Chase (704) 305-4178

    Listing date Feb 23, 2026

    MLS# 4302321 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    New Construction Duplex Investment Opportunity

    The Orleans Duplex Plan is a new construction duplex designed for cash flow and portfolio growth. Each side features 3 bedrooms and 2.5 baths with open layouts, durable finishes, and low-maintenance materials. The property offers dual-income potential, separate utilities, and a design that makes management simple and efficient. This property is suited for house hackers, short-term investors, or long-term buy-and-hold strategies, delivering rental performance and appreciation potential. Built to today's standards with modern curb appeal, the Orleans Plan offers a turnkey, high-yield investment. The builder currently has multiple duplexes under construction, and package deals are available for investors seeking to scale their portfolios with income-producing assets. The property is located in Mooresville, NC, in Iredell County, with a lot size of 0.56 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.79946
    Latitude
    35.587474

    Nearby Similar for Sale

    • $1,350,000
      3,880 SF

      Mixed-Use Building in Mooresville, NC

      Mixed-use building with retail and office space for sale.
      188 N Main St, Mooresville, NC 28115
      View Details
    • $875,000
      3,750 SF

      Mooresville Industrial Building For Sale

      Clean, well-maintained industrial building in the heart of Mooresville.
      133 Mckenzie Rd, Mooresville, NC 28115
      View Details
    • $450,000
      Pending

      Brawley School Road Commercial Condo

      Versatile 1,120 sq ft office/retail condo in high-traffic Mooresville location.
      110 Charleston Dr, Mooresville, NC 28117
      View Details
    • New
      $556,320

      Modern Office Condo For Sale

      Modern office condo featuring private offices, conference room, and open space.
      107 Kilson Dr, Mooresville, NC 28117
      View Details
    • $475,000
      Pending

      Versatile Office/Flex Space Available

      Well-maintained office/flex space with reception, offices, bathroom, and kitchenette.
      119 Magnolia Park Dr, Mooresville, NC 28117
      View Details
    • $525,000

      Commercial Office Condo Investment

      Tenant-occupied office condo with stable income and growth potential.
      107 Kilson Dr, Mooresville, NC 28117
      View Details
    • $700,000
      7.50 Acres

      7.5 Acre Estate in Mooresville

      7.5-acre estate near Davidson, perfect for equestrian or hobby farm.
      175 Stonehaven Dr, Mooresville, NC 28115
      View Details
    • $1,900,000
      1.69 Acres

      Commercial Building Near Downtown Mooresville

      13,944 SF commercial building on 1.6 acres near I-77.
      770-772 N Broad St, Mooresville, NC 28115
      View Details
    • $519,800
      0.44 Acres

      New Construction Duplex Investment Opportunity

      New construction duplex in Mooresville designed for cash flow.
      West Park Ave, Mooresville, NC 28115
      View Details
    • $514,900
      0.53 Acres

      New Construction Duplex Investment Opportunity

      Modern duplex in Mooresville, NC, ideal for investors.
      West Park Ave, Mooresville, NC 28115
      View Details
    • $6,950,000
      2,597 SF

      22-Acre Estate with Income Potential

      Estate with log home, event barn, and collision center.
      1620 London Rd, Mooresville, NC 28115
      View Details
    • $875,000
      3,750 SF

      Mooresville Industrial Building For Sale

      Well-maintained industrial building with shop and office space in Mooresville.
      133 Mckenzie Rd, Mooresville, NC 28115
      View Details

    FAQs

    What type of property is this?
    Duplex - Modern duplex in Mooresville, designed for cash flow and growth.
    Where is this duplex located?
    The property is located at West Park Ave, Unit 2 Mooresville, NC.
    What is the asking price?
    The asking price for this property is $514,900.
    What are key features of this property?
    This property features: - Dual income potential: Duplex design provides two rental income streams, maximizing cash flow.; - New construction (2026): Modern build ensures low maintenance.; - 3 beds/2.5 baths per side: Each unit offers a desirable layout.
    (704) 305-4178
    Request Owner's contact information
    West Park Ave, Unit 2 Mooresville, NC 28115
    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.
    West Park Ave, Unit 2
    Mooresville, NC 28115
    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
    West Park Ave, Unit 2 Mooresville, NC 28115
    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

    We can help!
    Listing Contact
    Brandon Chase
    Real Estate License ID: 249103
    (704) 305-4178
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!