Freestanding Retail
For Sale
Contact for pricing
107 Argus Lane, Mooresville, NC 28117
Class A property within an anchored shopping center with retail, office, and institutional use potential.
Property Size14,673 SF
Price / SF$272.61
Days on Market56
Property Features for 107 Argus Lane
General Information
Standard status
Active
Size
14,673 SF
Class
A
Total Parking Spaces
70
Property subtype
Retail
Zoning
CM
Occupancy
60%
Investment Type
Owner/User
Building Details
Year Built
2008
Listing Agency:
APG Advisors
Listed By:
Colby Mitchell · License #NC 335176
(919) 582-3143
Source:
Crexi
Added: Aug 25
Changed: Oct 9
Last Checked: Oct 16 at 9:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of APG Advisors
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Investment Insights
Based on property information with market context.
This Class A freestanding retail property contains ±14,673 SF and was constructed in 2008 on a 1.68-acre site. The building includes ±70 surface parking spaces and is zoned CM, identified as Village Center Node (Corridor Mixed-Use). The zoning supports retail, office, or institutional uses, subject to applicable shopping center declarations and existing use restrictions.
The property is part of The Village at Byers Creek, a Harris Teeter-anchored shopping center in Mooresville. It has visibility along NC-150/River Highway, which carries 24,000 VPD, and Perth Road, reported at 11,500 AADT. Co-tenancy includes ULTA Beauty, Barnes & Noble, Outback Steakhouse, and Whataburger. Up to 5,600 SF is available for lease, providing an additional leasing component within the property.
The property is part of The Village at Byers Creek, a Harris Teeter-anchored shopping center in Mooresville. It has visibility along NC-150/River Highway, which carries 24,000 VPD, and Perth Road, reported at 11,500 AADT. Co-tenancy includes ULTA Beauty, Barnes & Noble, Outback Steakhouse, and Whataburger. Up to 5,600 SF is available for lease, providing an additional leasing component within the property.
Key Highlights
- ±14,673 SF freestanding retail building on a 1.68‑acre site
- ±70 surface parking spaces; built in 2008
- Located in The Village at Byers Creek, anchored by Harris Teeter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,135
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,602,700
$3.6M
Cap Rate 7%
$2,573,357
$2.6M
Cap Rate 9%
$2,001,500
$2.0M
Market Conditions
NOI Build-Up for 14,673 SF
Gross rent
$278.2K $18.96/SF
− Vacancy
−$20.9K −$1.42/SF
EGI
$257.3K $17.54/SF
− OpEx
−$77.2K −$5.26/SF
NOI
$180.1K $12.28/SF
Area
Iredell County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,602,700
Cap Rate 7%
$2,573,357
Cap Rate 9%
$2,001,500
Alternative Uses
Best Use
Retail
$2.57M
$2.25M – $3.00M
NOI $180,135 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,276 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Shops & Services 29%
Dining 12%
Beauty & Spa 3%
Harris Teeter
Groceries
27,231 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,841 visits/mo
0.1 miles
Jeremiah's Italian Ice
Dining
3,161 visits/mo
0.2 miles
Johnny's New York Style Pizza
Dining
2,890 visits/mo
0.1 miles
Great Clips
Beauty & Spa
1,519 visits/mo
0.2 miles
Demographics for 28117, NC
46,917
Population
21,528
Households
2.2
Avg Household Size
42
Median Age
55%
College-Educated
98%
High-School Grad
39.1 sq mi
ZIP Area
1,200
Density / Sq Mi
$109,310
Median Household Income
$53,706
Median Earnings
$1,593
Median Rent
$567,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Class A property within an anchored shopping center with retail, office, and institutional use potential.
Where is this retail space located?
The property is located at 107 Argus Lane Mooresville, NC.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: ±14,673 SF freestanding retail building on a 1.68‑acre site; ±70 surface parking spaces; built in 2008; Located in The Village at Byers Creek, anchored by Harris Teeter
